Henry County Furniture Museum Inc

EIN: 521285110 501(c)(3) Arts, Culture & Humanities

Bassett, VA

Total Revenue
$6,000
Total Expenses
$6,606
Total Assets
$445
Net Assets
$445
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
VA
Principal Officer
Edward White
Phone
2766296280
Tax Period
2018-01-01 to 2018-12-31

Henry County Furniture Museum Inc, founded in 2010, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $6K in total revenue in fiscal year 2018. Expenses of $7K exceeded revenue, resulting in a 10% operating deficit.

Mission

To promote, organize, participate, and encourgae interest in the community within Bassett, Virginia. The Museum maintains and perserves the heritage of the furniture industry for the surrounding area.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $6,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,556
Other Expenses $6,606
TOTAL EXPENSES $6,606

Year-over-Year Comparison

2018 2017 Change
Revenue $6,000 N/A N/A
Expenses $6,606 N/A N/A
Net Income $-606 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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
1

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert H Spilman Jr President 2.00
Officer Director
$0 $0 $0
John E Bassett III Vice President 2.00
Officer Director
$0 $0 $0
Edward H White Secretary/Treasurer 2.00
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
2018 $6,000 $6,606 $445 $-606
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