WATAUGA COUNTY ARTS COUNCIL

EIN: 581468962 501(c)(3)

Boone, NC

Total Revenue
$235,941
Total Expenses
$221,299
Total Assets
$279,731
Net Assets
$130,888
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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
1981
Legal Domicile
NC
Phone
8282641789
Tax Period
2024-07-01 to 2025-06-30

WATAUGA COUNTY ARTS COUNCIL, founded in 1981, is a small nonprofit that reported $236K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $221K left a modest 6% surplus.

Mission

TO SPONSOR AND ENCOURAGE THE CULTURAL ARTS IN WATAUGA COUNTY NC

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $190,416
Program Service Revenue $32,404
Investment Income $941
Other Revenue $12,180
TOTAL REVENUE $235,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,118
Fundraising Expenses $12,086
Program Expenses $176,386
Other Expenses $134,181
TOTAL EXPENSES $221,299

Year-over-Year Comparison

2024 2023 Change
Revenue $235,941 $248,403 -0.1%
Expenses $221,299 $214,953 +0.0%
Net Income $14,642 $33,450 -0.6%
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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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
15

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
4
$0
Total Directors
17
$38,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMBER BATEMAN EXECUTIVE DIRECTOR 40.00
Director
$38,000 $0 $38,000
GABE WILSON BOARD MEMBER 3.00
Director
$0 $0 $0
COURTNEY WHEELER VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
ALYSA CANTOR PRESIDENT 3.00
Officer Director
$0 $0 $0
LEILA JACKSON BOARD MEMBER 3.00
Director
$0 $0 $0
TOMMY LEE BOARD MEMBER 3.00
Director
$0 $0 $0
ANDREA CONNELL BOARD MEMBER 3.00
Director
$0 $0 $0
DANIEL SULLIVAN TREASURER 3.00
Officer Director
$0 $0 $0
LAUREN AMBRUST INTERIM SECREATARY 3.00
Officer Director
$0 $0 $0
CHRIS GRASINGER BOARD MEMBER 3.00
Director
$0 $0 $0
BETH SHANKLIN BOARD MEMBER 3.00
Director
$0 $0 $0
JERRY CANTWELL BOARD MEMBER 3.00
Director
$0 $0 $0
AMANDA BASS BOARD MEMBER 3.00
Director
$0 $0 $0
JENNIFER HERMAN BOARD MEMBER 3.00
Director
$0 $0 $0
KRISTA HOLT BOARD MEMBER 3.00
Director
$0 $0 $0
SETH PERRY BOARD MEMBER 3.00
Director
$0 $0 $0
SHANE DAVIS BOARD MEMBER 3.00
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 $235,941 $221,299 $279,731 $14,642
2024 $248,403 $214,953 $265,343 $33,450
2023 $214,614 $205,213 $127,111 $9,401
2022 $217,746 $171,287 $140,111 $46,459
2021 $134,355 $126,038 $93,954 $8,317
2020 $93,218 $90,551 $42,828 $2,667
2019 $100,798 $99,662 $36,577 $1,136
2018 $134,104 $105,820 $31,055 $28,284
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