Marshall, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Strengthening Community through the Arts.
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...
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.
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...
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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