Reelfoot Arts & Crafts Society
Nonprofit profile at a glance
- EIN
- 921816388
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025
- Location
- Tiptonville, TN, USA
- Phone
- 7314420911
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $93,593
- Expenses
- $79,558
- Assets
- $48,916
- Liabilities
- $4,281
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Michael Powell (President)
- Jaxon T Neil (Vice President)
People named in this filing
- Michael Powell (President)
- Jaxon T Neil (Vice President)
- Amber Mooring (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to celebrate the rich heritage, natural beauty, and artistic talents of the Reelfoot Lake region through an annual arts and crafts festival. We strive to provide a welcoming and inclusive atmosphere that showcases the diverse works of talented local artists and crafters. Our festival aims to inspire creativity, promote cultural exchange, and foster a sense of community pride. By offering a platform for artists to exhibit and sell their creations, we aim to support the growth and sustainability of the arts and crafts industry in our region. We also seek to educate and engage attendees by organizing interactive demonstrations, workshops, and activities that enhance their appreciation for traditional and contemporary art forms. Above all, we are dedicated to creating an enjoyable and memorable experience for all visitors, encouraging them to explore and embrace the artistic treasures of Reelfoot Lake and its surrounding communities.
What it reported doing in 2025
Educate the community about the Reelfoot Lake region through arts and crafts.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 44
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 15%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.61; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 43.2%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 55.4% per year; rating input score 100; 93rd percentile among comparable filings
- Revenue growth: -5.8% per year; rating input score 0; 32nd percentile among comparable filings
- Asset growth: -13.1% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $106K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 8 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- 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.
- Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.