THE KERNERSVILLE MUSEUM FOUNDATION

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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

2013

Legal Domicile

Principal Officer

MOLLY BEASLEY SMITH

Phone

3364974869

Tax Period

2020-01-01 to 2020-12-31

THE KERNERSVILLE MUSEUM FOUNDATION, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $240K in total revenue in fiscal year 2020. The organization ran a surplus of $142K, a strong 59% operating margin.

Mission

TO PRESERVE THE HISTORY OF THE TOWN OF KERNERSVILLE BY COLLECTING AND DISPLAYING LOCAL ARTIFACTS AND MEMOIRS THAT CAN BE VIEWED BY THE PUBLIC

Program Service Accomplishments

Program 1

Expenses: $49,195

SHARE THE HISTORY OF KERNERSVILLE THROUGH MUSEUM EXHIBITS. 1,223 PEOPLE TOURED THE MUSEUM DURING THE FISCAL YEAR. COLLECTED ARTIFACTS AND OBJECTS TO PUT ON DISPLAY IN THE MUSUEM. CONTINUED UPDATES OF AN INTERACTIVE ORAL HISTORY DISPLAY AND VIRTUAL TOUR. MAINTAINED A PERMANENT OUTDOOR TOBACCO BARN EXHIBIT THAT IS ONLY ONE OF THE FIVE RESTORED TOBACCO BARN EXHIBITS IN NORTH CAROLINA THAT IS OPEN TO THE PUBLIC YEAR ROUND.

Program 2

Expenses: $811

COMPLETED RESTORATION OF HISTORIC WEANING CABIN AND STABLE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $230,570

Program Service Revenue $0

Investment Income $79

Other Revenue $9,122

TOTAL REVENUE $239,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,557

Fundraising Expenses $25,575

Program Expenses $50,006

Other Expenses $34,591

TOTAL EXPENSES $98,148

Year-over-Year Comparison

	2020	2019	Change
Revenue	$239,771	N/A	N/A
Expenses	$98,148	N/A	N/A
Net Income	$141,623	N/A	N/A

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

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

$40,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY HARGETT	Executive Dir.	40.00	Director	$40,708	$0	$40,708
MONTE LONG	Treasurer	3.00	Director	$0	$0	$0
ANNE COLTRANE	Director	2.50	Director	$0	$0	$0
MARK CHANDLER	Director	1.75	Director	$0	$0	$0
ANGELA PEARMAN	President	3.75	Director	$0	$0	$0
JASON GRUBBS	Director	2.50	Director	$0	$0	$0
CHANDRA PARKER	Director	2.00	Director	$0	$0	$0
BERTHA PRIM	Director	2.00	Director	$0	$0	$0
KAY PINNIX	Secretary	3.75	Director	$0	$0	$0
RICK PIERCE	Director	3.00	Director	$0	$0	$0
KIM HERMAN	Vice President	3.75	Director	$0	$0	$0
MOLLY BEASLEY SMITH	Vice President	3.75	Director	$0	$0	$0
KEVIN MASTEN	Director	1.25	Director	$0	$0	$0
JOHN G WOLFE III	Director	1.00	Director	$0	$0	$0
KRISTI RECORD	Director	0.50	Director	$0	$0	$0
WAYNE MABE	Director	1.25	Director	$0	$0	$0
WILLIAM HARRISTON	Director	1.50	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
2020	$239,771	$98,148	$351,017	$141,623