NATIONAL STEEPLECHASE MUSEUM INC

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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

2003

Legal Domicile

Principal Officer

LUCY CHATHAM

Phone

8034326513

Tax Period

2025-01-01 to 2025-12-31

NATIONAL STEEPLECHASE MUSEUM INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $444K in total revenue in fiscal year 2025. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $704K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO OPERATE AND MAINTAIN A REPOSITORY FOR STEEPLECHASE MEMORABILIA AND FOSTER PUBLIC INTEREST IN THE SPORT OF AMERICAN STEEPLECHASING.

Program Service Accomplishments

Program 1

Expenses: $485,989

OPERATION OF MUSUEM FOR STEEPLECHASE MEMORABILIA

Program 2

Expenses: $200,000

DONATION TO CAROLINA CUP RACING ASSOCIATION TO SUPPORT THE OPERATIONS OF THE COLONIAL CUP RACE IN ORDER TO FOSTER PUBLIC INTEREST IN THE SPORT OF AMERICAN STEEPLE CHASE RACING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $352,775

Program Service Revenue $0

Investment Income $66,268

Other Revenue $24,508

TOTAL REVENUE $443,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,449

Fundraising Expenses $50

Program Expenses $685,989

Other Expenses $648,257

TOTAL EXPENSES $703,706

Year-over-Year Comparison

	2025	2024	Change
Revenue	$443,551	$316,671	+0.4%
Expenses	$703,706	$349,969	+1.0%
Net Income	$-260,155	$-33,298	+6.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BROWNING	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
LUCY CHATHAM	CHAIRMAN	N/A	Officer Director	$0	$0	$0
ALFRED MAE DRAKEFORD	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DUNCAN MCINTOSH	DIRECTOR	N/A	Director	$0	$0	$0
GIBSON TUCKER	DIRECTOR	N/A	Director	$0	$0	$0
TOBY EDWARDS	CEO	N/A	Officer	$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
2025	$443,551	$703,706	$2,167,347	$-260,155
2024	$316,671	$349,969	$1,821,631	$-33,298
2023	$159,488	$145,600	$1,768,167	$13,888
2023	$245,290	$145,600	$1,853,969	$99,690
2022	$64,319	$146,495	$1,754,522	$-82,176
2021	$88,060	$151,484	$1,836,130	$-63,424
2020	$1,134,845	$73,804	$1,899,390	$1,061,041
2019	$50,388	$48,122	$837,012	$2,266
2018	$73,519	$75,112	$834,360	$-1,593