EAGLE MARKET STREETS DEVELOPMENT CO

EIN: 582140995 501(c)(3) Arts, Culture & Humanities

ASHEVILLE, NC

Total Revenue
$2,171,926
Total Expenses
$2,623,300
Total Assets
$4,372,082
Net Assets
$2,162,247
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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
1994
Legal Domicile
NC
Tax Period
2023-01-01 to 2023-12-31

EAGLE MARKET STREETS DEVELOPMENT CO, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO DEVELOP PEOPLE, PROPERTY AND BUSINESSES AND ENVISION EQUITABLE, INCLUSIVE SOCIO-ECONOMIC JUSTICE FOR ALL.

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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 $2,043,943
Program Service Revenue $115,181
Investment Income $8,199
Other Revenue $4,603
TOTAL REVENUE $2,171,926

Expense Breakdown

Grants Paid $395,408
Salaries & Benefits $1,039,926
Fundraising Expenses $0
Program Expenses $2,110,851
Other Expenses $1,187,966
TOTAL EXPENSES $2,623,300

Year-over-Year Comparison

2023 2022 Change
Revenue $2,171,926 $3,101,437 -0.3%
Expenses $2,623,300 $2,545,293 +0.0%
Net Income $-451,374 $556,144 -1.8%
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
5
Independent Members
5
Employees
21
Volunteers
9

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
1
$40,608
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE SWEPSON TWITTY PRESIDENT CEO 35.00
Officer
$40,608 $0 $40,608
ROSIE HARRELL BOARD MEMBER 0.00
Director
$0 $0 $0
CAROLINA SILICEO PEREZ BOARD MEMBER 0.00
Director
$0 $0 $0
ELIZABETH RUSSELL TREASURER 0.00
Director
$0 $0 $0
MARVIN CHAMBER CHAIR 0.00
Director
$0 $0 $0
LAJUNE WATERFORD SECRETARY 0.00
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
2024 No data No data No data No data
2023 $2,171,926 $2,623,300 $4,372,082 $-451,374
2022 $3,101,437 $2,545,293 $4,860,691 $556,144
2021 $3,190,331 $1,577,204 $4,740,112 $1,613,127
2021 $3,019,811 $1,749,577 $2,650,057 $1,270,234
2020 $1,282,067 $576,217 $1,314,059 $705,850
2019 $364,359 $263,012 $572,554 $101,347
2018 $366,111 $264,890 $452,880 $101,221
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