THE AVERITT CENTER FOR THE ARTS INC (EIN 582647779) - 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

2004

Legal Domicile

Principal Officer

AMANDA BURKHALTER

Phone

9122122787

Tax Period

2023-07-01 to 2024-06-30

THE AVERITT CENTER FOR THE ARTS INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $985K left a modest 14% surplus.

Mission

TO PROVIDE QUALITY ARTS OPPORTUNITIES FOR OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $616,129

Program Service Revenue $524,825

Investment Income $5

Other Revenue $2,927

TOTAL REVENUE $1,143,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $450,365

Fundraising Expenses $0

Program Expenses $916,882

Other Expenses $534,745

TOTAL EXPENSES $985,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,143,886	$1,009,228	+0.1%
Expenses	$985,110	$1,014,444	0.0%
Net Income	$158,776	$-5,216	-31.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOKE BRUNSON	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA BURKHALTER	TREASURER	N/A	Officer Director	$0	$0	$0
RALPH COWART	VICE PRESIDE	N/A	Director	$0	$0	$0
DELORES GROOMES DICKEY	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT FALLER	EXECUTIVE DI	N/A	Director	$0	$0	$0
RESSIE FULLER	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH WOMACK JOINER	DIRECTOR	N/A	Director	$0	$0	$0
TRACY JOINER	PRESIDENT	N/A	Director	$0	$0	$0
BURNEY MARSH	SECRETARY &	N/A	Officer Director	$0	$0	$0
TRISH TOOTLE	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$1,143,886	$985,110	$923,193	$158,776
2023	$1,009,228	$1,014,444	$807,587	$-5,216
2022	$1,396,204	$979,798	$841,974	$416,406
2021	$869,263	$854,158	$593,087	$15,105
2020	$875,121	$932,932	$540,740	$-57,811

THE AVERITT CENTER FOR THE ARTS INC