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)

4 risk indicators measuring financial stability and operational resilience

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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.

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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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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
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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