SOUTH BOSTON-HALIFAX COUNTY MUSEUM OF FINE ARTS AND HISTORY (EIN 541172219) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

JANE P DANIEL

Phone

4345729200

Tax Period

2024-06-01 to 2025-05-31

SOUTH BOSTON-HALIFAX COUNTY MUSEUM OF FINE ARTS AND HISTORY is a micro nonprofit in the Arts, Culture & Humanities sector that reported $59K in total revenue in fiscal year 2017. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 60% operating deficit.

Mission

THE MUSEUM IS OPERATED FOR THE COLLECTION, EXHIBITION, AND PRESERVATION OF ANTIQUES, WORKS OF ART, BOOKS, AND PHYSICAL ITEMS, WHICH ARE HISTORICALLY SIGNIFICANT TO THE PAST, PRESENT, AND FUTURE HERITAGE OF HALIFAX COUNTY AND SOUTHSIDE VIRGINIA. IT FURTHER PERFORMS AND ENCOURAGES RESEARCH, PUBLISHES EXHIBITS, AND PRESERVES THE RESULTS OF SUCH RESEARCH.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $63,144

Program Service Revenue $0

Investment Income $120,748

Other Revenue $1,232

TOTAL REVENUE $185,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,290

Fundraising Expenses $0

Program Expenses $135,221

Other Expenses $91,564

TOTAL EXPENSES $183,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,124	$2,051,676	-0.9%
Expenses	$183,854	$124,857	+0.5%
Net Income	$1,270	$1,926,819	-1.0%

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
PAM SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MATT ABBOTT	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SMITH	DIRECTOR	2.00	Director	$0	$0	$0
LARRY CLARK	DIRECTOR	2.00	Director	$0	$0	$0
TOMOKO GILLESPIE	DIRECTOR	2.00	Director	$0	$0	$0
SHIRLA HUDSON	DIRECTOR	2.00	Director	$0	$0	$0
SHIRLEY MCCALEB	DIRECTOR	2.00	Director	$0	$0	$0
PHYLLIS SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CAROLYN SHORTT	DIRECTOR	2.00	Director	$0	$0	$0
PAULA BRYANT	DIRECTOR	2.00	Director	$0	$0	$0
FRANK LEE	DIRECTOR	2.00	Director	$0	$0	$0
KRIS SKELDON-GOMER	DIRECTOR	2.00	Director	$0	$0	$0
CHARLOTTE TETTERTON	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS FORD	PRESIDENT	2.00	Officer	$0	$0	$0
GERALD ROXBURY	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
JANE DANIEL	TREASURER	2.00	Officer	$0	$0	$0
LINDA MERCER	SECRETARY	2.00	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	$185,124	$183,854	$2,797,351	$1,270
2024	$2,051,676	$124,857	$2,625,173	$1,926,819
2021	$135,008	$152,524	$533,565	$-17,516
2020	$70,602	$88,354	$551,081	$-17,752
2019	$74,463	$88,396	$568,587	$-13,933
2018	$58,732	$94,057	$582,619	$-35,325

SOUTH BOSTON-HALIFAX COUNTY MUSEUM OF FINE ARTS AND HISTORY