ROWAN ARTS COUNCIL INC (EIN 581309306) - 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

1977

Legal Domicile

Principal Officer

BILL GREENE

Phone

7042323497

Tax Period

2024-07-01 to 2025-06-30

ROWAN ARTS COUNCIL INC, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $186K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO RAISE FUNDS FOR CULTURAL ARTS FOR ARTS & CULTURAL ORGANIZATIONS WITHIN ROWAN COUNTY. TO GRANT OUT FUNDS TO ARTS & CULTURAL ORGANIZATIONS FOR THE CREATIVE ARTS, ADVANCE ARTS EDUCATION AND DEVELOPMENT OF THE SALISBURY/ROWAN CULTURAL COMMUNITY TO ITS GREATEST POTENTIAL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $185,660

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $185,660

Expense Breakdown

Grants Paid $161,851

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,966

Other Expenses $55,497

TOTAL EXPENSES $217,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,660	$256,926	-0.3%
Expenses	$217,348	$229,391	-0.1%
Net Income	$-31,688	$27,535	-2.2%

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
BILL GREENE	CHAIR	N/A	Officer	$0	$0	$0
TONYA CROSS	VICE CHAIR	N/A	Officer	$0	$0	$0
CHARLIE BOGART	TREASURER	N/A	Officer	$0	$0	$0
ASHLEY HENDERSON	SECRETARY	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	$185,660	$217,348	$3,988	$-31,688
2024	$256,926	$229,391	$34,342	$27,535
2023	$212,181	$216,624	$6,807	$-4,443
2022	$127,967	$128,573	$11,252	$-606
2021	$288,751	$286,798	$11,858	$1,953

ROWAN ARTS COUNCIL INC