PERQUIMANS COUNTY RESTORATION ASSO… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

MARY B PONTE

Phone

2524267567

Tax Period

2024-01-01 to 2024-12-31

PERQUIMANS COUNTY RESTORATION ASSOCIATION INC, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $113K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 40% operating margin.

Mission

Briefly describe the organizations mission or most significant activities Foster in Perquimans County and surrounding area respect and reverence of past through research, education and preservation of buildings

Program Service Accomplishments

Program 1

Expenses: $15,939 Revenue: $21,165

PLANK HOUSE-1750S HISTORIC WOODEN BUILDING CONSTRUCTION MATERIALS . WOODEN FLOORING, GLASS. RECEIVED 13,000 GRANT FROM COVINGTON FOUNDATION PLUS INDIVIDUAL DONATIONS. EXPENCES INCLUDE COST OF...

PLANK HOUSE-1750S HISTORIC WOODEN BUILDING CONSTRUCTION MATERIALS . WOODEN FLOORING, GLASS. RECEIVED 13,000 GRANT FROM COVINGTON FOUNDATION PLUS INDIVIDUAL DONATIONS. EXPENCES INCLUDE COST OF BUILDING MATERIALS 14013 ADVERTIZING BILLBOARD 1467 OFFICE EXPENSES 459

Program 2

Expenses: $11,335

NEWBOLD WHITE HOUSE 1730 NATIONAL REGISTAR ED BUILDING. REVENUE IS FROM ADMISSIONS 822, VINEYARD GRAPE SALES 922, WAINWRIGHT TRUST 6600, STOKES ENDWMENT GRANT 2140, COLONIAL DAMES 298, INDIVIDUAL...

NEWBOLD WHITE HOUSE 1730 NATIONAL REGISTAR ED BUILDING. REVENUE IS FROM ADMISSIONS 822, VINEYARD GRAPE SALES 922, WAINWRIGHT TRUST 6600, STOKES ENDWMENT GRANT 2140, COLONIAL DAMES 298, INDIVIDUAL FURNITURE DONATION 6000. EXPENSE 1161 ELECTRIC, 324 REPAIR, -358 SALES TAX REFUND INSURANCE 5427 DEPRECIATION 2137 OCCUPANCY 721 OFFICE460 ADVERTIZING 1468

Program 3

Expenses: $9,615

NEWBY COTTAGE 1820S HISTORIC BUILDING. NO REVENUE. EXPENSES ARE FOR ADVERTIZING 1467 PFFICE 459 OCCUPANCY 721 DEPRECIATION 1381 INSURANCE 5364, REPAIR 223

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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 $48,483

Program Service Revenue $40,534

Investment Income $3,492

Other Revenue $20,873

TOTAL REVENUE $113,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $55,906

Other Expenses $67,782

TOTAL EXPENSES $67,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,382	$88,850	+0.3%
Expenses	$67,782	$91,274	-0.3%
Net Income	$45,600	$-2,424	-19.8%

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

N/A

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 STEVENSON	PRESIDENT	010.00	Officer Director	$0	$0	$0
JERI OLTMAN	SECRETARY	003.00	Officer Director	$0	$0	$0
MARY BOYLE PONTE	TREASURER	040.00	Officer Director	$0	$0	$0
PENNY BYRD	PUBLICITY	005.00	Director	$0	$0	$0
GEOFF BYRD	MAINTENANCE	020.00	Director	$0	$0	$0
ROSEMARIE BURRAFATO	GIFT SHOP	010.00	Director	$0	$0	$0
LYNWOOD C WINSLOW III	FURNISHINGS	010.00	Director	$0	$0	$0
MICKI LEVINE	KITCHEN GARDEN	010.00	Director	$0	$0	$0
BRENDA HOLLOWELL WHITE	EDUCATION	010.00	Director	$0	$0	$0
KAY CAVENEY	COLONIAL DAMES REPRESENTATIVE	002.00	Director	$0	$0	$0
CLAIR FLAUGHER	EVENTS	010.00	Director	$0	$0	$0
BONNIE MCKEE	ASSISTANT TREASURER	004.00	Director	$0	$0	$0
SHELTON MAMLEY	DIRECTOR	N/A	Director	$0	$0	$0
LUANNE PENDERGRAFT	DIRECTOR	N/A	Director	$0	$0	$0
DR CHARLES H WHITE	DIRECTOR	001.00	Director	$0	$0	$0
J GOODWIN BLAND	DIRECTOR	001.00	Director	$0	$0	$0
CARLTON DAVENPORT	DIRECTOR	N/A	Director	$0	$0	$0
SIDNEY ELEY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN SKINNER	DIRECTOR	N/A	Director	$0	$0	$0
GLEN WHITE	DIRECTOR	001.00	Director	$0	$0	$0
ROBERTA STEVENSON	DIRECTOR	010.00	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	No data	No data	No data	No data
2024	$113,382	$67,782	$674,697	$45,600
2023	$88,850	$91,274	$612,586	$-2,424

PERQUIMANS COUNTY RESTORATION ASSOCIATION INC