OLD BALDY FOUNDATION INC (EIN 561457766) - 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

1985

Legal Domicile

Principal Officer

CHRIS WEBB

Phone

9104577481

Tax Period

2023-01-01 to 2023-12-31

OLD BALDY FOUNDATION INC, founded in 1985, is a small nonprofit that reported $697K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $360K, a strong 52% operating margin.

Mission

PURPOSE OF THE FOUNDATION IS THE OPERATION AND RESTORATION OF OLD BALDY, A LIGHTHOUSE ON BALD HEAD ISLAND, NC. THIS IS DONE THROUGH PUBLIC DONATIONS, RETAIL SALES, MUSEUM AND LIGHTHOUSE FEES AND SPECIAL TOURS/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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $419,743

Program Service Revenue $186,491

Investment Income $6,848

Other Revenue $84,212

TOTAL REVENUE $697,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $195,442

Fundraising Expenses $11,641

Program Expenses $268,397

Other Expenses $141,649

TOTAL EXPENSES $337,091

Year-over-Year Comparison

	2023	2022	Change
Revenue	$697,294	$358,841	+0.9%
Expenses	$337,091	$330,309	+0.0%
Net Income	$360,203	$28,532	+11.6%

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

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

$57,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS WEBB	EXECUTIVE DI	40.00	Officer	$57,200	$0	$57,200
MARK J PRAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM HENRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KIM GOTTSHALL	SECRETARY	1.00	Officer Director	$0	$0	$0
DOREEN FAIRBANK	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA SCHNOG	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE SHOWALTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTI GOLDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE MAGO	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
GRAHAM MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNY BECHERER	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN HENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS GILBERT	BOARD MEMBER	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$697,294	$337,091	$2,126,808	$360,203
2022	$358,841	$330,309	$1,747,249	$28,532
2021	$930,848	$370,769	$1,744,666	$560,079
2020	$218,215	$384,735	$1,207,716	$-166,520
2019	$445,645	$372,846	$1,068,979	$72,799
2018	$309,036	$355,181	$993,918	$-46,145
2017	$399,296	$326,146	$1,039,677	$73,150

OLD BALDY FOUNDATION INC