CRAVEN ARTS COUNCIL AND GALLERYINC (EIN 581404792) - 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

1980

Legal Domicile

Principal Officer

SHARON BRYANT

Phone

2526382577

Tax Period

2022-07-01 to 2023-06-30

CRAVEN ARTS COUNCIL AND GALLERYINC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $274K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE CRAVEN ARTS COUNCIL AND GALLERY, INC. IS TO CREATE AN ENVIRONMENT WHERE THE ARTS THRIVE, BRING JOY, AND ENRICH THE CULTURAL EXPERIENCE IN OUR COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $201,189

Program Service Revenue $28,359

Investment Income $27

Other Revenue $44,823

TOTAL REVENUE $274,398

Expense Breakdown

Grants Paid $59,126

Salaries & Benefits $130,458

Fundraising Expenses $0

Program Expenses $245,172

Other Expenses $106,689

TOTAL EXPENSES $296,273

Year-over-Year Comparison

	2022	2021	Change
Revenue	$274,398	$227,345	+0.2%
Expenses	$296,273	$243,059	+0.2%
Net Income	$-21,875	$-15,714	+0.4%

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

100

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
ANTOINETTE BOSKEY-CHADWICK	SECRETARY	3.00	Officer Director	$0	$0	$0
RENATA BREWINGTON	DIRECTOR	3.00	Director	$0	$0	$0
BARBARA BROWN	DIRECTOR	5.00	Director	$0	$0	$0
SHARON BRYANT	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT CARR	DIRECTOR	1.00	Director	$0	$0	$0
DRE'NIX	DIRECTOR	1.00	Director	$0	$0	$0
STEVE KELLY	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE LITTLE	DIRECTOR	2.00	Director	$0	$0	$0
TALINA MASSEY	DIRECTOR	1.00	Director	$0	$0	$0
MATT MCCOTTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER MCCRUDDEN	TREASURER	3.00	Officer Director	$0	$0	$0
NELSON MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
KATHY PATTON	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA POLO	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE RICHEY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA ROCCI	DIRECTOR	1.00	Director	$0	$0	$0
LINDA STAUNCH	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$274,398	$296,273	$529,043	$-21,875
2022	$227,345	$243,059	$542,258	$-15,714
2021	$345,445	$290,783	$580,130	$54,662
2020	$228,548	$224,519	$396,323	$4,029
2019	$186,078	$203,673	$371,556	$-17,595

CRAVEN ARTS COUNCIL AND GALLERYINC