The Arts Council of Henderson County Inc (EIN 581430933) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Tola Sun Mueller

Phone

8286938504

Tax Period

2024-07-01 to 2025-06-30

The Arts Council of Henderson County Inc, founded in 1978, is a small nonprofit that reported $217K in total revenue in fiscal year 2024. Expenses of $257K exceeded revenue, resulting in a 19% operating deficit.

Mission

The Arts Council of Henderson County is a community organization that promotes advocates for and nurtures the arts in Henderson County and western North Carolina.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $215,779

Program Service Revenue $825

Investment Income $28

Other Revenue $0

TOTAL REVENUE $216,632

Expense Breakdown

Grants Paid $62,725

Salaries & Benefits $97,143

Fundraising Expenses $43,594

Program Expenses $182,706

Other Expenses $97,514

TOTAL EXPENSES $257,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,632	$202,984	+0.1%
Expenses	$257,382	$215,057	+0.2%
Net Income	$-40,750	$-12,073	+2.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$42,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Melissa Ailiff	Executive Director	40.00	Officer	$42,308	$0	$42,308
Tola Sun Mueller	Chairman - Treasurer	4.00	Officer Director	$0	$0	$0
Brett Hargis	Vice Chairman - Secretary	2.00	Officer Director	$0	$0	$0
David Adler	Board Member	2.00	Director	$0	$0	$0
Aaron Bernard	Board Member	2.00	Director	$0	$0	$0
Gerald Fitzgerald	Board Member	2.00	Director	$0	$0	$0
James Gorsuch	Board Member	2.00	Director	$0	$0	$0
Angela Prodrick	Board Member	2.00	Director	$0	$0	$0
Michele Sparks	Board Member	2.00	Director	$0	$0	$0
Brittany Sumner	Board Member	2.00	Director	$0	$0	$0
Gary Tester	Board Member	2.00	Director	$0	$0	$0
Simone Wood	Board Member	2.00	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	$216,632	$257,382	$70,071	$-40,750
2024	$202,984	$215,057	$106,147	$-12,073
2020	$232,132	$168,185	$79,474	$63,947

The Arts Council of Henderson County Inc