DOGWOOD ARTS INC

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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

1961

Legal Domicile

Principal Officer

ASHLEIGH CHRISTIAN

Phone

8656374561

Tax Period

2024-07-01 to 2025-06-30

DOGWOOD ARTS INC, founded in 1961, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

DOGWOOD ARTS, INC. IS A NOT-FOR-PROFIT ORGANIZATION CREATED IN 1961 TO PROMOTE AND CELEBRATE OUR REGION'S ARTS, CULTURE, AND NATURAL BEAUTY.

Program Service Accomplishments

Program 1

Expenses: $1,991,616 Revenue: $749,041

THE ORGANIZATION PROVIDED VARIOUS ACTIVITIES AND EVENTS TO OVER A QUARTER OF A MILLION PEOPLE OF ALL AGES. THESE EVENTS CONSISTED OF ART COMPETITIONS, ART EXHIBITIONS AND STUDIO TOURS, MUSICAL AND...

THE ORGANIZATION PROVIDED VARIOUS ACTIVITIES AND EVENTS TO OVER A QUARTER OF A MILLION PEOPLE OF ALL AGES. THESE EVENTS CONSISTED OF ART COMPETITIONS, ART EXHIBITIONS AND STUDIO TOURS, MUSICAL AND DRAMATIC PERFORMANCES, CRAFT SHOWS, NEIGHBORHOOD AND GARDEN TOURS, EDUCATIONAL EXPERIENCES, FOOD FAIRS, AND A HOUSE AND GARDEN SHOW.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,087,283

Program Service Revenue $749,041

Investment Income $1,351

Other Revenue $0

TOTAL REVENUE $1,837,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,698

Fundraising Expenses $60,822

Program Expenses $1,991,616

Other Expenses $1,721,178

TOTAL EXPENSES $2,194,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,837,675	$2,175,698	-0.2%
Expenses	$2,194,876	$2,047,200	+0.1%
Net Income	$-357,201	$128,498	-3.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

365

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

$109,765

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BOWEN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
ASHLEIGH CHRISTIAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMIE DAVIS	TREASURER	2.00	Officer Director	$0	$0	$0
KASSANDRA RICHARDSON	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
KYLE BASILA	AT LARGE	1.00	Director	$0	$0	$0
KATHY BROWN	SECRETARY	2.00	Officer Director	$0	$0	$0
ELIZABETH CARROLL	BOARD MEMBER	1.00	Director	$0	$0	$0
AMIE COHORST	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA EMERT	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBY MCCARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE CARPER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK EMMETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSS GOODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALFONSO CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIAN PEARCE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY JENKINS	EXECUTIVE DIRECTOR	50.00	Director	$109,765	$0	$109,765
DREW MCKENNA	BOARD MEMBER	1.00	Director	$0	$0	$0
DYLAN JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA MCHALE	BOARD MEMBER	1.00	Director	$0	$0	$0
RHEA CARMON	BOARD MEMBER	1.00	Director	$0	$0	$0
CORY DICKSON	CO-CHAIR	1.00	Director	$0	$0	$0
EDDIE MANNIS	CO-CHAIR	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	$1,837,675	$2,194,876	$1,434,492	$-357,201
2024	$2,175,698	$2,047,200	$1,879,900	$128,498
2023	$2,436,787	$2,198,761	$1,821,202	$238,026
2022	$2,091,446	$1,514,885	$1,363,959	$576,561
2021	$1,884,743	$1,830,168	$849,190	$54,575
2020	$1,228,539	$1,215,745	$873,212	$12,794
2019	$2,480,074	$2,200,774	$704,137	$279,300