Western North Carolina Historical Association Inc

EIN: 237348133 501(c)(3) Arts, Culture & Humanities

Asheville, NC

Total Revenue
$220,436
Total Expenses
$211,403
Total Assets
$3,575,539
Net Assets
$3,573,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NC
Principal Officer
Steven L Johnson
Phone
8282539231
Tax Period
2024-05-01 to 2025-04-30

Western North Carolina Historical Association Inc, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $211K left a modest 4% surplus.

Mission

The mission of Western North Carlina Historical Association is to preserve and promote the history and legacy of Western North Carolina through interpretation, education, collection, and collaboration.

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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 $57,919
Program Service Revenue $18,630
Investment Income $148,278
Other Revenue $-4,391
TOTAL REVENUE $220,436

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164,940
Fundraising Expenses $18,299
Program Expenses $165,881
Other Expenses $46,463
TOTAL EXPENSES $211,403

Year-over-Year Comparison

2024 2023 Change
Revenue $220,436 $176,258 +0.3%
Expenses $211,403 $306,698 -0.3%
Net Income $9,033 $-130,440 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
6
Volunteers
40

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
6
$53,031
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Polly Rolman-Smith Executive Director 40.00
Officer
$53,031 $0 $53,031
Steven Lee Johnson President 10.00
Officer Director
$0 $0 $0
Catherine Frank Vice President 6.00
Officer Director
$0 $0 $0
Michael McLaughlin Secretary 6.00
Officer Director
$0 $0 $0
Dirk Wilmoth Treasurer 6.00
Officer Director
$0 $0 $0
Ralph Simpson Past President 6.00
Officer Director
$0 $0 $0
Martha Fullington Board Member 3.00
Director
$0 $0 $0
Dee James Board Member 3.00
Director
$0 $0 $0
Allan Tarleton Board Member 3.00
Director
$0 $0 $0
Kieta Osteen-Cochrane Board Member 3.00
Director
$0 $0 $0
Jami Daniels Board Member 3.00
Director
$0 $0 $0
Ann Ellington Duncan Board Member 3.00
Director
$0 $0 $0
Terry Roberts Board Member 3.00
Director
$0 $0 $0
BJ Kilgore Board Member 3.00
Director
$0 $0 $0
Andrea Clark Board Member 3.00
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 $220,436 $211,403 $3,575,539 $9,033
2024 $176,258 $306,698 $3,509,709 $-130,440
2023 $193,179 $372,274 $3,574,392 $-179,095
2022 $248,296 $313,763 $3,809,935 $-65,467
2021 $2,053,393 $157,449 $4,354,391 $1,895,944
2020 $93,970 $101,843 $2,562,481 $-7,873
2019 $2,325,154 $69,429 $2,568,845 $2,255,725
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