Arts Council of Wilmington and New Hanover County

EIN: 562277053 501(c)(3) Arts, Culture & Humanities

Wilmington, NC

Total Revenue
$684,517
Total Expenses
$543,235
Total Assets
$344,646
Net Assets
$317,354
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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
2011
Legal Domicile
NC
Principal Officer
Rhonda Bellamy
Phone
9103430998
Tax Period
2023-07-01 to 2024-06-30

Arts Council of Wilmington and New Hanover County, founded in 2011, is a small nonprofit in the Arts, Culture & Humanities sector that reported $685K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $141K, a strong 21% operating margin.

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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 (2023)

Revenue Breakdown

Contributions & Grants $680,126
Program Service Revenue $2,859
Investment Income $1,532
Other Revenue $0
TOTAL REVENUE $684,517

Expense Breakdown

Grants Paid $288,516
Salaries & Benefits $130,495
Fundraising Expenses $22,976
Program Expenses $336,664
Other Expenses $124,224
TOTAL EXPENSES $543,235

Year-over-Year Comparison

2023 2022 Change
Revenue $684,517 $623,286 +0.1%
Expenses $543,235 $523,389 +0.0%
Net Income $141,282 $99,897 +0.4%
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
14
Independent Members
14
Employees
N/A
Volunteers
50

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
0
$0
Total Directors
10
$109,427
Key Employees
1
$109,427
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rhonda Bellamy President & CEO 40.00
Director Key Emp Highest
$109,427 $0 $109,427
Joey Toler Chair 1.00
Director
$0 $0 $0
Todd Atwood Vice Chair 1.00
Director
$0 $0 $0
Phil Sindel Treasurer 1.00
Director
$0 $0 $0
Liz Carbone Secretary 1.00
Director
$0 $0 $0
Tufanna Bradley Director 1.00
Director
$0 $0 $0
Chad Cramer Director 1.00
Director
$0 $0 $0
Jennifer Pate Director 1.00
Director
$0 $0 $0
Dr Sejal Patel Director 1.00
Director
$0 $0 $0
Cornelia Rogan Director 1.00
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 No data No data No data No data
2024 $684,517 $543,235 $344,646 $141,282
2023 $623,286 $523,389 No data $99,897
2022 $489,048 $485,209 $94,530 $3,839
2021 $516,953 $448,405 $95,176 $68,548
2020 $202,983 $205,430 $29,304 $-2,447
2019 $206,983 $182,746 $17,487 $24,237
2018 $216,740 $218,274 $3,565 $-1,534
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