ALAMANCE COUNTY HISTORICAL MUSEUM INC (EIN 510163093) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

Principal Officer

WILLIAM M VINCENT

Phone

3362268254

Tax Period

2023-07-01 to 2024-06-30

ALAMANCE COUNTY HISTORICAL MUSEUM INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $275K exceeded revenue, resulting in a 32% operating deficit.

Mission

THE MUSEUM IS ESTABLISHED TO PROMOTE AND MAINTAIN A HISTORICAL MUSEUM IN ALAMANCE COUNTY, NORTH CAROLINA. THE PURPOSE OF THE MUSEUM IS TO COLLECT, DISPLAY AND PRESERVE RECORDS, RELICS, AND OTHER OBJECTS WHICH CONTRIBUTE TO AN UNDERSTANDING OF AN APPRECIATION FOR THE HISTORICAL DEVELOPMENTS AND THE HERITAGE OF ALAMANCE COUNTY AND THE SURROUNDING AREA. ITS CURRENT PROGRAMS INCLUDE VISITOR AND GROUP TOURS AND TECHNICAL ASSISTANCE.

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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 $147,844

Program Service Revenue $47,749

Investment Income $6,974

Other Revenue $6,594

TOTAL REVENUE $209,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,545

Fundraising Expenses $8,973

Program Expenses $210,778

Other Expenses $167,588

TOTAL EXPENSES $275,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$209,161	$193,594	+0.1%
Expenses	$275,133	$210,306	+0.3%
Net Income	$-65,972	$-16,712	+2.9%

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

$52,714

Total Directors

$52,714

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE GANT	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ANNE HOGAN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MARY SPEIGHT	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BENNIE CATOE	SECRETARY	2.00	Officer Director	$0	$0	$0
BILLY SWAIN	BOARD OF DIRECTORS	2.00	Director	$0	$0	$0
EMMA MAGGI	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DAVID SELLERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM WOOTEN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JULIE MONROE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
FRANCES BARNES	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNNE TAYLOR	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LAVANE HERMAN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
SUE BUCKLEY	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN RYAN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BETH KELLEY	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
HOLT SKINNER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MARTHA WOLFF	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
VICKIE WHITAKER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
CHANDLER COX	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BARBARA ALTIZER	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
WILLIAM VINCENT	EXECUTIVE DIRECTOR	30.00	Officer Director	$49,734	$2,980	$52,714
TOM STEELE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
LUKE HAITHCOCK	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	$209,161	$275,133	$1,109,202	$-65,972
2023	$193,594	$210,306	$1,155,440	$-16,712
2022	$288,099	$161,780	$1,155,970	$126,319
2021	$130,427	$145,473	$1,088,404	$-15,046
2020	$173,755	$160,388	$1,041,563	$13,367
2019	$173,677	$158,457	$1,012,898	$15,220

ALAMANCE COUNTY HISTORICAL MUSEUM INC