LOUDOUN HERITAGE FARM MUSEUM

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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

2003

Legal Domicile

Principal Officer

RUMSEY LIGHT III

Phone

5712583800

Tax Period

2023-01-01 to 2023-12-31

LOUDOUN HERITAGE FARM MUSEUM, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $321K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $286K left a modest 11% surplus.

Mission

TO PRESERVE AND INTERPRET THE HISTORY OF AGRICULTURE AND RURAL LIFE IN LOUDOUN COUNTY FOR FUTURE GENERATIONS THROUGH EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $269,073

TO PROVIDE AN EDUCATIONAL ENVIRONMENT AND EDUCATIONAL PROGRAMS ON THE FARM EXPERIENCE THROUGH A MUSEUM, FARM TOURS/PROGRAMS, AND SOCIAL MEDIA.

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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 $222,874

Program Service Revenue $84,124

Investment Income $14,108

Other Revenue $-252

TOTAL REVENUE $320,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,371

Fundraising Expenses $606

Program Expenses $269,073

Other Expenses $80,624

TOTAL EXPENSES $285,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$320,854	$251,079	+0.3%
Expenses	$285,995	$244,953	+0.2%
Net Income	$34,859	$6,126	+4.7%

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

$61,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE MARIE D CHIRELEISON	EXECUTIVE DI	40.00	Officer	$61,539	$0	$61,539
MARK RONLOV	PRESIDENT	0.50	Officer Director	$0	$0	$0
BRYAN TURNER	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
RUMSEY LIGHT III	TREASURER	0.50	Officer Director	$0	$0	$0
SUSAN L WYANT	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
FRED L GEORGE	DIRECTOR	0.25	Director	$0	$0	$0
CHRIS GEROW	DIRECTOR	0.25	Director	$0	$0	$0
DOUGLAS HARRISON	DIRECTOR	0.25	Director	$0	$0	$0
LOREN HUDZIAK	DIRECTOR	0.25	Director	$0	$0	$0
ROLAND LEGARD	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM LEIGH	DIRECTOR	0.25	Director	$0	$0	$0
ERIN LOMBARDI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ROBERTS	DIRECTOR	9.00	Director	$0	$0	$0
LORI WYANT ROCKWELL	DIRECTOR	0.25	Director	$0	$0	$0
ERIK SCHLENER	DIRECTOR	0.25	Director	$0	$0	$0
TYLER WEGMEYER	DIRECTOR	0.25	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	No data	No data	No data	No data
2023	$320,854	$285,995	$588,294	$34,859
2022	$251,079	$244,953	$489,831	$6,126
2021	$196,478	$203,059	$569,666	$-6,581
2020	$185,145	$199,998	$516,279	$-14,853
2019	$235,633	$233,493	$485,868	$2,140
2018	$229,627	$207,996	$433,487	$21,631