Martha Connerton Kinetic Works Inc
Nonprofit profile at a glance
- EIN
- 562266383
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Charlotte, NC, USA
- Phone
- 7043381533
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Visual Arts Organizations
Reported finances
- Revenue
- $65,434
- Expenses
- $74,909
- Assets
- $43,180
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Martha Connerton (Director)
- Cathy Friedenreich (Board Chair/Secretary)
- Emily Morgan (Board Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Educational and Performing Arts Programs and Services
What it reported doing in 2024
Concert Performances. App. 5000 Served. Dancers $6,000 Choreographers. $18000, Theater Rental $6,025, Production Costs. $5,420
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.5%; rating input score 73
- Program expense ratio: 63.4%; rating input score 63
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -14.5%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 27.8%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 21.2% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: -2.4% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: -4.4% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 72.5% of revenue deployed · 63.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $47K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Officer compensation ratio scored 6/100.