STEEL CITY ARTS FOUNDATION

EIN: 871507577 501(c)(3) Human Services

PINEVILLE, NC

Total Revenue
$139,992
Total Expenses
$137,565
Total Assets
$152,326
Net Assets
$152,326
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
PA
Principal Officer
STEVE I HOFSTETTER
Phone
6467838363
Tax Period
2024-01-01 to 2024-12-31

STEEL CITY ARTS FOUNDATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $140K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

STEEL CITY ARTS FOUNDATION EXISTS TO HELP UP AND COMING COMEDIANS BY PROVIDING LIVING SPACE, WORKSPACE, EVENT SPACE, AND ASSISTANCE WITH DAILY NEEDS WHILE THEY WORK ON THEIR SKILLS. ARTISTS MAKE THE WORLD A BETTER PLACE, WE MAKE THE WORLD A BETTER PLACE FOR ARTISTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $136,628
Program Service Revenue $2,894
Investment Income $0
Other Revenue $470
TOTAL REVENUE $139,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,274
Fundraising Expenses $0
Program Expenses $92,294
Other Expenses $81,291
TOTAL EXPENSES $137,565

Year-over-Year Comparison

2024 2023 Change
Revenue $139,992 $187,234 -0.3%
Expenses $137,565 $174,071 -0.2%
Net Income $2,427 $13,163 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
N/A

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
12
$0
Key Employees
1
$48,897
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALYSSA WEISENSEE OPERATIONS DIRECTOR 40.00
Key Emp
$48,897 $0 $48,897
ELAYNE BOOSLER BOARD MEMBER 0.00
Director
$0 $0 $0
JC COCCOLI BOARD MEMBER 0.00
Director
$0 $0 $0
ADAM HOFSTETTER BOARD MEMBER 0.00
Director
$0 $0 $0
SHARON HOFSTETTER BOARD MEMBER 0.00
Director
$0 $0 $0
COSTAKI ECONOMOPOULOS BOARD MEMBER 0.00
Director
$0 $0 $0
DELORES DRUILHET MORTON BOARD MEMBER 0.00
Director
$0 $0 $0
RYAN NIEMILLER BOARD MEMBER 0.00
Director
$0 $0 $0
DWAYNE PERKINS BOARD MEMBER 0.00
Director
$0 $0 $0
STEVE I HOFSTETTER PRESIDENT 40.00
Officer Director
$0 $0 $0
BENJAMIN PENIGAR VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MARTY SCHIFF TREASURER 0.00
Officer Director
$0 $0 $0
ALI SPAGNOLA SECRETARY 0.00
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
2024 $139,992 $137,565 $152,326 $2,427
2023 $187,234 $174,071 $151,803 $13,163
2022 $226,924 $171,953 $136,736 $54,971
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare STEEL CITY ARTS FOUNDATION with other nonprofits in North Carolina and across the country.