Chicamacomico Historical Associati… - 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

1974

Legal Domicile

Principal Officer

Larry Grubbs

Tax Period

2023-01-01 to 2023-12-31

Chicamacomico Historical Association Inc, founded in 1974, is a small nonprofit that reported $189K in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum. Net assets of $1.4M represent 92 months of operating reserves.

Mission

The Associations mission is to preserve and present the history of the Chicamacomico Life-Saving/Coast Guard Station and the history of the Life-Saving Service on the Outer Banks of North Carolina.

Program Service Accomplishments

Program 1

Expenses: $135,481 Revenue: $150,672

One of the largest and most complete U.S. Life-Saving Service complexes remaining in the nation. Open April-November. Self-guided tour of historic buildings: 1874 boat house, 1911 station/look-out...

One of the largest and most complete U.S. Life-Saving Service complexes remaining in the nation. Open April-November. Self-guided tour of historic buildings: 1874 boat house, 1911 station/look-out tower, historically accurate cook house complete with furnishings and supplies, c.1907 residence filled with vintage furnishings and household goods. Weekly Beach Apparatus Drill rescue re-enactment in summer months is performed by all-volunteer crew. In 2023, volunteer drill team traveled to Wood Island Life-Saving Station in Maine to perform re-enactment for the U.S. Life-Saving Service Heritage Association Conference.In 2023, the roof and siding on the 1911 Cookhouse outbuilding was repaired, funded in part by a grant.Number of visitors in 2023 = 8,925

Program 2

Expenses: $26,493 Revenue: $34,064

The museum gift shop sells educational materials and other items related to the U.S. Life-Saving Service and the local area. The gift shop is used to attract visitors to the museum. The shop is...

The museum gift shop sells educational materials and other items related to the U.S. Life-Saving Service and the local area. The gift shop is used to attract visitors to the museum. The shop is operated at the same time that the museum is open. Net proceeds are used to fund museum operations and rehabilitation projects.

Program 3

Expenses: $334 Revenue: $900

Historical site is occasionally rented for use as a wedding venue

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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 $109,577

Program Service Revenue $41,095

Investment Income $3,154

Other Revenue $34,964

TOTAL REVENUE $188,790

Expense Breakdown

Grants Paid $1,549

Salaries & Benefits $58,906

Fundraising Expenses $9,480

Program Expenses $162,308

Other Expenses $135,693

TOTAL EXPENSES $196,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,790	$100,610	+0.9%
Expenses	$196,148	$103,365	+0.9%
Net Income	$-7,358	$-2,755	+1.7%

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

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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

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
Juanita Wescott	Director	1.00	Director	$0	$0	$0
Rob Huggett	Director	1.00	Director	$0	$0	$0
Lou Ellen Daniels Quinn	Director	1.00	Director	$0	$0	$0
George Banks	Director	1.00	Director	$0	$0	$0
Josh Nonnenmocher	Director	1.00	Director	$0	$0	$0
Gee Gee Rosell	Director	4.00	Director	$0	$0	$0
Jonna Midgette	Director	1.00	Director	$0	$0	$0
Carl Smith	Director	2.00	Director	$0	$0	$0
Amy Thompson	Director	1.00	Director	$0	$0	$0
Ryan Gentry	Vice President	1.00	Officer Director	$0	$0	$0
Larry Grubbs	President	5.00	Officer Director	$0	$0	$0
Jen Carlson	SecretaryTreasurer	4.00	Officer Director	$0	$0	$0
John Griffin	Executive Director	18.00	Officer 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
2024	No data	No data	No data	No data
2023	$188,790	$196,148	$1,447,115	$-7,358
2022	$100,610	$103,365	$1,453,720	$-2,755
2021	$161,447	$121,316	$1,469,116	$40,131
2021	$161,447	$121,316	$1,469,116	$40,131
2020	$160,527	$76,724	$1,570,766	$83,803
2019	$53,757	$91,989	$1,334,271	$-38,232
2018	$365,370	$207,913	$1,374,502	$157,457

Chicamacomico Historical Association Inc