Lincoln County Historical Association Inc

EIN: 561245526 501(c)(3)

Lincolnton, NC

Total Revenue
$96,800
Total Expenses
$61,775
Total Assets
$1,306,861
Net Assets
$1,306,506
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NC
Principal Officer
Carole Howell
Phone
7047489090
Tax Period
2023-07-01 to 2024-06-30

Lincoln County Historical Association Inc, founded in 1955, is a micro nonprofit that reported $97K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 36% operating margin.

Mission

To collect, preserve, and share the history, arts, and culture of the Lincoln County region through exhibitions, publications, educational initiatives, and programs.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $73,458
Program Service Revenue $6,725
Investment Income $16,617
Other Revenue $0
TOTAL REVENUE $96,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,055
Fundraising Expenses $0
Program Expenses $45,946
Other Expenses $59,720
TOTAL EXPENSES $61,775

Year-over-Year Comparison

2023 2022 Change
Revenue $96,800 $276,490 -0.6%
Expenses $61,775 $55,897 +0.1%
Net Income $35,025 $220,593 -0.8%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
58

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Carole Howell President 20.00
Officer
$0 $0 $0
Laura Gregory Treasurer 8.00
Officer
$0 $0 $0
Jamie Setzer Secretary 5.00
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 No data No data No data No data
2024 $96,800 $61,775 $1,306,861 $35,025
2023 $276,490 $55,897 $1,273,566 $220,593
2022 $417,335 $38,439 $1,053,408 $378,896
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