TRYON FINE ARTS CENTER INC (EIN 566086694) - 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

1966

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

TRYON FINE ARTS CENTER INC