FLORENCE, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FLORENCE REGIONAL ARTS ALLIANCE INC, founded in 1984, is a micro nonprofit that reported $74K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $85K exceeded revenue, resulting in a 15% operating deficit.
THE FLORENCE REGIONAL ARTS ALLIANCE IS A COMMUNITY-BASED LOCAL ARTS AGENCY THAT SERVES THE CITIZENS OF FLORENCE COUNTY AND THE PEE DEE. FRAA IS COMMITTED TO PRESERVING, SUPPORTING, AND PROMOTING A VIBRANT ARTS COMMUNITY FOR FLORENCE COUNTY AND THE SURROUNDING REGION. FRAA'S MISSION IS TO PROMOTE THE ARTS AS A CATALYST FOR COMMUNITY COHESIVENESS, EDUCATIONAL ADVANCEMENT, AND ECONOMIC GROWTH.FRAA IS COMMITTED TO ACHIEVING ITS MISSION BY PROVIDING GRANTS TO ARTISTS, ORGANIZATIONS, TEACHERS AND SCHOOLS; RECOGNIZING STUDENTS, INDIVIDUALS, AND BUSINESSES THROUGH AWARDS AND SCHOLARSHIPS; OFFERING COMMUNITY PROGRAMMING THAT SHOWCASES THE PERFORMING, VISUAL, AND LITERARY; SERVING AS A ADVOCATE FOR THE ARTS TO BUSINESS, CIVIC, AND GOVERNMENT LEADERS. ALL INITIATIVES OF THE ARTS ALLIANCE ARE BASED ON AN ORGANIZATIONAL CORE VALUE THAT RECOGNIZES THE ARTS AS FUNDEMENTAL TO QUALITY OF LIFE, EDUCATION, AND ECONOMIC DEVELOPMENT IN TODAY'S KNOWLEDGE BASED ECONOMY.
FINANCIAL SUPPORT OF ESTABLISHED PERFORMING ARTS GROUPS ORGANIZED AND PERFORMING IN THE FLORENCE AREA (ARTS ALIVE, MASTERWORKS CHOIR, FLORENCE SYMPHONY ORCHESTRA, FLORENCE LITTLE THEATRE, ETC.)
FINANCIAL SUPPORT OF THE ARTS IN PUBLIC AND PRIVATE SCHOOLS AND OTHER NON-PROFIT ORGANIZATIONS LOCATED IN THE FLORENCE AREA INCLUDING TEACHER INCENTIVE GRANTS.
BETTY ANN DARBY SCHOLARSHIP, JOHN W BAKER DISTINGUISHED SERVICE AWARD, THE BUSINESS IN ARTS PARTNERSHIP AWARD, AND THE EXCELLENCE IN ARTS EDUCATION AWARD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $73,631 | $78,728 | -0.1% |
| Expenses | $84,670 | $102,655 | -0.2% |
| Net Income | $-11,039 | $-23,927 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TONITA PERRY | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROGER HALLIGAN | IMMEDIATE PAST PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAWN FENIMORE | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RON JAGGERS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAUREN PINER | PRESIDENT ELECT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA COOK | EXECUTIVE DIRECTOR | 20.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $73,631 | $84,670 | $33,283 | $-11,039 |
| 2024 | $78,728 | $102,655 | $42,668 | $-23,927 |
| 2023 | $120,527 | $94,904 | $63,842 | $25,623 |
| 2022 | $115,544 | $121,602 | $36,771 | $-6,058 |
| 2021 | $99,227 | $99,129 | $48,987 | $98 |
| 2020 | $101,105 | $115,346 | $40,088 | $-14,241 |
| 2019 | $121,509 | $114,198 | $57,105 | $7,311 |
Compare FLORENCE REGIONAL ARTS ALLIANCE INC with other nonprofits in South Carolina and across the country.