THE HISTORY MUSEUM OF BURKE CO INC THE HISTORY MUSEUM OF BURKE COUNTY

EIN: 134253836 501(c)(3) Arts, Culture & Humanities

MORGANTON, NC

Total Revenue
$305,815
Total Expenses
$132,517
Total Assets
$3,026,774
Net Assets
$3,025,668
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Principal Officer
WAITS GORDON
Phone
8284371777
Tax Period
2022-01-01 to 2022-12-31

THE HISTORY MUSEUM OF BURKE CO INC THE HISTORY MUSEUM OF BURKE COUNTY, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $306K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $173K, a strong 57% operating margin.

Mission

TO SERVE AS A COMMUNITY CULTURAL RESOURCE TO PRESERVE HERITAGE AND TO RECEIVE ARTIFACTS FOR THE BENEFIT, EDUCATION, AND VIEWING OF AREA CITIZENS AND FUTURE GENERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $80,157
Program Service Revenue $5,341
Investment Income $220,317
Other Revenue $0
TOTAL REVENUE $305,815

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,595
Fundraising Expenses $0
Program Expenses $121,890
Other Expenses $108,922
TOTAL EXPENSES $132,517

Year-over-Year Comparison

2022 2021 Change
Revenue $305,815 $256,795 +0.2%
Expenses $132,517 $140,925 -0.1%
Net Income $173,298 $115,870 +0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
21
Independent Members
21
Employees
2
Volunteers
N/A

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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAITS GORDON CHAIR 3.00
Officer
$0 $0 $0
JOHN AHLRICH TREASURER 3.00
Officer
$0 $0 $0
SANDRA WEST SECRETARY 10.00
Officer
$0 $0 $0
JOHN GREEN VICE CHAIR 3.00
Officer
$0 $0 $0
LOUIS ASBURY BOARD MEMBER 1.00
Director
$0 $0 $0
DEBBIE BRADLEY BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE HITT BOARD MEMBER 1.00
Director
$0 $0 $0
ALBERT DALE III BOARD MEMBER 1.00
Director
$0 $0 $0
SUE COZORT BOARD MEMBER 1.00
Director
$0 $0 $0
ALLEN FULLWOOD BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH OWENS BOARD MEMBER 1.00
Director
$0 $0 $0
WINSTON LEAR BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID MCGALLIARD BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT PATTON III BOARD MEMBER 1.00
Director
$0 $0 $0
FRED SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
PHYLLIS WOGAN BOARD MEMBER 1.00
Director
$0 $0 $0
RON KENDRICK BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA LINDSEY BOARD MEMBER 1.00
Director
$0 $0 $0
CLAUDE SITTON DIRECTOR 32.00
Director
$0 $0 $0
DANA WHISNANT BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT WHISNANT BOARD MEMBER 1.00
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 No data No data No data No data
2023 No data No data No data No data
2022 $305,815 $132,517 $3,026,774 $173,298
2021 $256,795 $140,925 $3,399,393 $115,870
2020 $162,287 $123,784 $3,038,881 $38,503
2019 $240,894 $131,571 $2,742,914 $109,323
2018 $95,164 $456,029 $2,631,225 $-360,865
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