CORNELIUS ARTS COMMUNITY CENTER INC (EIN 814628087) - 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

2016

Legal Domicile

Principal Officer

JUSTIN DIONNE

Phone

9806893101

Tax Period

2023-07-01 to 2024-06-30

CORNELIUS ARTS COMMUNITY CENTER INC, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 11% surplus.

Mission

CAIN CENTER FOR THE ARTS' MISSION IS TO PROVIDE EXCEPTIONAL VISUAL ARTS, PERFORMING ARTS, AND SOCIAL EXPERIENCES TO THE LAKE NORMAN REGION.

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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 $2,034,874

Program Service Revenue $1,201,190

Investment Income $165,345

Other Revenue $16,299

TOTAL REVENUE $3,417,708

Expense Breakdown

Grants Paid $40,927

Salaries & Benefits $859,651

Fundraising Expenses $293,925

Program Expenses $2,352,398

Other Expenses $2,133,927

TOTAL EXPENSES $3,034,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,417,708	$3,033,554	+0.1%
Expenses	$3,034,505	$2,157,682	+0.4%
Net Income	$383,203	$875,872	-0.6%

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

200

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

$197,994

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL NEWTON	PRESIDENT	4.00	Officer Director	$0	$0	$0
JEAN BOCK	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DOUGLAS MARION	TREASURER	4.00	Officer Director	$0	$0	$0
CYNTHIA BUSH	SECRETARY	4.00	Officer Director	$0	$0	$0
GREG WESSLING	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
PAT BECHDOL	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
KATE GAITHER	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
CAROLINE MULLAN	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
JOSHUA DOBI	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
BILL MORGAN	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
SUSAN IRVIN	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
DALE GILLMORE	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
ZACHARY TOOF	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
TARA JAKETIC	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
AK MATHESON	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
TRACEY STEHLE	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
RYAN LEFEBVRE	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
JUSTIN DIONNE	EXECUTIVE DIRECTOR	40.00	Officer	$191,764	$6,230	$197,994

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	$212,448	$459,802	$25,602,651	$-247,354
2024	$3,417,708	$3,034,505	$25,660,586	$383,203
2023	$3,033,554	$2,157,682	$25,160,049	$875,872
2022	$7,473,472	$779,726	$26,645,702	$6,693,746
2022	$7,473,472	$779,726	$26,645,702	$6,693,746
2021	$8,259,432	$480,022	$17,930,350	$7,779,410
2020	$4,680,061	$1,750,602	$9,734,531	$2,929,459
2019	$7,514,961	$772,695	$6,761,997	$6,742,266

CORNELIUS ARTS COMMUNITY CENTER INC