PARAMOUNT INSTITUTE OF COSMETIC ARTS INC

EIN: 992756946 501(c)(3) Education

Belmont, NC

Total Revenue
$363,322
Total Expenses
$96,762
Total Assets
$1,592,263
Net Assets
$470,578
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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
2024
Legal Domicile
NC
Phone
7043634179
Tax Period
2025-01-01 to 2025-12-31

PARAMOUNT INSTITUTE OF COSMETIC ARTS INC, founded in 2024, is a small nonprofit in the Education sector that reported $363K in total revenue in fiscal year 2025. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $267K, a strong 73% operating margin.

Mission

IT IS OUR DESIRE AS PROFESSIONALS IN THE COSMETOLOGY INDUSTRY TO EDUCATE, SHARE THE INDUSTRY KNOWLEDGE THAT WE HAVE LEARNED OVER THE PAST 20 YEARS, AND PREPARE THOSE INDIVIDUALS THAT WANT A CAREER IN COSMETOLOGY ARTS.

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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 $315,013
Program Service Revenue $48,309
Investment Income $0
Other Revenue $0
TOTAL REVENUE $363,322

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $90,215
Other Expenses $96,762
TOTAL EXPENSES $96,762

Year-over-Year Comparison

2025 2024 Change
Revenue $363,322 $222,991 +0.6%
Expenses $96,762 $18,973 +4.1%
Net Income $266,560 $204,018 +0.3%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
10
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRESTON A WILSON PRESIDENT 2.00
Officer Director
$0 $0 $0
DEANA S KISER SECRETARY 5.00
Officer
$0 $0 $0
SOMER N WILSON BOARD MEMBER 2.00
Officer
$0 $0 $0
RACHEL A GUFFEY BOARD MEMBER 2.00
Officer
$0 $0 $0
KRISTEN C FOREHAND BOARD MEMBER 2.00
Officer
$0 $0 $0
MARY J WOODRING BOARD MEMBER 2.00
Officer
$0 $0 $0
JONATHAN R BRADLEY BOARD MEMBER 2.00
Officer
$0 $0 $0
DANIEL S BRENNEMAN BOARD MEMBER 2.00
Officer
$0 $0 $0
JACINDA L JACOBS BOARD MEMBER 2.00
Officer
$0 $0 $0
DERRICK J JACOBS BOARD MEMBER 2.00
Officer
$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 $363,322 $96,762 $1,592,263 $266,560
2024 No data No data No data No data
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