NORTH CAROLINA MUSEUM OF LIFE & SCIENCE INC (EIN 560938434) - 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

1946

Legal Domicile

Principal Officer

CARRIE M HEINONEN

Phone

9192205429

Tax Period

2022-07-01 to 2023-06-30

NORTH CAROLINA MUSEUM OF LIFE & SCIENCE INC, founded in 1946, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $15.9M in total revenue in fiscal year 2022. The organization ran a surplus of $2.8M, a strong 17% operating margin.

Mission

TO CREATE A PLACE OF LIFELONG LEARNING WHERE PEOPLE, FROM YOUNG CHILD TO SENIOR CITIZEN, EMBRACE SCIENCE AS A WAY OF KNOWING ABOUT THEMSELVES, THEIR COMMUNITY, AND THEIR WORLD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $7,482,738

Program Service Revenue $7,160,226

Investment Income $56,707

Other Revenue $1,217,245

TOTAL REVENUE $15,916,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,135,325

Fundraising Expenses $520,000

Program Expenses $9,885,001

Other Expenses $5,002,255

TOTAL EXPENSES $13,137,580

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,916,916	$15,316,951	+0.0%
Expenses	$13,137,580	$11,072,983	+0.2%
Net Income	$2,779,336	$4,243,968	-0.3%

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

285

Volunteers

200

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

$386,482

Total Directors

$226,453

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE M HEINONEN	PRESIDENT/CEO	40.00	Officer Director	$207,803	$18,650	$226,453
MELISSA RHODES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JAMES ERLINGER	BOARD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
JORDAN CLARK	IMM. PAST BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SANYIN SIANG	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
NICK DICOLANDREA	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
LUIS ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
LILITH ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RASHID BEYAH	DIRECTOR	1.00	Director	$0	$0	$0
BERNICE BOND	DIRECTOR	1.00	Director	$0	$0	$0
NIMASHEENA BURNS	DIRECTOR	1.00	Director	$0	$0	$0
NEVIN DARYANI	DIRECTOR	1.00	Director	$0	$0	$0
JENNY GIDLEY	DIRECTOR	1.00	Director	$0	$0	$0
NAKIA HARDY	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
TASHA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GEOFF KEEGAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCGEARY	DIRECTOR	1.00	Director	$0	$0	$0
GUDRUN PARMER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA ROBINETTE	DIRECTOR	1.00	Director	$0	$0	$0
NEELY SHAH	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN TAJLILI	DIRECTOR	1.00	Director	$0	$0	$0
LEONARDO WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE WOODS	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE H DURHAM	VICE PRESIDENT OF FINANCE	40.00	Officer	$61,847	$5,803	$67,650
DEBORAH C MAY	FORMER CFO/VICE PRESIDENT FOR ADMIN	40.00	Officer	$88,218	$4,161	$92,379
ROY A GRIFFITHS	VP FOR EXHIBITS	40.00	Highest	$124,540	$21,176	$145,716
ELIZABETH D HALL	VP FOR GUEST EXPERIENCES	40.00	Highest	$119,253	$15,613	$134,866

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$15,916,916	$13,137,580	$24,906,670	$2,779,336
2022	$15,316,951	$11,072,983	$22,539,686	$4,243,968
2021	$9,408,470	$10,149,864	$17,242,354	$-741,394
2020	$9,895,659	$10,166,454	$17,475,427	$-270,795
2019	$10,790,094	$10,511,111	$17,809,131	$278,983
2018	$15,314,887	$10,500,775	$17,273,743	$4,814,112

NORTH CAROLINA MUSEUM OF LIFE & SCIENCE INC