ARTS COUNCIL OF WILSON INC

EIN: 566091774 501(c)(3) Arts, Culture & Humanities

WILSON, NC

Total Revenue
$1,007,486
Total Expenses
$827,871
Total Assets
$4,855,042
Net Assets
$4,828,658
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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
1967
Principal Officer
CATHY HARDISON
Phone
2522914329
Tax Period
2024-07-01 to 2025-06-30

ARTS COUNCIL OF WILSON INC, founded in 1967, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $180K, a strong 18% operating margin.

Mission

OPERATING A LOCAL ARTS COUNCIL

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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 $614,276
Program Service Revenue $263,130
Investment Income $130,080
Other Revenue $0
TOTAL REVENUE $1,007,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,070
Fundraising Expenses $0
Program Expenses $614,405
Other Expenses $498,801
TOTAL EXPENSES $827,871

Year-over-Year Comparison

2024 2023 Change
Revenue $1,007,486 $1,071,042 -0.1%
Expenses $827,871 $796,853 +0.0%
Net Income $179,615 $274,189 -0.3%
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
18
Independent Members
18
Employees
14
Volunteers
25

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
5
$67,175
Total Directors
2
$67,175
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHY HARDISON EXEC DIRECTO 35.00
Officer Director
$65,218 $1,957 $67,175
WENDY WINSLOW VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MARTHA-SCOTT BENSON TREASURER 1.00
Officer
$0 $0 $0
SUSU GORDON SECRETARY 1.00
Officer
$0 $0 $0
BLAIR MYERS PRESIDENT 2.00
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 $1,007,486 $827,871 $4,855,042 $179,615
2024 $1,071,042 $796,853 $4,684,893 $274,189
2023 $1,047,554 $870,711 $4,403,279 $176,843
2022 $697,609 $645,058 $4,222,798 $52,551
2021 $1,441,859 $505,592 $4,199,355 $936,267
2020 $920,745 $502,121 $3,282,994 $418,624
2019 $1,273,285 $537,583 $2,822,716 $735,702
2018 $636,635 $572,474 $2,076,187 $64,161
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