BLACK MOUNTAIN SWANNANOA VALLEY ARTS CENTER

EIN: 561913046 501(c)(3) Arts, Culture & Humanities

BLACK MOUNTAIN, NC

Total Revenue
$417,832
Total Expenses
$386,837
Total Assets
$-5,509
Net Assets
$-5,509
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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
1995
Legal Domicile
NC
Principal Officer
LORI COZI
Phone
8286690930
Tax Period
2022-07-01 to 2023-06-30

BLACK MOUNTAIN SWANNANOA VALLEY ARTS CENTER, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $418K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $387K left a modest 7% surplus.

Mission

OPERATION OF AN ART CENTER FOR THE PUBLIC

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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 (2022)

Revenue Breakdown

Contributions & Grants $127,821
Program Service Revenue $253,664
Investment Income $0
Other Revenue $36,347
TOTAL REVENUE $417,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $156,029
Fundraising Expenses $0
Program Expenses $154,460
Other Expenses $230,808
TOTAL EXPENSES $386,837

Year-over-Year Comparison

2022 2021 Change
Revenue $417,832 $351,210 +0.2%
Expenses $386,837 $342,540 +0.1%
Net Income $30,995 $8,670 +2.6%
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
13
Independent Members
N/A
Employees
N/A
Volunteers
479

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
$72,000
Total Directors
13
$72,000
Key Employees
1
$72,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI COZZI EXECUTIVE DIRECTOR 40.00
Officer Director Key Emp Highest
$72,000 $0 $72,000
JOHN HALL CHAIR 5.00
Officer Director
$0 $0 $0
SARAH BERGLUND SECRETARY 5.00
Officer Director
$0 $0 $0
KANNAH BEGLEY DIRECTOR 5.00
Director
$0 $0 $0
CASEY CONNER DIRECTOR 5.00
Director
$0 $0 $0
LORI TURLEY TREASURER 5.00
Officer Director
$0 $0 $0
JULIE WILCOX VICE CHAIR 5.00
Officer Director
$0 $0 $0
JACK HEINEN DIRECTOR 5.00
Director
$0 $0 $0
CAROLINE COPEKHOURY DIRECTOR 5.00
Director
$0 $0 $0
STEPHANIE WILDER DIRECTOR 5.00
Director
$0 $0 $0
ARCHIE PERTILLER DIRECTOR 5.00
Director
$0 $0 $0
ELIZABETH WHITE DIRECTOR 5.00
Director
$0 $0 $0
MELISA PRESSLEY DIRECTOR 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
2023 $417,832 $386,837 $-5,509 $30,995
2022 $350,861 $342,540 $-36,504 $8,321
2021 $284,528 $304,673 $-44,825 $-20,145
2020 $270,701 $288,895 $-24,680 $-18,194
2019 $281,001 $287,487 $437,545 $-6,486
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