HISTORIC SALISBURY FOUNDATION 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

1972

Legal Domicile

Principal Officer

MRS KIMBERLY STIEG

Phone

7046360103

Tax Period

2023-07-01 to 2024-06-30

HISTORIC SALISBURY FOUNDATION INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $332K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $419K exceeded revenue, resulting in a 26% operating deficit.

Mission

LOCAL HISTORIC PRESERVATION

Program Service Accomplishments

Program 1

Revenue: $1,438

TOURS AND OTHER SPECIAL PROGRAMS WERE PROVIDED TO THE PUBLIC TO EDUCATE THEM OF THE HISTORICAL SIGNIFICANCE OF LOCAL SITES AND LANDMARKS.

Program 2

Expenses: $8,968

PURCHASE AND IMPROVEMENTS OF HISTORICAL PROPERTIES HELD FOR RESALE TO PUBLIC FOR RESTORATIONS.

Program 3

Expenses: $169,344 Revenue: $42,650

ONGOING RESTORATION AND PRESERVATION OF MUSEUMS AND SITES OWNED BY THE ORGANIZATION BECAUSE OF THEIR HISTORICAL VALUE AND SIGNIFICANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $108,799

Program Service Revenue $44,088

Investment Income $107,287

Other Revenue $71,532

TOTAL REVENUE $331,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,052

Fundraising Expenses $0

Program Expenses $178,312

Other Expenses $232,286

TOTAL EXPENSES $419,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$331,706	$282,600	+0.2%
Expenses	$419,338	$377,715	+0.1%
Net Income	$-87,632	$-95,115	-0.1%

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

360

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

$89,610

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MRS KIMBERLY STIEG	DIRECTOR	40.00	Officer	$89,610	$0	$89,610
MRS NOEL ADAMS	TRUSTEE	4.00	Director	$0	$0	$0
MR JOSHUA BARNHARDT	TRUSTEE	4.00	Director	$0	$0	$0
MRS SHERRY BECK	TRUSTEE	4.00	Director	$0	$0	$0
DR SARA CLYMER	TRUSTEE	4.00	Director	$0	$0	$0
MRS BARBARA CORRIHER	TRUSTEE	4.00	Director	$0	$0	$0
MRS LEE R COWAN	TRUSTEE	4.00	Director	$0	$0	$0
MRS LINA DRINKARD	TRUSTEE	4.00	Director	$0	$0	$0
MR ADRIAN EASLEY	TRUSTEE	4.00	Director	$0	$0	$0
MR BEN FISHER	TRUSTEE	4.00	Director	$0	$0	$0
MRS JACQUELYN JENSON	TRUSTEE	4.00	Director	$0	$0	$0
MRS DIANA DANDRO KEITH	SECRETARY	4.00	Officer Director	$0	$0	$0
MS ANNE R LYLES	TRUSTEE	4.00	Director	$0	$0	$0
MS SHIRLEY MCLAUGHLIN	TRUSTEE	4.00	Director	$0	$0	$0
MS DREW MYERS	TRUSTEE	4.00	Director	$0	$0	$0
MR EDWARD NORVELL	PRESIDENT	4.00	Officer Director	$0	$0	$0
MS EMILY PERRY	TRUSTEE	4.00	Director	$0	$0	$0
MR TIM PROPER	TREASURER, A	4.00	Officer Director	$0	$0	$0
MR PETE PRUNKL	TRUSTEE	4.00	Director	$0	$0	$0
MRS BARB SOREL	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
MRS WHITNEY WALLACE WILLIAMS	TRUSTEE	4.00	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	$229,358	$346,763	$3,738,329	$-117,405
2024	$331,706	$419,338	$3,851,839	$-87,632
2023	$282,600	$377,715	$3,911,064	$-95,115
2022	$740,498	$339,087	$3,956,177	$401,411
2021	$442,473	$367,806	$3,769,899	$74,667
2020	$346,581	$461,992	$3,575,822	$-115,411
2019	$352,696	$357,352	$3,712,714	$-4,656
2019	$425,493	$357,352	$3,785,511	$68,141
2018	$375,488	$329,567	$3,717,726	$45,921