FLORENCE COUNTY MUSEUM FOUNDATION

EIN: 364924091 501(c)(3) Arts, Culture & Humanities

FLORENCE, SC

Total Revenue
$174,114
Total Expenses
$59,211
Total Assets
$333,922
Net Assets
$333,922
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
SC
Principal Officer
CAROLINE SCHOFIELD
Phone
8436761200
Tax Period
2023-07-01 to 2024-06-30

FLORENCE COUNTY MUSEUM FOUNDATION, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $174K in total revenue in fiscal year 2023. Revenue surged 246% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 66% operating margin.

Mission

TO SUPPORT THE ACTIVITIES OF THE FLORENCE COUNTY MUSEUM, WHICH IS AN ADMINISTRATIVE DIVISION AND INSTRUMENTALITY OF FLORENCE COUNTY, SOUTH CAROLINA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $159,760
Program Service Revenue $0
Investment Income $827
Other Revenue $13,527
TOTAL REVENUE $174,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $52
Program Expenses $42,921
Other Expenses $59,211
TOTAL EXPENSES $59,211

Year-over-Year Comparison

2023 2022 Change
Revenue $174,114 $50,366 +2.5%
Expenses $59,211 $46,559 +0.3%
Net Income $114,903 $3,807 +29.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
14

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BLAKE PATE DIRECTOR 0.05
Director
$0 $0 $0
ANNIE BROWN DIRECTOR 0.05
Director
$0 $0 $0
LINDA GILLIARD-JOHNSON DIRECTOR 0.05
Director
$0 $0 $0
DEBORAH W MOSES DIRECTOR 0.05
Director
$0 $0 $0
BRAN OSWALT DIRECTOR 0.05
Director
$0 $0 $0
PAULA EFIRD CHARIMAN 0.05
Officer
$0 $0 $0
CAROLINE SCHOFIELD TREASURER 0.05
Officer
$0 $0 $0
NICK GADDY VICE CHAIRMAN 0.05
Officer
$0 $0 $0
HEATHER GREENBERG SECRETARY 0.05
Officer
$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 $174,114 $59,211 $333,922 $114,903
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