TRAIL OF HISTORY INC

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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

2010

Legal Domicile

Phone

7043677030

Tax Period

2024-01-01 to 2024-12-31

TRAIL OF HISTORY INC, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $222K exceeded revenue, resulting in a 762% operating deficit.

Mission

TO RECAPTURE AND PRESERVE THE SIGNIFICANCE OF KEY PEOPLE WHO CONTRIBUTED TO THE HISTORY, GROWTH, AND DEVELOPMENT OF MECKLENBURG COUNTY BY ERECTING LARGER THAN LIFE REPRESENTATIVE STATUES ALONG THE URBAN SECTION OF THE LITTLE SUGAR CREEK GREENWAY.

Program Service Accomplishments

Program 1

Expenses: $155,842

THE ORGANIZATION SOLICITED FUNDS FROM SELECT PRIVATE DONORS FOR THE PURPOSE OF COMMISSIONING THE CONSTRUCTION AND INSTALLATION OF BRONZE STATUES REPRESENTING PROMINENT CHARLOTTEANS WHO SHAPED OUR...

THE ORGANIZATION SOLICITED FUNDS FROM SELECT PRIVATE DONORS FOR THE PURPOSE OF COMMISSIONING THE CONSTRUCTION AND INSTALLATION OF BRONZE STATUES REPRESENTING PROMINENT CHARLOTTEANS WHO SHAPED OUR REGION'S HISTORY AND CULTURE. THE STATUES WILL BE INSTALLED ALONG THE GREENWAY IN CHARLOTTE. The Organization installed 1 statue in 2024.

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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 $42,415

Program Service Revenue $0

Investment Income $1,220

Other Revenue $-17,869

TOTAL REVENUE $25,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,842

Other Expenses $222,016

TOTAL EXPENSES $222,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,766	$306,902	-0.9%
Expenses	$222,016	$120,894	+0.8%
Net Income	$-196,250	$186,008	-2.1%

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

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

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
Gary Ritter	Secretary	1.0	Officer Director	$0	$0	$0
Matthew Ridenhour	Vice Chair	1.0	Officer Director	$0	$0	$0
Natalie Centeno	TREASURER	1.0	Officer Director	$0	$0	$0
Scott Syfert	Chair	1.0	Officer Director	$0	$0	$0
Al Brown	Board Member	1.0	Director	$0	$0	$0
Beth Poovey	Board Member	1.0	Director	$0	$0	$0
Charles Jonas	Board Member	1.0	Director	$0	$0	$0
Chase Saunders	Board Member	1.0	Director	$0	$0	$0
Chris Thomas	Board Member	1.0	Director	$0	$0	$0
Dan Nance	Board Member	1.0	Director	$0	$0	$0
DAVID ZIMMERMAN	Board Member	1.0	Director	$0	$0	$0
George Edmiston	Board Member	1.0	Director	$0	$0	$0
Gwen Cook	Ex-Officio Board Member	1.0	Director	$0	$0	$0
J Ron Hankins	Board Member	1.0	Director	$0	$0	$0
Jessica Graham	Board Member	1.0	Director	$0	$0	$0
Larry Farber	Board Member	1.0	Director	$0	$0	$0
Sharon Harrington	Board Member	1.0	Director	$0	$0	$0
Tony Zeiss	Board Member	1.0	Director	$0	$0	$0
Tyrone Harmon	Board Member	1.0	Director	$0	$0	$0
William H McNair	Board Member	1.0	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	$25,766	$222,016	$760,089	$-196,250
2023	$306,902	$120,894	$956,339	$186,008
2022	$137,122	$141,024	$777,626	$-3,902
2021	$272,387	$188,317	$773,028	$84,070
2020	$44,703	$75,665	$688,958	$-30,962
2019	$33,875	$268,324	$719,920	$-234,449
2018	$7,262	$331,780	$954,369	$-324,518