COTESWORTH CULTURE AND HERITAGE CE… - 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

2010

Legal Domicile

Principal Officer

KENNETH DOWNS

Phone

6622345728

Tax Period

2023-01-01 to 2023-12-31

COTESWORTH CULTURE AND HERITAGE CENTER, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $17K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $86K exceeded revenue, resulting in a 405% operating deficit.

Mission

THE ORGANIZATION MISSION IS TO ACQUIRE AND MANAGE A CENTER FOR MISSISSIPPI CULTURE AND HERITAGE. THE ORGANIZATION IS DEDICATED TO PRESERVING AND SHARING THE LEGACY OF COTESWORTH, INCLUIDING THE HOUSE, THE LIBRARY, AND THE SURROUNDING ACREAGE. THE ORGANIZATION'S PLAN IS TO BRING THIS SPECIAL PLACE INTO PUBLIC USE AS AN EDUCATIONAL CENTER, HERITAGE SITE AND VENUE FOR ARTS, ENTERTAINMENT AND EVENTS WHICH BENEFIT ALL OF MISSISSIPPI.

Program Service Accomplishments

Program 1

Expenses: $80,391

TO ESTABLISH COTESWORTH AS A CENTER FOR MISSISSIPPI CULTURE AND HERITAGE, TO BE USED BY RESIDENTS AND VISITORS FOR THE PRESERVATION, EDUCATION, AND INTERPRETATION OF ALL ASPECTS OF MISSISSIPPIS RICH CULTURE AND HERITAGE. THE COTESWORTH CULTURE AND HERITAGE CENTER WILL SERVE AS A CENTER FOR EDUCATION AND INTERPRETATION OF AGRI-TOURISM, CULINARY HERITAGE, THE PERFORMING ARTS, VISUAL ARTS, AND WRITERS CONFERENCES AND RETREATS. DUE TO ITS GEOGRAPHICAL LOCATION, IT WILL ALSO SERVE AS A LINK BETWEEN TWO RECENTLY-DESIGNATED NATIONAL HERITAGE AREAS, THE MISSISSIPPI HILLS AND THE MISSISSIPPI DELTA. THE VISION FOR COTESWORTH PROVIDES MISSISSIPPI WITH AN ASSET THAT WILL BRING ECONOMIC BENEFIT TO THE REGION AND TO THE PEOPLE OF MISSISSIPPI.

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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 $16,932

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $16,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,599

Program Expenses $80,391

Other Expenses $85,565

TOTAL EXPENSES $85,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,932	$9,841	+0.7%
Expenses	$85,565	$68,945	+0.2%
Net Income	$-68,633	$-59,104	+0.2%

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
MARGARET ADAMS	DIRECTOR	N/A	Director	$0	$0	$0
JULIA BANKS	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN COOKSTON	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH DOWNS	PRESIDENT	N/A	Officer Director	$0	$0	$0
STACEY GRIFFITH	DIRECTOR	N/A	Director	$0	$0	$0
GLORIA KELLUM	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA LEE	SECRETARY	N/A	Officer Director	$0	$0	$0
SARAH MCCOLLOUGH	DIRECTOR	N/A	Director	$0	$0	$0
JOE NOKES	DIRECTOR	N/A	Director	$0	$0	$0
DENNIE SPENCE	DIRECTOR	N/A	Director	$0	$0	$0
PUNKIE STEWART	DIRECTOR	N/A	Director	$0	$0	$0
JAY WILLIAMS	DIRECTOR	N/A	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	$16,932	$85,565	$2,044,302	$-68,633
2022	$9,841	$68,945	$2,112,935	$-59,104
2021	$110,201	$69,902	$2,171,814	$40,299
2020	$11,149	$65,836	$2,075,127	$-54,687
2019	$19,268	$75,204	$2,129,814	$-55,936
2018	$10,125	$71,235	$2,185,750	$-61,110

COTESWORTH CULTURE AND HERITAGE CENTER