RALEIGH, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARTSPLOSURE THE RALEIGH ARTS FESTIVAL, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $875K left a modest 14% surplus.
TO IMPROVE THE QUALITY OF LIFE AND CULTURAL ENVIRONMENT THROUGH HIGH QUALITY ANNUAL EVENTS THAT CELEBRATE EXCELLENCE IN THE PERFORMING AND VISUAL ARTS; PROMOTE AND RECOGNIZE LOCAL, REGIONAL, AND NATIONAL ARTISTS; AND BRING ARTISTS AND THE GREATER COMMUNITY TOGETHER.
PROMOTING ARTS AND ARTS AWARENESS IN THE CITY OF RALEIGH THROUGH THE PRODUCTION OF ARTS FESTIVALS. DONATED PROGRAM SERVICES NOT INCLUDED IN CONTRIBUTIONS OR EXPENSE TOTALED $158,000.
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 | $1,017,529 | $760,229 | +0.3% |
| Expenses | $875,197 | $922,840 | -0.1% |
| Net Income | $142,332 | $-162,611 | -1.9% |
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 |
|---|---|---|---|---|---|---|
| CHRISTOPHER DUMAIS | IMMEDIATE PAST PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER NUSBAUM | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER CHAMPION | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLYMER CEASE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN-CABELL BAUM | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEDIDIAH GANT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WEBB HART | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH HEDRICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA HILL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KACY HUNT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANGELA MCKAY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS MOUTOS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN MURPHY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRITT CARTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DANIEL MICHAEL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NICK NEPTUNE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARMEN PREVETTE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN RIEK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM ROTHSCHILD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MADELINE CRONE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,017,529 | $875,197 | $318,534 | $142,332 |
| 2024 | $760,229 | $922,840 | $167,543 | $-162,611 |
| 2023 | $859,851 | $917,389 | $338,968 | $-57,538 |
| 2022 | $898,674 | $889,227 | $366,872 | $9,447 |
| 2021 | $443,345 | $456,110 | $505,121 | $-12,765 |
| 2020 | $718,744 | $526,557 | $381,502 | $192,187 |
| 2019 | $722,319 | $721,928 | $189,524 | $391 |
Compare ARTSPLOSURE THE RALEIGH ARTS FESTIVAL with other nonprofits in North Carolina and across the country.