FLOYD COUNTY HISTORICAL MUSEUM

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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

RENEE SCOTT

Phone

8069832415

Tax Period

2023-01-01 to 2023-12-31

FLOYD COUNTY HISTORICAL MUSEUM, founded in 1971, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $61K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Net assets of $916K represent 181 months of operating reserves.

Mission

TO PRESERVE THE HISTORY OF THE REGION

Program Service Accomplishments

Program 1

Expenses: $63,029 Revenue: $60,816

PROMOTE BETTER UNDERSTANDING OF OUR LOCAL HISTORY

Program 2

PROMOTE LOCAL ART CONNECTED TO OUR HISTORY

Program 3

PROMOTE GENEOLOGY RESOURCES TO THE COMMUNITY

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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 $2,835

Program Service Revenue $41,014

Investment Income $16,862

Other Revenue $105

TOTAL REVENUE $60,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,191

Fundraising Expenses $0

Program Expenses $63,029

Other Expenses $48,838

TOTAL EXPENSES $63,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,816	$47,153	+0.3%
Expenses	$63,029	$75,081	-0.2%
Net Income	$-2,213	$-27,928	-0.9%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
SNOW PAYNE	PRESIDENT	Officer Director	$0	$0	$0
JIMMY DON WHITLEY	VICE PRESIDENT	Officer Director	$0	$0	$0
RENEE SCOTT	TREASURER	Officer Director	$0	$0	$0
MONTE WILLIAMS	SECRETARY	Officer Director	$0	$0	$0
HULEN CARTHEL	BUILDINGS & GROUNDS	Officer Director	$0	$0	$0
FRANK POTTS	DIRECTOR	Director	$0	$0	$0
ETHELYN VERNON	DIRECTOR	Director	$0	$0	$0
IRMA GARCIA	DIRECTOR	Director	$0	$0	$0
CATHY WHITLEY	DIRECTOR	Director	$0	$0	$0
BECKY RAINER	DIRECTOR	Director	$0	$0	$0
NANCY MARBLE	DIRECTOR	Director	$0	$0	$0
LINDA HOLBERT	DIRECTOR	Director	$0	$0	$0
ERNESTINE PLEASANT	DIRECTOR	Director	$0	$0	$0
GLORIA GONZALEZ	DIRECTOR	Director	$0	$0	$0
OLGA CHAVARRIA	DIRECTOR	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	No data	No data	No data	No data
2023	$60,816	$63,029	$916,564	$-2,213
2022	$47,153	$75,081	$855,609	$-27,928
2021	$81,143	$59,904	$994,798	$21,239
2020	$39,377	$44,037	$887,413	$-4,660
2019	$45,493	$42,905	$891,928	$2,588
2018	$534,417	$36,928	$889,254	$497,489