ARTS COUNCIL OF WAYNE COUNTY INC

EIN: 566065121 501(c)(3)

GOLDSBORO, NC

Total Revenue
$394,063
Total Expenses
$322,724
Total Assets
$164,960
Net Assets
$164,960
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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
1963
Legal Domicile
NC
Principal Officer
NATHAN LEAN
Phone
9197363300
Tax Period
2023-07-01 to 2024-06-30

ARTS COUNCIL OF WAYNE COUNTY INC, founded in 1963, is a small nonprofit that reported $394K in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 18% operating margin.

Mission

TO PROMOTE ARTS IN WAYNE COUNTY, NORTH CAROLINA

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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 $326,493
Program Service Revenue $53,522
Investment Income $1
Other Revenue $14,047
TOTAL REVENUE $394,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,019
Fundraising Expenses $0
Program Expenses $322,724
Other Expenses $251,705
TOTAL EXPENSES $322,724

Year-over-Year Comparison

2023 2022 Change
Revenue $394,063 $153,270 +1.6%
Expenses $322,724 $229,909 +0.4%
Net Income $71,339 $-76,639 -1.9%
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
17
Independent Members
3
Employees
2
Volunteers
20

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
6
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE CRAMER PAST CHAIRMA N/A
Officer Director
$0 $0 $0
CASEY MOZINGO BOARD MEMBER N/A
Director
$0 $0 $0
DONNA AMOS BOARD MEMBER N/A
Director
$0 $0 $0
WENDY HICKS BOARD MEMBER N/A
Director
$0 $0 $0
CORAL VILLANUEVA VICE CHAIRMA N/A
Officer Director
$0 $0 $0
ANGIE WALLER BOARD MEMBER N/A
Director
$0 $0 $0
KATHRYN ENDWARDS DOGGETT BOARD MEMBER N/A
Director
$0 $0 $0
CHRETIEN DUMOND BOARD MEMBER N/A
Director
$0 $0 $0
ANDRIETTA HERRON SECRETARY N/A
Officer Director
$0 $0 $0
MEGHAN PAKALNIS BOARD MEMBER N/A
Director
$0 $0 $0
LISA ROBERTS - SORRELS BOARD MEMBER N/A
Director
$0 $0 $0
BRIENNE M WOREK BOARD MEMBER N/A
Director
$0 $0 $0
NATHAN LEAN CHAIRMAN N/A
Officer Director
$0 $0 $0
LAURA WISE TREASURER N/A
Officer Director
$0 $0 $0
BEN EVANS BOARD MEMBER N/A
Director
$0 $0 $0
JOHN RICHARDS BOARD MEMBER N/A
Director
$0 $0 $0
FRITZ KNACK BOARD MEMBER N/A
Director
$0 $0 $0
SCOTT SATTERFIELD BOARD MEMBER N/A
Director
$0 $0 $0
SETH WOODARD BOARD MEMBER N/A
Director
$0 $0 $0
JACK KANNAN EXECUTIVE DI N/A
Officer
$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 $394,063 $322,724 $164,960 $71,339
2022 $270,971 $254,768 $199,270 $16,203
2021 $403,851 $319,725 $205,272 $84,126
2020 $254,150 $264,609 $118,200 $-10,459
2019 $264,105 $311,290 $137,197 $-47,185
2018 $249,225 $267,914 $182,814 $-18,689
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