MUSEUM OF APPALACHIA (EIN 043595011) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

LINDSEY GALLAHER

Phone

8654947680

Tax Period

2024-01-01 to 2024-12-31

MUSEUM OF APPALACHIA, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $872K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $989K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO DOCUMENT AND PRESERVE THE HISTORY AND CULTURE OF THE PEOPLE OF THE SOUTHERN APPALACHIAN MOUNTAINS OF EAST TENNESSEE AND THE SURROUNDING AREA FOR THE BENEFIT OF CURRENT AND FUTURE GENERATIONS. THE MUSEUM PROVIDES FOR THE RESTORATION AND RE-CREATION OF PIONEER FARM VILLAGES, AND THE ACQUISITION, PRESERVATION, INTERPRETATION AND DISPLAY OF HISTORICAL ARTIFACTS AND RELICS FROM THE SOUTHERN APPALACHIA REGION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $120,589

Program Service Revenue $698,490

Investment Income $754

Other Revenue $51,769

TOTAL REVENUE $871,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $588,710

Fundraising Expenses $0

Program Expenses $798,851

Other Expenses $400,747

TOTAL EXPENSES $989,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$871,602	$951,097	-0.1%
Expenses	$989,457	$934,827	+0.1%
Net Income	$-117,855	$16,270	-8.2%

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

Volunteers

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

$75,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSEY GALLAHER	PRESIDENT	40.00	Officer Director	$75,000	$0	$75,000
GARY WADE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SAMUEL J FURROW	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
DALE A KEASLING	TREASURER	1.00	Officer Director	$0	$0	$0
JENNY BOYD	SECRETARY	1.00	Officer Director	$0	$0	$0
RODNEY ARCHER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BALLOFF	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN W DEAN	DIRECTOR	1.00	Director	$0	$0	$0
DARYL R FANSLER	DIRECTOR	1.00	Director	$0	$0	$0
JODY GOINS	DIRECTOR	1.00	Director	$0	$0	$0
LOGAN HICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
JIM HENRY	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE IRWIN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
HEATH SHULER	DIRECTOR	1.00	Director	$0	$0	$0
BO SHAFER	DIRECTOR	1.00	Director	$0	$0	$0
BARRETT SIMONIS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM STEPHENSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON PALMER	DIRECTOR	1.00	Director	$0	$0	$0
JACK E WILLIAMS	DIRECTOR	N/A	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
2024	$871,602	$989,457	$4,476,888	$-117,855
2023	$951,097	$934,827	$4,606,421	$16,270
2022	$763,860	$798,149	$4,582,926	$-34,289
2021	$743,213	$660,436	$4,648,073	$82,777
2020	$496,110	$537,005	$4,456,134	$-40,895
2019	$672,345	$633,011	$4,477,606	$39,334
2018	$895,694	$648,498	$4,493,618	$247,196

MUSEUM OF APPALACHIA