GREENSBORO HISTORICAL MUSEUM INC (EIN 560629340) - 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

1939

Legal Domicile

Principal Officer

CHRIS BABCOCK

Phone

3363732043

Tax Period

2024-01-01 to 2024-12-31

GREENSBORO HISTORICAL MUSEUM INC, founded in 1939, is a small nonprofit in the Arts, Culture & Humanities sector that reported $152K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $287K exceeded revenue, resulting in a 89% operating deficit.

Mission

TOGETHER WITH OUR DIVERSE COMMUNITIES, THE GREENSBORO HISTORY MUSEUM COLLECTS OBJECTS AND STORIES, CONNECTS GENERATIONS, AND CHALLENGES PEOPLE TO EXPLORE OUR CITY'S PAST, PRESENT, AND FUTURE.

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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 $115,120

Program Service Revenue $0

Investment Income $35,491

Other Revenue $1,028

TOTAL REVENUE $151,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,720

Program Expenses $214,663

Other Expenses $287,183

TOTAL EXPENSES $287,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,639	$109,227	+0.4%
Expenses	$287,183	$220,519	+0.3%
Net Income	$-135,544	$-111,292	+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

N/A

Volunteers

143

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
CAROL HART	MUSEUM DIRECTOR	40.00	Director	$0	$0	$0
GAYLE FRIPP	GUILFORD CO. HISTORIAN	3.00	Officer Director	$0	$0	$0
MARK KALEY	NOMINATING CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH DANNER	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS BABCOCK	FINANCE VP	3.00	Officer Director	$0	$0	$0
LAURA BAILEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
CYD FORBIS	BM CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
ANNE KOPPEN	EXECUTIVE SECRETARY	3.00	Officer Director	$0	$0	$0
MARCUS LEDBETTER	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI LITTLE	TRUSTEE	1.00	Director	$0	$0	$0
ODARO OMORUYI	TRUSTEE	3.00	Director	$0	$0	$0
JENNIFER PITTS	TRUSTEE	1.00	Director	$0	$0	$0
THERESA BYRD	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
SKIP CORNELIUSSEN	TRUSTEE	1.00	Director	$0	$0	$0
LENA MURRILL-CHAPMAN	VP MEMBERSHIP	3.00	Officer Director	$0	$0	$0
JENNIFER CARLSON	COMMUNITY VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KATE SCHLOSSER	BM CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
TERESA VINCENT	TRUSTEE	1.00	Director	$0	$0	$0
NAT CORWIN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY DOLL	TRUSTEE	1.00	Director	$0	$0	$0
CARO EVERTS	TRUSTEE	1.00	Director	$0	$0	$0
TIM HANLIN	TRUSTEE	1.00	Director	$0	$0	$0
SARAH HEALY	TRUSTEE	1.00	Director	$0	$0	$0
TURKESSHIA MOORE	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL PARMELE III	TRUSTEE	1.00	Director	$0	$0	$0
SAROJ PATNAIK	TRUSTEE	1.00	Director	$0	$0	$0
JACKIE SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
JULIA DICKENS	TRUSTEE	1.00	Director	$0	$0	$0
BRIDGET BLANTON	TRUSTEE	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	$151,639	$287,183	$1,803,180	$-135,544
2023	$109,227	$220,519	$1,805,521	$-111,292
2022	$106,404	$225,632	$1,713,142	$-119,228
2021	$105,953	$201,061	$2,083,616	$-95,108
2020	$326,544	$225,275	$2,062,347	$101,269
2019	$368,485	$350,171	$1,882,629	$18,314
2018	$264,991	$345,430	$1,655,958	$-80,439

GREENSBORO HISTORICAL MUSEUM INC