MCCORMICK ARTS COUNCIL AT THE KETURAH INC

EIN: 570788937 501(c)(3)

MC CORMICK, SC

Total Revenue
$2,109,431
Total Expenses
$428,359
Total Assets
$2,521,544
Net Assets
$2,491,048
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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
1984
Legal Domicile
SC
Tax Period
2023-01-01 to 2023-12-31

MCCORMICK ARTS COUNCIL AT THE KETURAH INC, founded in 1984, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 543% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 80% operating margin.

Mission

TO ADVANCE THE ARTS IN OUR COMMUNITIES - WE EXIST TO SERVE AS THE LEADER FOR THE ARTS IN OUR COMMUNITY, STIMULATE AND PROMOTE THE ARTS, INCREASE ACCESS TO THE ARTS AND PRODUCE ARTS PROGRAMMING FOR THE BENEFIT OF ALL COMMUNITY MEMBERS.

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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 $1,933,706
Program Service Revenue $18,105
Investment Income $128,792
Other Revenue $28,828
TOTAL REVENUE $2,109,431

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,542
Fundraising Expenses $0
Program Expenses $311,482
Other Expenses $320,817
TOTAL EXPENSES $428,359

Year-over-Year Comparison

2023 2022 Change
Revenue $2,109,431 $328,129 +5.4%
Expenses $428,359 $235,065 +0.8%
Net Income $1,681,072 $93,064 +17.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
40

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
13
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY ROBINSON BOARD MEMBER 0.00
Director
$0 $0 $0
ROMAN STONE BOARD MEMBER 0.00
Director
$0 $0 $0
MARGO SETNOR-ANDERSON BOARD MEMBER 0.00
Director
$0 $0 $0
HEATHER MCNALLY PROGRAM DIRECTOR 35.00
Director Key Emp
$0 $0 $0
WALTER SMITH BOARD MEMBER 0.00
Director
$0 $0 $0
BOB STOCKTON BOARD MEMBER 0.00
Director
$0 $0 $0
BRENDA LANG BOARD MEMBER 0.00
Director
$0 $0 $0
SONDRA GIVIDEN BOARD MEMBER 0.00
Director
$0 $0 $0
JAI JONES BOARD MEMBER 0.00
Director
$0 $0 $0
TOM POLAND BOARD SECRETARY 0.00
Officer Director
$0 $0 $0
ELLA ARNOLD BOARD VICE-CHAIR 0.00
Officer Director
$0 $0 $0
ROBERTA MCKEE BOARD CHAIR 0.00
Officer Director
$0 $0 $0
GAIL GORE BOARD TREASURER 0.00
Officer Director
$0 $0 $0
JANICE GRIZZARD EXECUTIVE DIRECTOR 35.00
Key Emp
$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
2023 $2,109,431 $428,359 $2,521,544 $1,681,072
2022 $328,129 $235,065 $785,217 $93,064
2021 $250,441 $154,202 $810,736 $96,239
2020 $487,274 $232,436 $606,472 $254,838
2019 $246,570 $208,501 $380,299 $38,069
2018 $251,742 $181,353 $351,658 $70,389
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