Partnership for Art at the Core of Education

EIN: 562156415 501(c)(3) Education

Swannanoa, NC

Total Revenue
$5,296,071
Total Expenses
$4,983,596
Total Assets
$2,470,786
Net Assets
$2,391,533
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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
1999
Legal Domicile
NC
Principal Officer
Candace Reilly
Phone
8282981787
Tax Period
2024-07-01 to 2025-06-30

Partnership for Art at the Core of Education, founded in 1999, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 6% surplus.

Mission

To operate a public charter school.

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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 $299,605
Program Service Revenue $4,996,466
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,296,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,829,409
Fundraising Expenses $0
Program Expenses $4,080,309
Other Expenses $1,154,187
TOTAL EXPENSES $4,983,596

Year-over-Year Comparison

2024 2023 Change
Revenue $5,296,071 $5,481,555 0.0%
Expenses $4,983,596 $4,828,771 +0.0%
Net Income $312,475 $652,784 -0.5%
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
9
Independent Members
9
Employees
92
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kate Averett Anderson Vice Chair 001.00
Officer Director
$0 $0 $0
Jenny Heim Board Member 001.00
Director
$0 $0 $0
Gretchen Brown Secretary 001.00
Officer Director
$0 $0 $0
Colin Felmet Treasurer 001.00
Officer Director
$0 $0 $0
Caroline Crupi Board Member 001.00
Director
$0 $0 $0
Candace Reilly Board Chair 001.00
Officer Director
$0 $0 $0
David Earnhardt Board Member 001.00
Director
$0 $0 $0
Nicole Cockey Board Member 001.00
Director
$0 $0 $0
Melanie Meador Staff Representative 001.00
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
2025 $5,296,071 $4,983,596 $2,470,786 $312,475
2024 $5,481,555 $4,828,771 $2,338,217 $652,784
2023 $4,851,994 $5,801,403 $1,657,817 $-949,409
2022 $4,600,158 $4,637,470 $2,663,607 $-37,312
2021 $4,402,990 $4,096,294 $2,634,172 $306,696
2020 $3,966,467 $3,867,720 $2,316,049 $98,747
2019 $3,909,759 $3,907,269 $2,220,446 $2,490
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