HAYWOOD COUNTY ARTS COUNCIL INC (EIN 581322291) - 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

TONYA HARWOOD

Phone

8284520593

Tax Period

2023-07-01 to 2024-06-30

HAYWOOD COUNTY ARTS COUNCIL INC, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $382K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year.

Mission

OUR MISSION IS TO BUILD PARTNERSHIPS THAT PROMOTE ART AND ARTISTS, EXPLORE NEW CULTURAL OPPORTUNITIES AND PRESERVE OUR MOUNTAIN ARTISTIC HERITAGE.

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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 $185,394

Program Service Revenue $184,646

Investment Income $10,580

Other Revenue $1,840

TOTAL REVENUE $382,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,691

Fundraising Expenses $1,607

Program Expenses $284,102

Other Expenses $325,121

TOTAL EXPENSES $374,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$382,460	$475,454	-0.2%
Expenses	$374,812	$386,157	0.0%
Net Income	$7,648	$89,297	-0.9%

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

175

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

$43,270

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONYA HARWOOD	EXECUTIVE DI	40.00	Officer	$43,270	$0	$43,270
BARBARA BROOK	DIRECTOR	1.00	Director	$0	$0	$0
SARAH CORTVRIEND	DIRECTOR	1.00	Director	$0	$0	$0
KATHY DEORNELLAS	SECRETARY	2.00	Officer Director	$0	$0	$0
CUP HARRISON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
STEPHANIE KEA	DIRECTOR	1.00	Director	$0	$0	$0
ALISON PARKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON PIERSON	DIRECTOR	1.00	Director	$0	$0	$0
EMILY REASON	DIRECTOR	1.00	Director	$0	$0	$0
LISA TOWNSEND	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANI WATTS	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA WINN	DIRECTOR	1.00	Director	$0	$0	$0
TIM WISE	TREASURER	2.00	Officer Director	$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	$382,460	$374,812	$332,147	$7,648
2023	$475,454	$386,157	$324,648	$89,297
2022	$377,442	$316,223	$230,439	$61,219
2021	$360,555	$213,184	$182,850	$147,371

HAYWOOD COUNTY ARTS COUNCIL INC