TRYON FINE ARTS CENTER INC

EIN: 566086694 501(c)(3) Arts, Culture & Humanities

TRYON, NC

Total Revenue
$1,137,415
Total Expenses
$935,053
Total Assets
$8,338,734
Net Assets
$8,325,933
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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
1966
Legal Domicile
NC
Principal Officer
LINDA HAYNES
Phone
8288598322
Tax Period
2023-07-01 to 2024-06-30

TRYON FINE ARTS CENTER INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $202K, a strong 18% operating margin.

Mission

CULTURAL EDUCATION AND ADVANCEMENT.

Program Service Accomplishments

Program 1
Expenses: $271,257 Revenue: $130,650

TRYON FINE ARTS CENTER PROVIDES AND FOSTERS CULTURAL ACTIVITIES IN THE COMMUNITY. EVENTS ARE SPONSORED AND PROGRAMS ARE PROVIDED TO TRYON, NC AND THE SURROUNDING COMMUNITIES.

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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 $641,196
Program Service Revenue $130,650
Investment Income $255,862
Other Revenue $109,707
TOTAL REVENUE $1,137,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,607
Fundraising Expenses $0
Program Expenses $462,338
Other Expenses $691,446
TOTAL EXPENSES $935,053

Year-over-Year Comparison

2023 2022 Change
Revenue $1,137,415 $838,641 +0.4%
Expenses $935,053 $797,413 +0.2%
Net Income $202,362 $41,228 +3.9%
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
15
Independent Members
15
Employees
4
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
MATTHEW ALDRICH DIRECTOR N/A
Director
$0 $0 $0
JEFF BYRD SECRETARY N/A
Director
$0 $0 $0
MELVIN COX DIRECTOR N/A
Director
$0 $0 $0
IAIN FITCH DIRECTOR N/A
Director
$0 $0 $0
FRANCES FLYNN DIRECTOR N/A
Director
$0 $0 $0
WJ LAUGHRIDGE DIRECTOR N/A
Director
$0 $0 $0
CINDY RIDDLE DIRECTOR N/A
Director
$0 $0 $0
GWENDOLYN SUESSE DIRECTOR N/A
Director
$0 $0 $0
LORI WALTER DIRECTOR N/A
Director
$0 $0 $0
GORDON HAMILTON VICE PRESIDE N/A
Officer
$0 $0 $0
LINDA HAYNES PRESIDENT N/A
Officer
$0 $0 $0
MICHELLE NEWMAN TREASURER N/A
Officer
$0 $0 $0
SCOTT PLEUNE TREASURER 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 $1,137,415 $935,053 $8,338,734 $202,362
2023 $828,839 $804,822 $7,853,415 $24,017
2022 $877,300 $713,157 $7,477,049 $164,143
2021 $921,917 $438,394 $8,260,470 $483,523
2020 $1,243,611 $653,837 $7,142,343 $589,774
2019 $1,067,103 $639,995 $6,595,431 $427,108
2018 $864,064 $617,870 $6,052,011 $246,194
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