CHEROKEE COUNTY ARTS COUNCIL INC (EIN 581804736) - 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

2003

Legal Domicile

Principal Officer

TINA KELL

Tax Period

2021-07-01 to 2022-06-30

CHEROKEE COUNTY ARTS COUNCIL INC, founded in 2003, is a small nonprofit that reported $115K in total revenue in fiscal year 2021. Expenses of $140K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ENRICH THE QUALITY OF LIFE OF THE RESIDENTS OF THE SURROUNDING COMMUNITY BY PROMOTING, DEVELOPING AND COORDINATING ELECELLENCE IN THE ARTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $46,375

Program Service Revenue $25,927

Investment Income $0

Other Revenue $42,424

TOTAL REVENUE $114,726

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,669

Other Expenses $140,105

TOTAL EXPENSES $140,105

Year-over-Year Comparison

	2021	2020	Change
Revenue	$114,726	$116,443	0.0%
Expenses	$140,105	$82,045	+0.7%
Net Income	$-25,379	$34,398	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA KELL	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JOSHAU WELCH	TREASURER	20.00	Officer	$0	$0	$0
KIM BATES	SECRETARY	5.00	Officer	$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
2022	$114,726	$140,105	$63,333	$-25,379
2021	$116,443	$82,045	$92,066	$34,398
2020	$176,198	$204,610	$59,068	$-28,412
2019	$187,691	$212,222	$64,059	$-24,531

CHEROKEE COUNTY ARTS COUNCIL INC