Charlotte Museum of History

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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

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 IS A 501 (C)(3) NONPROFIT ORGANIZATION THAT INTERPRETS AND PRESERVES CHARLOTTE'S UNIQUE HISTORY, WITH A MISSION TO INSPIRE COMMUNITY ENGAGEMENT AND CREATE COMMON GROUND THROUGH EDUCATION AND INCLUSIVE STORYTELLING.

Program Service Accomplishments

Program 1

Expenses: $1,138,797 Revenue: $221,903

THE MUSEUM IS OPEN FIVE DAYS PER WEEK FOR GENERAL ADMISSION TO THE MUSEUM'S EXHIBITS AND PROGRAMS AS WELL AS FOR TOURS OF MECKLENBURG COUNTY'S OLDEST HOME, THE 1774 ROCK HOUSE AND OTHER HISTORIC...

THE MUSEUM IS OPEN FIVE DAYS PER WEEK FOR GENERAL ADMISSION TO THE MUSEUM'S EXHIBITS AND PROGRAMS AS WELL AS FOR TOURS OF MECKLENBURG COUNTY'S OLDEST HOME, THE 1774 ROCK HOUSE AND OTHER HISTORIC STRUCTURES ON THE PROPERTY.THE MUSEUM OFFERS A SERIES OF EDUCATIONAL PROGRAMS AND EVENTS FOR AUDIENCES OF ALL AGES. IN FY25 THIS INCLUDED OUR ANNUAL TWELFTH NIGHT CELEBRATION, DOCUMENTARY SCREENINGS, CULTURAL AND HERITAGE FESTIVALS, FREE FAMILY DAYS, NATURALIZATION CEREMONIES, BOOK TALKS AND LECTURES, SPECIAL THEMED HOMESITE TOURS AND MORE. OUR LARGEST PAID EVENTS WERE THE CHARLOTTE GEM AWARDS AND THE MAD ABOUT MODERN HOME TOUR.EACH YEAR THOUSANDS OF LOCAL STUDENTS FROM GRADES K-12 PARTICIPATE IN A SERIES OF EDUCATIONAL PROGRAMS BOTH AT THE MUSEUM AND VIA OFFSITE OUTREACH PROGRAMS. THESE EXPERIECNES EXPLORE THE HISTORY OF OUR REGION THROUGH THE USE OF ARTIFACTS AND HANDS-ON ACTIVITIES TO TELL THE STORY OF CHARLOTTE GROWING FROM A SLEEPY HAMLET TO A MAJOR METROPOLIS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$110,000

Total Directors