Woodshed Arts
Nonprofit profile at a glance
- EIN
- 992987737
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-N 2025
- Location
- Chapel Hill, NC, USA
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $116,144
- Expenses
- $43,905
- Assets
- $72,239
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CREIGHTON IRONS (EXECUTIVE DIRECTOR)
- TIM FIELD (BOARD PRESIDENT)
- NICK GOWER (BOARD VICE PRESIDENT)
Highest reported compensation
- CREIGHTON IRONS (EXECUTIVE DIRECTOR): $4,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Woodshed arts supports collaborative art in and around chatham county by providing space, mentoring, and community for multigenerational creators.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 100
- Accountability: 69
- Sustainability: 72
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 23.5%; rating input score 23
- Program expense ratio: 62.1%; rating input score 62
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 62.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 1.65; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 9.1%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 23.5% of revenue deployed · 62.1% of spending went to programs
- Governance: 5 of 5 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $27K in reported program spending
- Leadership: top reported pay $4K · 5 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 23/100.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Officer compensation ratio scored 28/100.