ARTS ACCESS INCORPORATED

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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

1984

Legal Domicile

Principal Officer

ALIANA RAMOS

Phone

9198339919

Tax Period

2024-07-01 to 2025-06-30

ARTS ACCESS INCORPORATED, founded in 1984, is a small nonprofit that reported $159K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $326K exceeded revenue, resulting in a 104% operating deficit.

Mission

TO ENABLE NORTH CAROLINIANS WITH DISABILITIES TO HAVE FULL ACCESS TO ARTS PROGRAMS AND FACILITIES, AND TO ENCOURAGE THEM TO PARTICIPATE FULLY IN THE RICH CULTURAL AND ARTISTIC LIFE THROUGHOUT THE STATE.

Program Service Accomplishments

Program 1

Expenses: $90,978

RACIAL EQUITY AND DISABILITY - REIMAGINING POLICIES, PROCEDURES, AND PRACTICES TO CREATE EQUITABLE OPPORTUNITIES IN PROGRAMMING FOR PEOPLE WITH DISABILITIES.

Program 2

Expenses: $75,530 Revenue: $23,175

AUDIO DESCRIPTION - PROVIDE AUDIO DESCRIPTION SERVICES TO THEATERS SO PATRONS WHO ARE BLIND OR HAVE LOW VISION CAN EXPERIENCE PERFORMANCES.

Program 3

Expenses: $33,463 Revenue: $3,497

TRAINING & EDUCATION - PROVIDE A VARIETY OF TRAINING COURSES, WORKSHOPS AND EVALUATIONS FOR BUSINESSES TO PROMOTE ACCESSIBILITY AWARENESS FOR ARTS ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,540

Program Service Revenue $27,563

Investment Income $1,072

Other Revenue $-23,891

TOTAL REVENUE $159,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,604

Fundraising Expenses $23,540

Program Expenses $257,453

Other Expenses $138,006

TOTAL EXPENSES $325,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,284	$190,041	-0.2%
Expenses	$325,610	$320,405	+0.0%
Net Income	$-166,326	$-130,364	+0.3%

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

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

$79,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DAVIS PETELINZ	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT PARRISH	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
KATE PETERSON	TREASURER	2.00	Officer Director	$0	$0	$0
ELLEN FORT	DIRECTOR	1.00	Director	$0	$0	$0
JULIA MEDER	DIRECTOR	1.00	Director	$0	$0	$0
EMILY LIGON	SECRETARY	2.00	Officer Director	$0	$0	$0
JEAN GREY MOHS	DIRECTOR	1.00	Director	$0	$0	$0
ALIANA RAMOS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SAMUEL	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN BAGNALL	EXECUTIVE DIRECTOR	40.00	Officer	$79,000	$0	$79,000

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	$159,284	$325,610	$243,677	$-166,326
2024	$190,041	$320,405	$436,527	$-130,364
2023	$470,113	$281,748	$409,618	$188,365
2022	$183,868	$260,261	$227,291	$-76,393
2021	$160,212	$217,254	$300,955	$-57,042
2020	$520,528	$220,621	$372,904	$299,907
2018	$252,334	$164,537	$111,453	$87,797