LUTHER F CARSON FOUR RIVERS CENTER… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

MEAGEN HOGANCAMP

Phone

2704439932

Tax Period

2023-07-01 to 2024-06-30

LUTHER F CARSON FOUR RIVERS CENTER INC, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.9M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $63.8M represent 130 months of operating reserves.

Mission

THE MISSION OF THE LUTHER F. CARSON FOUR RIVERS CENTER (THE CARSON CENTER FOR THE PERFORMING ARTS) IS TO ENHANCE THE QUALITY OF LIFE IN THE FOUR RIVERS REGION AS A LEADER IN PRESENTING EXCEPTIONAL LIVE PERFORMANCES AND CULTURAL EXPERIENCES THAT ARE ENTERTAINING, EDUCATIONAL, AND ECONOMICALLY BENEFICIAL FOR OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,353,069 Revenue: $4,929,548

THE CARSON CENTER IS A REGIONAL PERFORMING ARTS CENTER THAT PRESENTS PERFORMANCES AND PROGRAMS FOR AUDIENCES OF ALL AGES THROUGHOUT THE YEAR. ALMOST ALL ARE PART OF NATIONAL TOURS BY PROFESSIONAL...

THE CARSON CENTER IS A REGIONAL PERFORMING ARTS CENTER THAT PRESENTS PERFORMANCES AND PROGRAMS FOR AUDIENCES OF ALL AGES THROUGHOUT THE YEAR. ALMOST ALL ARE PART OF NATIONAL TOURS BY PROFESSIONAL PERFORMING ARTISTS. THE CARSON CENTER ALSO WORKS WITH LOCAL ARTISTS, TEACHERS, AND LIBRARIANS TO HOST ARTS-EDUCATION AND AUDIENCE ENGAGEMENT EXPERIENCES FOR CHILDREN, YOUTH, AND ADULTS AT THE CENTER AND IN THE COMMUNITY. THE LIVE PERFORMANCES AT THE CARSON CENTER INCLUDE BROADWAY PRODUCTIONS, CONCERTS, COMEDIANS, PLAYS BY THEATRE COMPANIES, DANCE, AND ENTERTAINMENT FOR CHILDREN AND FAMILIES. SINCE THE CARSON CENTER'S OPENING IN 2004, ALMOST 2 MILLION PEOPLE FROM THROUGHOUT THE NATION HAVE VISITED THE FACILITY FOR ITS PERFORMANCES, SPECIAL PROGRAMS, AND EVENTS.

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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 $795,595

Program Service Revenue $3,707,199

Investment Income $1,222,349

Other Revenue $150,921

TOTAL REVENUE $5,876,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,880,691

Fundraising Expenses $185,422

Program Expenses $4,353,069

Other Expenses $4,335,127

TOTAL EXPENSES $6,215,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,876,064	$8,140,961	-0.3%
Expenses	$6,215,818	$5,158,118	+0.2%
Net Income	$-339,754	$2,982,843	-1.1%

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

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

220

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

$261,141

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA BRIGHT CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LIVINGSTON	DIRECTOR	1.00	Officer Director	$0	$0	$0
LINDA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DONA RAINS	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL STONE	CHAIRMAN, EMERITUS	1.00	Director	$0	$0	$0
SANDRA WILSON	CHAIR	1.00	Officer Director	$0	$0	$0
BASIL DROSSOS	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARIOWEN REED	DIRECTOR	1.00	Director	$0	$0	$0
CLAY HOWERTON	DIRECTOR	1.00	Director	$0	$0	$0
BETH HUNT	DIRECTOR	1.00	Director	$0	$0	$0
ROY RILEY	DIRECTOR	1.00	Officer Director	$0	$0	$0
EDWARD HELY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TOM DECILLIS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BRAY	DIRECTOR, EX-OFFICIO	1.00	Director	$0	$0	$0
CRAIG CLYMER	DIRECTOR, EX-OFFICIO	1.00	Director	$0	$0	$0
WILL BLACK	DIRECTOR	1.00	Director	$0	$0	$0
WENDY ELROD	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID CULBERTSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
ANGELA COPELAND	DIRECTOR	1.00	Director	$0	$0	$0
VAN TRAN MEEKS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GRUMLEY	DIRECTOR	1.00	Director	$0	$0	$0
BETH HAAS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE REID	DIRECTOR	1.00	Director	$0	$0	$0
BOB TUROK	DIRECTOR	1.00	Director	$0	$0	$0
CARL LEBUHN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WILLIAMS JR	DIRECTOR	1.00	Director	$0	$0	$0
MARY KATZ	EXECUTIVE DIRECTOR	40.00	Officer	$186,031	$0	$186,031
MEAGEN HOGANCAMP	DIRECTOR OF FINANCE	40.00	Officer	$75,110	$0	$75,110

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	$5,876,064	$6,215,818	$64,758,934	$-339,754
2023	$8,140,961	$5,158,118	$62,983,866	$2,982,843
2022	$5,458,266	$3,965,725	$59,072,684	$1,492,541
2021	$3,377,451	$2,476,115	$62,637,965	$901,336
2020	$3,629,463	$4,163,895	$57,845,247	$-534,432
2019	$4,072,947	$4,646,550	$58,025,699	$-573,603

LUTHER F CARSON FOUR RIVERS CENTER INC