KINGS MOUNTAIN ART FAIR 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

1980

Legal Domicile

Principal Officer

JEANNE CARLSON

Phone

6507733865

Tax Period

2023-01-01 to 2023-12-31

KINGS MOUNTAIN ART FAIR INC, founded in 1980, is a small nonprofit that reported $156K in total revenue in fiscal year 2023. Expenses of $178K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE FUNDRAISING AND DISTRIBUTE FUNDS TO SUPPORT THE VOLUNTEER FIRE BRIGADE, SCHOOL AND OTHER CIVIC NON-PROFIT ORGANIZATIONS SERVING THE KINGS MOUNTAIN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $173,456

THE ORGANIZATION HOSTS THE KINGS MOUNTAIN ART FAIR, AN ANNUAL EVENT HELD EVERY LABOR DAY WEEKEND. THE ART FAIR BENEFITS THE KINGS MOUNTAIN VOLUNTEER FIRE BRIGADE AND OTHER COMMUNITY ACTIVITIES. THE...

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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 $17,684

Program Service Revenue $0

Investment Income $3,754

Other Revenue $134,868

TOTAL REVENUE $156,306

Expense Breakdown

Grants Paid $167,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $173,456

Other Expenses $10,555

TOTAL EXPENSES $177,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,306	$144,897	+0.1%
Expenses	$177,555	$10,193	+16.4%
Net Income	$-21,249	$134,704	-1.2%

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

N/A

Volunteers

300

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY ABBOTT	ART FAIR EXECUTIVE DIRECTO	10.00	Officer Director	$0	$0	$0
ANDREW ANKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELE COVELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS ICE	SECRETARY	1.00	Officer Director	$0	$0	$0
JEANNE CARLSON	TREASURER	1.00	Officer Director	$0	$0	$0
SANDY COLD	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY MANN	BOARD MEMBER	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$156,306	$177,555	$374,875	$-21,249
2022	$144,897	$10,193	$378,435	$134,704
2021	$13,203	$6,907	$254,716	$6,296
2020	$84,873	$217,115	$241,633	$-132,242
2019	$178,032	$195,085	$426,784	$-17,053
2018	$168,020	$153,043	$406,962	$14,977