FRIENDS OF THE NC STATE MUSEUM OF NATURAL SCIENCES (EIN 561240806) - 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

1979

Legal Domicile

Principal Officer

DENISE YOUNG

Phone

9197079962

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE NC STATE MUSEUM OF NATURAL SCIENCES, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.7M in total revenue in fiscal year 2024.

Mission

THE FRIENDS OF THE NC STATE MUSEUM OF NATURAL SCIENCES SUPPORTS THE MUSEUM IN ITS MISSION TO ILLUMINATE THE NATURAL WORLD AND INSPIRE ITS CONSERVATION.

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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 $2,622,215

Program Service Revenue $1,690,227

Investment Income $658,300

Other Revenue $1,778,372

TOTAL REVENUE $6,749,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,570,900

Fundraising Expenses $333,265

Program Expenses $5,994,896

Other Expenses $4,742,172

TOTAL EXPENSES $7,313,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,749,114	$6,712,161	+0.0%
Expenses	$7,313,072	$5,870,043	+0.2%
Net Income	$-563,958	$842,118	-1.7%

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

128

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

$431,563

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE TATE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JAKE SHEPHERD	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT SHELTON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOMMY SEVIER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN RUMSEY	VICE CHAIR (PARTIAL YEAR)	2.00	Officer Director	$0	$0	$0
MICHAEL RAPACZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT QUESENBERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
WILL POLK	BOARD MEMBER	1.00	Director	$0	$0	$0
ZEEL PATEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREA NIXON	EX-OFFICIO	1.00	Director	$0	$0	$0
LOU MUGLIA	BOARD MEMBER	1.00	Director	$0	$0	$0
WILL MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY DAHL MCLOUGHLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK MCINTIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
ALFRED LEACH	BOARD MEMBER	1.00	Director	$0	$0	$0
EILEEN GOLDGEIER	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY FULK	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA OAKLEY FOX	CHAIR	3.00	Officer Director	$0	$0	$0
DAVID EMSWILER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER ELAM	BOARD MEMBER	1.00	Director	$0	$0	$0
CHAD ECKHARDT	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSANDRA STROUD CONOVER	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA CHO	SECRETARY	2.00	Officer Director	$0	$0	$0
SLOAN CARPENTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DREW AMMONS	BOARD MEMBER	2.00	Director	$0	$0	$0
MISSIE THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNA TOWNSEND	TREASURER	2.00	Officer Director	$0	$0	$0
DENISE YOUNG	EXECUTIVE DIRECTOR & CEO	40.00	Officer	$33,116	$83,325	$431,563
MEREDITH DIXON	CHIEF FINANCIAL OFFICER	40.00	Officer	$0	$0	$0
SUSAN DIAZ	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$132,048	$16,174	$148,222
HEATHER FLYNT	CHIEF FINANCIAL OFFICER (PARTIAL YEAR)	40.00		$114,674	$4,159	$118,833

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	$6,749,114	$7,313,072	$12,897,252	$-563,958
2024	$6,712,161	$5,870,043	$13,061,809	$842,118
2023	$6,997,265	$5,035,905	$11,673,537	$1,961,360
2022	$7,068,167	$5,196,309	$9,530,191	$1,871,858
2021	$3,956,524	$2,991,156	$9,967,287	$965,368
2020	$3,773,298	$9,233,810	$10,856,637	$-5,460,512
2019	$5,988,908	$3,469,451	$12,418,762	$2,519,457
2018	$6,105,069	$4,116,321	$10,021,370	$1,988,748

FRIENDS OF THE NC STATE MUSEUM OF NATURAL SCIENCES