OLD SALEM INC

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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

1950

Legal Domicile

Principal Officer

TERRY TAYLOR

Phone

3367217300

Tax Period

2025-01-01 to 2025-12-31

OLD SALEM INC, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $76.6M represent 153 months of operating reserves.

Mission

THE PRESERVATION AND INTERPRETATION OF THE HISTORY AND MATERIAL CULTURE OF THE EARLY AMERICAN SOUTH AND THE MORAVIAN TOWN OF SALEM.

Program Service Accomplishments

Program 1

Expenses: $2,315,750 Revenue: $752,135

EDUCATIONAL PROGRAM: INTERPRETIVE TOURS, SPECIAL EVENTS AND MUSEUM CLASS PROGRAMS ARE HELD FOR EDUCATIONAL PURPOSES.

Program 2

Expenses: $1,205,904 Revenue: $391,666

HISTORICAL PRESERVATION PROGRAM: INCLUDES RESTORATION AND MAINTENANCE OF 30 HISTORIC PROPERTIES AND OVER 15,000 ANTIQUITIES ACQUIRED FOR COLLECTION AND EXHIBIT TO THE PUBLIC.

Program 3

Expenses: $1,606,298 Revenue: $521,710

MUSEUM PROGRAM: A MUSEUM OF EARLY SOUTHERN DECORATIVE ARTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,368,829

Program Service Revenue $952,402

Investment Income $1,978,335

Other Revenue $723,992

TOTAL REVENUE $6,023,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,658,958

Fundraising Expenses $408,433

Program Expenses $5,127,952

Other Expenses $2,507,942

TOTAL EXPENSES $6,166,900

Year-over-Year Comparison

	2025	2024	Change
Revenue	$6,023,558	$7,683,432	-0.2%
Expenses	$6,166,900	$6,391,535	0.0%
Net Income	$-143,342	$1,291,897	-1.1%

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

129

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

$140,076

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY TAYLOR	PRESIDENT/CE	40.00	Officer	$134,853	$5,223	$140,076
BARRY R SIDDEN	TRUSTEE	1.00	Director	$0	$0	$0
ANNE L LANTRY	TRUSTEE	1.00	Director	$0	$0	$0
DR EDWARD G HILL JR	TRUSTEE	1.00	Director	$0	$0	$0
DR THOMAS H SEARS JR	TRUSTEE	1.00	Director	$0	$0	$0
FLETCHER P WILSON	TRUSTEE	1.00	Director	$0	$0	$0
PEGGY C CARTER	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER L DUVALL	TRUSTEE	1.00	Director	$0	$0	$0
JULIANA FALK	TRUSTEE	1.00	Director	$0	$0	$0
DR TORREN GATSON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM T GOSSETT	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS C HINES	TRUSTEE	1.00	Director	$0	$0	$0
JESSE KEEVER	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY S PARRIS	TRUSTEE	1.00	Director	$0	$0	$0
FREDERICK W VAUGHAN	TRUSTEE	1.00	Director	$0	$0	$0
DR EUGENE W ADCOCK	TRUSTEE	1.00	Director	$0	$0	$0
G WILLIAM JOYNER III	TRUSTEE	1.00	Director	$0	$0	$0
TRENT JERNIGAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM E HOLLAN III	TRUSTEE	1.00	Director	$0	$0	$0
JUNE LUCAS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CASE	EX OFFICIO	1.00	Director	$0	$0	$0
DR GARY DAYNES	EX OFFICIO	1.00	Director	$0	$0	$0
DAVID BARRY SELF	EX OFFICIO	1.00	Director	$0	$0	$0
MARY TRIBBLE BEG MARCH 2025	EX OFFICIO	1.00	Director	$0	$0	$0
KAREN WALTERS END MARCH 2025	EX OFFICIO	1.00	Director	$0	$0	$0
KARL W KAPP	EX OFFICIO	1.00	Director	$0	$0	$0
DAVID W SHORE	CHAIR	1.00	Officer Director	$0	$0	$0
CYNTHIA SKAAR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
S HAYES WAUFORD JR	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM C MARINER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID WHARTON	PAST CHAIR	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	$6,023,558	$6,166,900	$78,197,865	$-143,342
2024	$7,683,432	$6,391,535	$73,818,193	$1,291,897
2023	$7,060,262	$6,101,907	$69,957,134	$958,355
2022	$6,551,134	$5,253,741	$66,335,974	$1,297,393
2021	$3,795,190	$4,621,944	$81,707,076	$-826,754
2020	$3,173,729	$4,370,329	$79,368,344	$-1,196,600
2020	$3,173,729	$4,370,329	$79,368,344	$-1,196,600
2019	$7,485,880	$6,472,083	$77,533,232	$1,013,797
2018	$5,823,103	$6,388,126	$72,441,999	$-565,023