UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS PROGRAM SUPPORT CORPORATION (EIN 562035485) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

WENDY EMERSON

Phone

3367703304

Tax Period

2023-07-01 to 2024-06-30

UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS PROGRAM SUPPORT CORPORATION, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $12K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $22K exceeded revenue, resulting in a 86% operating deficit.

Mission

TO PROVIDE EDUCATIONAL AND PROGRAM SUPPORT FOR THE UNIVERSITY OF NORTH CAROLINA SCHOOL OF 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,604

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,604

Other Expenses $21,604

TOTAL EXPENSES $21,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,604	$14,414	-0.2%
Expenses	$21,604	$15,445	+0.4%
Net Income	$-10,000	$-1,031	+8.7%

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

Governance

Voting Members

Independent Members

N/A

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

$774,898

Total Directors

$774,898

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY EMERSON	PRESIDENT	1.00	Officer Director	$0	$53,047	$234,672
PATRICK SIMS	VICE PRESIDENT	1.00	Officer Director	$0	$63,408	$276,127
MELANIE NUCKOLS	TREASURER	1.00	Officer Director	$0	$14,797	$58,063
DAVID HARRISON	SECRETARY	1.00	Officer Director	$0	$32,461	$206,036

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	No data	No data	No data	No data
2024	$11,604	$21,604	$1,146,382	$-10,000
2023	$14,414	$15,445	$1,155,553	$-1,031
2022	$12,668	$18,408	$1,157,251	$-5,740
2021	$3,125	$19,227	$1,161,878	$-16,102
2020	$14,494	$32,272	$1,177,963	$-17,778
2019	$26,655	$33,715	$1,196,848	$-7,060

UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS PROGRAM SUPPORT CORPORATION