Suffolk Nansemond Historical Society (EIN 541703595) - 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

1966

Legal Domicile

Principal Officer

Kerry Holmes

Phone

7575392781

Tax Period

2024-01-01 to 2024-12-31

Suffolk Nansemond Historical Society, founded in 1966, is a micro nonprofit that reported $49K in total revenue in fiscal year 2018. Revenue surged 342% from the prior year, signaling strong growth momentum. Expenses of $68K exceeded revenue, resulting in a 38% operating deficit.

Mission

The mission of the Suffolk-Nansemond Historical Society is to collect, preserve, interpret and promote awareness of the history and culture of Suffolk and old Nansemond County for the education and enjoyment of present and future generations.

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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 $44,245

Program Service Revenue $0

Investment Income $8,073

Other Revenue $42,160

TOTAL REVENUE $94,478

Expense Breakdown

Grants Paid $525

Salaries & Benefits $17,427

Fundraising Expenses $3,376

Program Expenses $84,370

Other Expenses $83,110

TOTAL EXPENSES $101,062

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,478	$121,772	-0.2%
Expenses	$101,062	$144,418	-0.3%
Net Income	$-6,584	$-22,646	-0.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kimberly Blair-Greene	Executive Director	35.00		$16,132	$0	$16,132
E Lee King	Director	1.00	Director	$0	$0	$0
Kerry Holmes	President	1.00	Officer Director	$0	$0	$0
Thomas Arthur	Vice President	1.00	Officer Director	$0	$0	$0
Ralph Nahra	Director	0.00	Director	$0	$0	$0
Kermit Hobbs	Treasurer	1.00	Officer Director	$0	$0	$0
Steve Jackson	Secretary	1.00	Officer Director	$0	$0	$0
Justin Sorensen	Director	1.00	Director	$0	$0	$0
Kristy McCormally	Director	1.00	Director	$0	$0	$0
Lisa Amos	Director	1.00	Director	$0	$0	$0
Amy Ford	Director	1.00	Director	$0	$0	$0
Jordan Graff	Director	1.00	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
2024	$94,478	$101,062	$433,126	$-6,584
2023	$121,772	$144,418	$442,262	$-22,646
2022	$61,318	$82,686	$459,363	$-21,368
2021	$47,359	$60,844	$479,401	$-13,485
2020	$29,194	$56,054	$491,810	$-26,860
2019	$48,765	$70,036	$519,823	$-21,271
2018	$49,428	$68,190	$540,218	$-18,762

Suffolk Nansemond Historical Society