HICKORY MUSEUM OF ART INC (EIN 561144769) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

PETER MAXWELL

Phone

8283278576

Tax Period

2024-07-01 to 2025-06-30

HICKORY MUSEUM OF ART INC, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $889K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $5.6M represent 75 months of operating reserves.

Mission

EDUCATIONAL: TO INCREASE THE PUBLIC'S POPULAR APPRECIATION OF ALL FORMS OF THE VISUAL ARTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $484,397

Program Service Revenue $71,949

Investment Income $244,278

Other Revenue $88,875

TOTAL REVENUE $889,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,044

Fundraising Expenses $175,227

Program Expenses $527,934

Other Expenses $370,762

TOTAL EXPENSES $911,806

Year-over-Year Comparison

	2024	2023	Change
Revenue	$889,499	$813,552	+0.1%
Expenses	$911,806	$832,136	+0.1%
Net Income	$-22,307	$-18,584	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$100,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER MAXWELL	TREASURER	9.00	Officer Director	$0	$0	$0
CHRISTY ALMOND	TRUSTEE	5.00	Director	$0	$0	$0
KIT CANNON	TRUSTEE	5.00	Director	$0	$0	$0
CAMERON MAUNEY	TRUSTEE	5.00	Director	$0	$0	$0
ELEANOR HERBERT	TRUSTEE	5.00	Director	$0	$0	$0
RAISA BOBEN	TRUSTEE	5.00	Director	$0	$0	$0
DR HARRY TITUS	TRUSTEE	5.00	Director	$0	$0	$0
COLEMAN GUTSHALL	TRUSTEE	5.00	Director	$0	$0	$0
CANDI DULA	VICE PRESIDENT	9.00	Officer Director	$0	$0	$0
ALLEN FINLEY	TRUSTEE	5.00	Director	$0	$0	$0
DONNA PROPST	TRUSTEE	5.00	Director	$0	$0	$0
KIMBERLY WHITLEY	TRUSTEE	5.00	Director	$0	$0	$0
TIFFANY BRITTIAN	PRESIDENT	9.00	Officer Director	$0	$0	$0
ROBYN PARKER	TRUSTEE	5.00	Director	$0	$0	$0
ANGELA SHERRILL	SECRETARY	9.00	Officer Director	$0	$0	$0
CLARISSA STARNES	EXECUTIVE DIRECTOR	40.00	Officer	$87,550	$13,322	$100,872

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	$889,499	$911,806	$9,324,803	$-22,307
2024	$813,552	$832,136	$5,420,224	$-18,584
2023	$882,147	$769,305	$4,769,497	$112,842
2022	$985,614	$706,452	$4,357,355	$279,162
2021	$950,818	$615,976	$4,727,139	$334,842
2020	$772,407	$677,269	$3,641,954	$95,138
2019	$875,795	$655,439	$3,637,398	$220,356

HICKORY MUSEUM OF ART INC