Charlotte Museum of History

EIN: 237125613 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$1,403,737
Total Expenses
$1,616,406
Total Assets
$7,073,939
Net Assets
$6,580,038
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NC
Principal Officer
Terri White
Phone
7045681774
Tax Period
2024-07-01 to 2025-06-30

Charlotte Museum of History, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 89% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE CHARLOTTE MUSEUM OF HISTORY EDUCATED A BROAD PUBLIC AUDIENCE ABOUT THE FOUNDING STORY OF CHARLOTTE AND MECKLENBURG COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,169,581
Program Service Revenue $72,577
Investment Income $1,524
Other Revenue $160,055
TOTAL REVENUE $1,403,737

Expense Breakdown

Grants Paid $0
Salaries & Benefits $688,538
Fundraising Expenses $215,991
Program Expenses $1,138,797
Other Expenses $927,868
TOTAL EXPENSES $1,616,406

Year-over-Year Comparison

2024 2023 Change
Revenue $1,403,737 $744,026 +0.9%
Expenses $1,616,406 $1,655,838 0.0%
Net Income $-212,669 $-911,812 -0.8%
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

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Governance

Voting Members
21
Independent Members
21
Employees
13
Volunteers
150

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
5
$110,000
Total Directors
21
$110,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Evan Bohnen CAO 40.00
$110,000 $5,000 $115,000
Terri White President & CEO 40.00
Officer Director
$105,000 $5,000 $110,000
Robert Stickler Chairman 2.00
Officer Director
$0 $0 $0
Katie Schwarting Vice Chair 2.00
Officer Director
$0 $0 $0
Hugh Dussek PhD Secretary 2.00
Officer Director
$0 $0 $0
K Brooke Hunter Treasurer 2.00
Officer Director
$0 $0 $0
Tina Adams Board Member 1.00
Director
$0 $0 $0
Whitney Bishop Board Member 1.00
Director
$0 $0 $0
Marshall Costner Board Member 1.00
Director
$0 $0 $0
Jeanie Cottingham Board Member 1.00
Director
$0 $0 $0
Fannie Flono Board Member 1.00
Director
$0 $0 $0
Tim Gallaher Board Member 1.00
Director
$0 $0 $0
Dave Kylander Board Member 1.00
Director
$0 $0 $0
Stewart McQueen Board Member 1.00
Director
$0 $0 $0
Windy Oliver Board Member 1.00
Director
$0 $0 $0
Steve Phifer Board Member 1.00
Director
$0 $0 $0
Chris Richardson Board Member 1.00
Director
$0 $0 $0
Liz Richardson Board Member 1.00
Director
$0 $0 $0
Michael Slisz Board Member 1.00
Director
$0 $0 $0
Charles Wallace Board Member 1.00
Director
$0 $0 $0
Dante Wilkerson Board Member 1.00
Director
$0 $0 $0
Sarah Crockford Ex Officio 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
2025 $1,403,737 $1,616,406 $7,073,939 $-212,669
2024 $744,026 $1,655,838 $6,969,019 $-911,812
2023 $1,017,135 $1,255,024 $7,319,701 $-237,889
2022 $53,619 $814,768 $7,063,618 $-761,149
2021 $1,581,038 $664,039 $7,897,454 $916,999
2020 $614,060 $762,555 $6,968,447 $-148,495
2019 $629,267 $779,223 $6,959,471 $-149,956
2018 $347,406 $755,974 $7,036,965 $-408,568
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