Madison County Arts Council

EIN: 561743991 501(c)(3)

Marshall, NC

Total Revenue
$731,769
Total Expenses
$359,555
Total Assets
$1,455,034
Net Assets
$1,303,708
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NC
Principal Officer
Amber Gilot
Phone
8286491301
Tax Period
2024-01-01 to 2024-12-31

Madison County Arts Council, founded in 1991, is a small nonprofit that reported $732K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $372K, a strong 51% operating margin.

Mission

Strengthening Community through the Arts.

Program Service Accomplishments

Program 1
Expenses: $214,487 Revenue: $36,709

Festivals: This annual festival, held each June on the grounds of Hot Springs Resort and Spa, showcases some of the best traditional music and dance in WNC. In 2024, we also had a silent auction and...

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Festivals: This annual festival, held each June on the grounds of Hot Springs Resort and Spa, showcases some of the best traditional music and dance in WNC. In 2024, we also had a silent auction and artists vendors, along with community organizations providing food options. More than 70 artists performed-from preteens to octogenarians-and more than 2,000 attendees enjoyed the show. Due to Helene, we were unable to present our Art-On-the-Island Festival in late September.

Program 2

Education: Our Junior Appalachian Musician program had strong registration for the spring semester, and our JAM Summer Camp hosted 25 students and taught not only musical skills, but also...

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Education: Our Junior Appalachian Musician program had strong registration for the spring semester, and our JAM Summer Camp hosted 25 students and taught not only musical skills, but also community-building skills, which would be needed when Helene paused our Fall semester, in which 70 students were enrolled. The semester restarted on Halloween at Woodson Branch Nature School, providing students a chance to reconnect with their music and lean on their community as we all worked to process what had happened in and after the storm. Our First Stage Youth Theatre program also provided group educational opportunities in a Spring semester and a summer camp that culminated in a production of Charlie and the Chocolate Factory.

Program 3

Exhibits and Sales: Each year we host up to 8 gallery exhibits. In 2024, we hosted Youth Art Month, FRESH (a show of new work), a show with the Asheville Printmakers, and an Appalachian Barn Alliance...

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Exhibits and Sales: Each year we host up to 8 gallery exhibits. In 2024, we hosted Youth Art Month, FRESH (a show of new work), a show with the Asheville Printmakers, and an Appalachian Barn Alliance Exhibit. Openings for each of the shows brought in strong crowds, and sales from the shows supported artist and MCAC. After Helene, we were able to host our annual Holiday Sale at Mars Landing Galleries in Mars Hill. This sale featured work from more than 47 artists, providing a much-needed economic boost for many who had experienced loss and damage from the storms. The Holiday Sale outperformed the 2023 version (grossing $23,341.36) and provided a community bright spot to end 2024.

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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 $385,239
Program Service Revenue $36,709
Investment Income $-8,453
Other Revenue $318,274
TOTAL REVENUE $731,769

Expense Breakdown

Grants Paid $800
Salaries & Benefits $111,316
Fundraising Expenses $38,862
Program Expenses $214,487
Other Expenses $247,439
TOTAL EXPENSES $359,555

Year-over-Year Comparison

2024 2023 Change
Revenue $731,769 $350,372 +1.1%
Expenses $359,555 $302,771 +0.2%
Net Income $372,214 $47,601 +6.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
3
Volunteers
19

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
5
$31,785
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brandon Johnson Executive Director 40.00
Officer
$31,785 $0 $31,785
Cynthia Cutting President 20.00
Officer Director
$0 $0 $0
Sarah Pike Vice President 10.00
Officer Director
$0 $0 $0
Amber Gilot Treasurer 15.00
Officer Director
$0 $0 $0
Ellen Holmes Pearson Secretary 10.00
Officer Director
$0 $0 $0
Erin Flannigan Board Member 5.00
Director
$0 $0 $0
Deb Burns Board Member 5.00
Director
$0 $0 $0
Kerstin Davis Board Member 5.00
Director
$0 $0 $0
Andy Gordon PhD Board Member 5.00
Director
$0 $0 $0
Jonna Kwiatkowski Board Member 5.00
Director
$0 $0 $0
Donna Ray Norton Board Member 5.00
Director
$0 $0 $0
Jaime Perkins Board Member 5.00
Director
$0 $0 $0
Irene Olds Board Member 5.00
Director
$0 $0 $0
Charles S Rice Board Member 5.00
Director
$0 $0 $0
Ben Smith Board Member 5.00
Director
$0 $0 $0
Melissa Robinson Board Member 5.00
Director
$0 $0 $0
Miryam Rojas Board Member 5.00
Director
$0 $0 $0
Tyler Rumsey Board Member 5.00
Director
$0 $0 $0
Phillip Solomon Board Member 5.00
Director
$0 $0 $0
Jim Williams Board Member 5.00
Director
$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
2024 $731,769 $359,555 $1,455,034 $372,214
2023 $350,372 $302,771 $1,090,694 $47,601
2022 $609,894 $310,441 $1,048,425 $299,453
2021 $648,157 $268,799 $930,756 $379,358
2020 $234,778 $228,391 $563,428 $6,387
2019 $296,502 $238,547 $532,430 $57,955
2018 $227,475 $187,537 $473,332 $39,938
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