BLACK MOUNTAIN COLLEGE MUSEUM AND

EIN: 582105570 501(c)(3) Arts, Culture & Humanities

ASHEVILLE, NC

Total Revenue
$1,822,883
Total Expenses
$607,614
Total Assets
$2,410,284
Net Assets
$2,408,511
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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
1993
Legal Domicile
NC
Tax Period
2023-01-01 to 2023-12-31

BLACK MOUNTAIN COLLEGE MUSEUM AND, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 142% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 67% operating margin.

Mission

EDUCATE THE GENERAL PUBLIC TO THE ARTS AT BLACK MOUNTAIN COLLEGE

Program Service Accomplishments

Program 1
Expenses: $607,614

EDUCATE AND ENLIGHTEN THE GENERAL PUBLIC TO THE ARTSAT BLACK MOUNTAIN COLLEGE BY NON PROFIT ART GALLERYAND MUSEUM EXHIBITS OF PAINTINGS, DRAWINGS, SCULPTURE,PHOTOS ETC BY ARTISTS WHO ATTENDED BLACK...

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EDUCATE AND ENLIGHTEN THE GENERAL PUBLIC TO THE ARTSAT BLACK MOUNTAIN COLLEGE BY NON PROFIT ART GALLERYAND MUSEUM EXHIBITS OF PAINTINGS, DRAWINGS, SCULPTURE,PHOTOS ETC BY ARTISTS WHO ATTENDED BLACK MOUNTAINCOLLEGE

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,775,928
Program Service Revenue $0
Investment Income $13,362
Other Revenue $33,593
TOTAL REVENUE $1,822,883

Expense Breakdown

Grants Paid $0
Salaries & Benefits $183,304
Fundraising Expenses $0
Program Expenses $607,614
Other Expenses $424,310
TOTAL EXPENSES $607,614

Year-over-Year Comparison

2023 2022 Change
Revenue $1,822,883 $753,881 +1.4%
Expenses $607,614 $632,204 0.0%
Net Income $1,215,269 $121,677 +9.0%
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

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Governance

Voting Members
22
Independent Members
22
Employees
5
Volunteers
N/A

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
5
$0
Total Directors
20
$63,000
Key Employees
1
$63,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF ARNAL EXECUTIVE DIRECTOR 40.00
Director Key Emp
$63,000 $0 $63,000
JOHN BYRD BOARD MEMBER 1.00
Director
$0 $0 $0
LEIGH MAHER BOARD MEMBER 1.00
Director
$0 $0 $0
NAN ZANDER BOARD MEMBER 1.00
Director
$0 $0 $0
MARY H THOMPSON DIRECTOR EMERITA 1.00
Director
$0 $0 $0
CHERRY L SAENGER BOARD MEMBER 1.00
Director
$0 $0 $0
HEDY FISCHER BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD CHESS BOARD MEMBER 1.00
Director
$0 $0 $0
ALICE SEBRELL PROGRAM DIRECTOR 36.00
Director
$0 $0 $0
DAVE PEIFER BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD CARSON BOARD MEMBER 1.00
Director
$0 $0 $0
BLAISE DEFRANCEAUX BOARD MEMBER 1.00
Director
$0 $0 $0
MARCIA COHEN BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA WILES BOARD MEMBER 1.00
Director
$0 $0 $0
MATT CHAMBERS BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA S TUITE TREASURER 1.00
Officer Director
$0 $0 $0
CURT CLONINGER SECRETARY 1.00
Officer Director
$0 $0 $0
SYDNEY GREEN CO VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL MANES CO VICE CHAIR 1.00
Officer Director
$0 $0 $0
ROB PULLEYN CHAIR 1.00
Officer 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
2024 No data No data No data No data
2023 $1,822,883 $607,614 $2,410,284 $1,215,269
2022 $753,881 $632,204 $1,152,413 $121,677
2021 $544,334 $465,857 $1,030,915 $78,477
2021 $544,334 $465,857 $1,030,915 $78,477
2021 $544,334 $465,857 $1,030,915 $78,477
2020 $460,281 $423,793 $863,613 $36,488
2019 $399,861 $526,885 $765,548 $-127,024
2018 $767,938 $525,684 $884,414 $242,254
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