ROWAN MUSEUM INC (EIN 560625409) - Form 990 Financial Analysis & Trantor Score

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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

1953

Legal Domicile

Principal Officer

AARON KEPLEY

Phone

7046335946

Tax Period

2024-01-01 to 2024-12-31

ROWAN MUSEUM INC, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $356K in total revenue in fiscal year 2024. The organization ran a surplus of $138K, a strong 39% operating margin.

Mission

COLLECT, PRESERVE, RESEARCH, EXHIBIT, AND EDUCATE THE PUBLIC ABOUT THE HISTORY OF ROWAN COUNTY AND PIEDMONT NORTH CAROLINA THROUGH THE USE OF ITS PROPERTIES, PROGRAMS AND COLLECTIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $245,252

Program Service Revenue $3,474

Investment Income $69,920

Other Revenue $37,152

TOTAL REVENUE $355,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,212

Fundraising Expenses $0

Program Expenses $167,986

Other Expenses $62,551

TOTAL EXPENSES $217,763

Year-over-Year Comparison

	2024	2023	Change
Revenue	$355,798	$333,856	+0.1%
Expenses	$217,763	$215,394	+0.0%
Net Income	$138,035	$118,462	+0.2%

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

100

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

$54,961

Total Directors

$54,961

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON KEPLEY	EXEC DIR (CU	40.00	Officer Director	$20,530	$0	$20,530
EVIN BURLESON	EXEC DIR (PR	40.00	Officer Director	$34,431	$0	$34,431
NORMAN RIBELIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN BASINGER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TERRI MYERS	SECRETARY	N/A	Officer Director	$0	$0	$0
LARRY BROWN	TREASURER	N/A	Officer Director	$0	$0	$0
ALEXSANDRA ABRAMOWSKI	DIRECTOR	N/A	Director	$0	$0	$0
SIERRA BARGER	DIRECTOR	N/A	Director	$0	$0	$0
DOUG GLASGOW	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL BITZER	DIRECTOR	N/A	Director	$0	$0	$0
GARY FREEZE	DIRECTOR	N/A	Director	$0	$0	$0
ANNE MARIE MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
BEN FISHER	DIRECTOR	N/A	Director	$0	$0	$0
JOY FISHER	DIRECTOR	N/A	Director	$0	$0	$0
EVAN HIATT	DIRECTOR	N/A	Director	$0	$0	$0
JUDY HAIRE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KESLER	DIRECTOR	N/A	Director	$0	$0	$0
RANDY LASSITER	DIRECTOR	N/A	Director	$0	$0	$0
JAMES MILLER	DIRECTOR	N/A	Director	$0	$0	$0
JANET PYATT	DIRECTOR	N/A	Director	$0	$0	$0
SANDRA ROAKES	DIRECTOR	N/A	Director	$0	$0	$0
ANGELA THOMPSON	DIRECTOR	N/A	Director	$0	$0	$0
CRYSTAL WAGONER	DIRECTOR	N/A	Director	$0	$0	$0
MARY PONDS	DIRECTOR	N/A	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	$355,798	$217,763	$1,757,758	$138,035
2023	$333,856	$215,394	$1,619,723	$118,462
2022	$102,655	$184,493	$1,501,273	$-81,838
2021	$295,156	$160,497	$1,583,111	$134,659
2020	$201,202	$142,281	$1,471,804	$58,921
2019	$485,589	$203,375	$1,389,531	$282,214
2018	$485,291	$178,773	$1,107,315	$306,518

ROWAN MUSEUM INC