SWANNANOA VALLEY ART LEAGUE

EIN: 561628625 501(c)(3)

Black Mountain, NC

Total Revenue
$179,627
Total Expenses
$125,119
Total Assets
$260,935
Net Assets
$172,032
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NC
Phone
8286690351
Tax Period
2024-09-01 to 2025-08-31

SWANNANOA VALLEY ART LEAGUE, founded in 1988, is a small nonprofit that reported $180K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $55K, a strong 30% operating margin.

Mission

PROVIDED STUDIO SPACE FOR ARTISTS TO DISPLAY PAINTINGS AND ARTWORK. PROVIDED CLASSES AND WORKSHOPS FOR THE COMMUNITY TO ENHANCE THEIR APPRECIATION FOR AND PARTICIPATION IN THE ARTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $82,538
Program Service Revenue $96,036
Investment Income $0
Other Revenue $1,053
TOTAL REVENUE $179,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,383
Other Expenses $125,119
TOTAL EXPENSES $125,119

Year-over-Year Comparison

2024 2023 Change
Revenue $179,627 $166,303 +0.1%
Expenses $125,119 $101,210 +0.2%
Net Income $54,508 $65,093 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA DAVIS BOARD MEMBER 0.00
Director
$0 $0 $0
SYLVIA MCCOLLUM BOARD MEMBER 0.00
Director
$0 $0 $0
ANDREA STUTESMAN BOARD MEMBER 0.00
Director
$0 $0 $0
RUTH DUCKWORTH BOARD MEMBER 0.00
Director
$0 $0 $0
VICTORIA ROBERTSON BOARD MEMBER 0.00
Director
$0 $0 $0
ELAINE ECKERT BOARD MEMBER 0.00
Director
$0 $0 $0
LORI COZZI BOARD MEMBER 0.00
Director
$0 $0 $0
FRAN GREENBURG BOARD MEMBER 0.00
Director
$0 $0 $0
AMBER RATLIFF BOARD MEMBER 0.00
Director
$0 $0 $0
RHONDA DEHOFF BOARD MEMBER 0.00
Director
$0 $0 $0
BOB DEHOFF BOARD MEMBER 0.00
Director
$0 $0 $0
WOODY EISENBERG BOARD MEMBER 0.00
Director
$0 $0 $0
TERRI LESLIE BOARD MEMBER 0.00
Director
$0 $0 $0
DONNA GORE N/A 0.00
Director
$0 $0 $0
BLAIR WALDICK TREASURER 1.00
Officer
$0 $0 $0
PAUL PENNY PRESIDENT 1.00
Officer
$0 $0 $0
COLEEN HESTER VICE PRESIDENT 1.00
Officer
$0 $0 $0
DENISE WALDICK SECRETARY 1.00
Officer
$0 $0 $0
TINA KANNAPEL EVENTS CHAIR 0.00
Officer
$0 $0 $0
STAN SKEEN CO-TREASURER 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $179,627 $125,119 $260,935 $54,508
2024 $166,303 $101,210 $215,373 $65,093
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