Preservation Society of Asheville & Buncombe County Inc

EIN: 591768097 501(c)(3) Arts, Culture & Humanities

Asheville, NC

Total Revenue
$650,019
Total Expenses
$427,614
Total Assets
$1,937,465
Net Assets
$1,925,563
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
William Eakins
Phone
8282542343
Tax Period
2023-07-01 to 2024-06-30

Preservation Society of Asheville & Buncombe County Inc, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $650K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 34% operating margin.

Mission

To conserve Asheville and Buncombe Countys heritage and sense of place through preservation and promotion of the regions historic resources.

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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 $621,238
Program Service Revenue $14,455
Investment Income $32,189
Other Revenue $-17,863
TOTAL REVENUE $650,019

Expense Breakdown

Grants Paid $56,724
Salaries & Benefits $242,343
Fundraising Expenses $32,894
Program Expenses $353,488
Other Expenses $128,547
TOTAL EXPENSES $427,614

Year-over-Year Comparison

2023 2022 Change
Revenue $650,019 $504,379 +0.3%
Expenses $427,614 $296,698 +0.4%
Net Income $222,405 $207,681 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
4
Volunteers
100

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
$88,619
Total Directors
15
$450
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessie Landl Executive Director 40.00
Officer
$75,887 $12,282 $88,169
Josi Ward President 2.00
Officer Director
$450 $0 $450
Bruce Johnson Vice President 1.00
Officer Director
$0 $0 $0
Betty Lawrence Secretary 1.00
Officer Director
$0 $0 $0
William Eakins Treasurer 2.00
Officer Director
$0 $0 $0
Lauren Henry Board Member 1.00
Director
$0 $0 $0
Carol Hensley Board Member 1.00
Director
$0 $0 $0
Katie Adams Board Member 1.00
Director
$0 $0 $0
Heath Towson Board Member 1.00
Director
$0 $0 $0
Dale Slusser Board Member 1.00
Director
$0 $0 $0
Cynthia Watson Board Member 1.00
Director
$0 $0 $0
Kieta Osteen-Cochrane Board Member 1.00
Director
$0 $0 $0
Cate Scales Board Member 1.00
Director
$0 $0 $0
Thomas Frank Board Member 1.00
Director
$0 $0 $0
David Bedingfield Board Member 1.00
Director
$0 $0 $0
Michael Logan Board Member 1.00
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
2025 No data No data No data No data
2024 $650,019 $427,614 $1,937,465 $222,405
2023 $504,379 $296,698 $1,697,568 $207,681
2022 $855,257 $261,928 $1,513,729 $593,329
2021 $134,352 $221,679 $879,256 $-87,327
2020 $325,440 $207,359 $976,229 $118,081
2019 $496,251 $199,049 $881,804 $297,202
2018 $393,425 $134,273 $587,255 $259,152
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