FRIENDS OF THE BONNIE KATE INC

EIN: 831663795 501(c)(3) Arts, Culture & Humanities

ELIZABETHTON, TN

Total Revenue
$124,588
Total Expenses
$81,959
Total Assets
$539,383
Net Assets
$539,381
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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
2019
Legal Domicile
TN
Principal Officer
KENT EDENS
Phone
4238951762
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE BONNIE KATE INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $125K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $43K, a strong 34% operating margin.

Mission

TO ASSIST THE BONNIE KATE THEATER TO BECOME A VIABLE CULTURAL ARTS CENTER

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,634
Program Service Revenue $8,499
Investment Income $450
Other Revenue $5
TOTAL REVENUE $124,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $74,680
Other Expenses $81,959
TOTAL EXPENSES $81,959

Year-over-Year Comparison

2024 2023 Change
Revenue $124,588 $283,804 -0.6%
Expenses $81,959 $96,330 -0.1%
Net Income $42,629 $187,474 -0.8%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RENEE CHRISTIAN DIRECTOR 1.00
Director
$0 $0 $0
MARCIA ROSS DIRECTOR 1.00
Director
$0 $0 $0
ROBERT CLARK DIRECTOR 1.00
Director
$0 $0 $0
BRIAN CHESMAN DIRECTOR 1.00
Director
$0 $0 $0
LYNN RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
CHRISANN TULL DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH WILKINSON DIRECTOR 1.00
Director
$0 $0 $0
JEFF TREADWAY SECRETARY 4.00
Officer Director
$0 $0 $0
PJ EVANS TREASURER 8.00
Officer Director
$0 $0 $0
RACHEL MCCANN VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
KENT EDENS PRESIDENT 4.00
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 $124,588 $81,959 $539,383 $42,629
2024 $283,804 $96,330 $496,754 $187,474
2023 $199,416 $125,810 $310,169 $73,606
2022 $296,705 $98,838 $235,723 $197,867
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