ASHEVILLE INDEPENDENT ARTS & MUSIC

EIN: 922108301 501(c)(3) Arts, Culture & Humanities

ASHEVILLE, NC

Total Revenue
$158,545
Total Expenses
$159,202
Total Assets
$25,750
Net Assets
$25,750
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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
2023
Legal Domicile
NC
Principal Officer
JOSH BLAKE
Phone
8282806939
Tax Period
2025-01-01 to 2025-12-31

ASHEVILLE INDEPENDENT ARTS & MUSIC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $159K in total revenue in fiscal year 2025.

Mission

PRESERVE AND PROMOTE THE MUSIC AND ART SCENE IN WESTERN NORTH CAROLINA THROUGH LIVE STREAMING, FILMING, AND ARCHIVING CONCERTS AND AREA 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $158,545
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $158,545

Expense Breakdown

Grants Paid $45,350
Salaries & Benefits $24,220
Fundraising Expenses $2,595
Program Expenses $142,971
Other Expenses $89,632
TOTAL EXPENSES $159,202

Year-over-Year Comparison

2025 2024 Change
Revenue $158,545 N/A N/A
Expenses $159,202 N/A N/A
Net Income $-657 N/A N/A
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
2
Independent Members
2
Employees
N/A
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
1
$2,400
Total Directors
1
$21,820
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA BLAKE PRESIDENT 20.00
Director
$21,820 $0 $21,820
EDWARD SCOTT REESE SECRETARY 20.00
Officer
$2,400 $0 $2,400
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 $158,545 $159,202 $25,750 $-657
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