HISTORIC CARSON HOUSE (EIN 560989729) - 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

2015

Legal Domicile

Phone

8287244948

Tax Period

2025-01-01 to 2025-12-31

HISTORIC CARSON HOUSE, founded in 2015, is a small nonprofit that reported $711K in total revenue in fiscal year 2025. Revenue surged 138% from the prior year, signaling strong growth momentum. The organization ran a surplus of $544K, a strong 76% operating margin.

Mission

TO RESTORE, PRESERVE AND MAINTAIN THE FORMER HOME OF JOHN H CARSON LOCATED AT 1805 HWY 70W, MARION, NC, FOR THE BENEFIT OF THE PEOPLE OF MCDOWELL COUNTY, THE STATE OF NORTH CAROLINA, AND THE UNITED STATES OF AMERICA

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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 $711,318

Program Service Revenue $0

Investment Income $24

Other Revenue $0

TOTAL REVENUE $711,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,611

Fundraising Expenses $0

Program Expenses $167,355

Other Expenses $112,744

TOTAL EXPENSES $167,355

Year-over-Year Comparison

	2025	2024	Change
Revenue	$711,342	$298,515	+1.4%
Expenses	$167,355	$127,927	+0.3%
Net Income	$543,987	$170,588	+2.2%

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

N/A

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
TERESA SHADOIN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
JAMES HANEY	EX-OFFICIO	2.00	Officer	$0	$0	$0
DOUGLAS SWAIM	VICE - CHAIRMAN	5.00	Officer	$0	$0	$0
PAULA AVERY	SECRETARY	5.00	Officer	$0	$0	$0
CHARLES ABERNATHY	CHAIRMAN	5.00	Officer	$0	$0	$0
SUSAN RANKIN	DIRECTOR	2.00	Officer	$0	$0	$0
LOTO GREENLEE	DIRECTOR	2.00	Officer	$0	$0	$0
KAREN DARK	EX-OFFICIO	2.00	Officer	$0	$0	$0
JESSICA MERRITT	DIRECTOR	2.00	Officer	$0	$0	$0
ALICE STECKER	DIRECTOR	2.00	Officer	$0	$0	$0
PAT MARLOWE	DIRECTOR	0.00	Officer	$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	$711,342	$167,355	$1,169,763	$543,987
2024	No data	No data	No data	No data
2023	$192,413	$145,196	$455,188	$47,217
2022	$101,479	$126,777	$762,151	$-25,298
2021	$105,992	$107,751	$790,747	$-1,759
2020	$77,826	$106,124	$791,151	$-28,298
2019	$123,153	$105,753	$818,503	$17,400
2018	$579,875	$153,757	$839,138	$426,118

HISTORIC CARSON HOUSE