ASHE COUNTY ARTS COUNCIL INC

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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

1978

Legal Domicile

Principal Officer

JONI RAY

Phone

3368462787

Tax Period

2023-07-01 to 2024-06-30

ASHE COUNTY ARTS COUNCIL INC, founded in 1978, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 184% from the prior year, signaling strong growth momentum. The organization ran a surplus of $740K, a strong 56% operating margin.

Mission

THE ASHE COUNTY ARTS COUNCIL EXISTS TO ENRICH THE CULTURAL LIFE OF ASHE COUNTY BY NURTURING AND SUPPORTING THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $401,374

THE ASHE COUNTY ARTS COUNCIL, SPONSORS COMMUNITY CONCERTS AND PROGRAMS, SCHOOL ARTS ASSEMBLY PROGRAMS, AND THE JUNIOR APPALACHIAN MUSICIANS PROGRAM IN ALL 3 ELEMENTARY SCHOOLS AS WELL AS MANY OTHER EVENTS. THE GALLERY AND GALLERY SHOP FEATURED WORK OF MANY LOCAL AND REGIONAL ARTISTS AND CRAFTS PEOPLE.

Program 2

Expenses: $95,341

THROUGHOUT OUR 2023-2024 FISCAL YEAR, WE HOSTED MYRIAD PROGRAMS AND EVENTS AT OUR SECONDARY FACILITY THE ASHE CIVIC CENTER. DURING THAT TIME, WE WELCOMED CHILDREN TO ENGAGE WITH THE PERFORMING ARTS THROUGH OUR JAM EDUCATIONAL CLASSES AND OUR MISSOULA CHILDRENS THEATRE RESIDENCY. WE PARTNERED WITH THE ASHE COUNTY LITTLE THEATRE TO HOST PERFORMANCES AND REHEARSALS OF A CHRISTMAS CAROL, FIDDLER ON THE ROOF, AND CHAIRMEN OF THE BOARD. WE HELD CONCERTS, WORKSHOPS, AND MEETINGS WITH MUSICIANS INCLUDING, BUT NOT LIMITED TO THE KRUGER BROTHERS , THE TANNAHILL WEAVERS, RALPH STANLEY, WAYNE HENDERSON, DELLA MAE, AND THE ALLEN BOYS. ADDITIONALLY, WE WORKED WITH THE CHAMBER OF COMMERCE TO HOST THE BLUE RIDGE BRUTAL BICYCLE RACE - A TOURIST DRAW TO OUR RURAL REGION - AT THE CIVIC CENTER.

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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 $1,198,417

Program Service Revenue $71,337

Investment Income $8,347

Other Revenue $36,264

TOTAL REVENUE $1,314,365

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $146,814

Fundraising Expenses $2,533

Program Expenses $496,715

Other Expenses $425,952

TOTAL EXPENSES $574,016

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,314,365	$462,557	+1.8%
Expenses	$574,016	$498,084	+0.2%
Net Income	$740,349	$-35,527	-21.8%

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

$47,628

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONI RAY	EXECUTIVE DIRECTOR	040.00	Key Emp	$47,628	$0	$47,628
THERESA EARLY CURD	DIRECTOR	000.25	Director	$0	$0	$0
AMBER DILLINGHAM	DIRECTOR	000.25	Director	$0	$0	$0
LYNNE DAVE EASTBURN	DIRECTOR	000.50	Director	$0	$0	$0
RICHARD EDMONDSON	DIRECTOR	000.25	Director	$0	$0	$0
KAREN HALL	PRESIDENT	000.50	Officer Director	$0	$0	$0
BARB NASER	SECRETARY	000.50	Officer Director	$0	$0	$0
ELLIE PERZEL	DIRECTOR	000.25	Director	$0	$0	$0
JOHN LUCY SMYRE	DIRECTOR	001.00	Director	$0	$0	$0
BECKY STRAGAND	DIRECTOR	000.25	Director	$0	$0	$0
DELLA VODENICKER	DIRECTOR	000.25	Director	$0	$0	$0
KIMBERLY PERZEL	DIRECTOR	000.25	Director	$0	$0	$0
LYNN REES-JONES	VICE PRESIDENT	000.25	Director	$0	$0	$0
TOM TRUXAL	VICE PRESIDENT	000.50	Officer Director	$0	$0	$0
EVA INGLE	TREASURER	000.50	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	$1,314,365	$574,016	$1,372,297	$740,349
2023	$462,557	$498,084	$547,504	$-35,527
2022	$779,202	$341,924	$580,819	$437,278
2021	$305,928	$267,954	$158,327	$37,974
2020	$330,046	$399,955	$121,508	$-69,909