HISTORICAL SOCIETY OF TOPSAIL ISLAND NC

EIN: 561501496 501(c)(3)

TOPSAIL BEACH, NC

Total Revenue
$296,898
Total Expenses
$305,984
Total Assets
$911,175
Net Assets
$911,175
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
CINDY SCAPARROTTI
Phone
9103288663
Tax Period
2023-06-01 to 2024-05-31

HISTORICAL SOCIETY OF TOPSAIL ISLAND NC, founded in 1989, is a small nonprofit that reported $297K in total revenue in fiscal year 2023. Net assets of $911K represent 37 months of operating reserves.

Mission

THE HISTORICAL SOCIETY OF TOPSAIL ISLAND IS DEDICATED TO THE COLLECTION, PRESERVATION AND PROMOTION OF THE HISTORY OF THE GREATER TOPSAIL ISLAND AREA

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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 $31,899
Program Service Revenue $55,942
Investment Income $9,817
Other Revenue $199,240
TOTAL REVENUE $296,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,103
Fundraising Expenses $0
Program Expenses $131,933
Other Expenses $259,881
TOTAL EXPENSES $305,984

Year-over-Year Comparison

2023 2022 Change
Revenue $296,898 $282,237 +0.1%
Expenses $305,984 $250,176 +0.2%
Net Income $-9,086 $32,061 -1.3%
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
14
Independent Members
14
Employees
4
Volunteers
275

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
4
$0
Total Directors
17
$40,210
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MORRIS PAST PRESIDE N/A
Director
$0 $0 $0
CINDY SCAPARROTTI PRESIDENT N/A
Officer
$0 $0 $0
BOBBIE MORRISON TREASURER N/A
Officer
$0 $0 $0
ANN TUMBLIN RECORDING SE N/A
Officer
$0 $0 $0
STELLA SPERA EVENTS SCHED 5.00
Director
$6,753 $0 $6,753
STEVE GORDON AWT CHAIRMAN N/A
Director
$0 $0 $0
GAYLENE BRANTON LUNCHEONS/MA N/A
Director
$0 $0 $0
TYLER REDINGER DOCK MASTER N/A
Director
$0 $0 $0
KAREN GAVIGAN EDUCATION N/A
Director
$0 $0 $0
GWEN WARD PARLIAMENTAR N/A
Director
$0 $0 $0
JEFF WENZEL JINGLE BELL N/A
Director
$0 $0 $0
STEVE SMITH TRUSTEE N/A
Director
$0 $0 $0
CECILE BROADHURST TRUSTEE EMER N/A
Director
$0 $0 $0
BILL TUMBLIN TRUSTEE N/A
Director
$0 $0 $0
DAVE MILLER FACILITIES M 16.00
Director
$12,711 $0 $12,711
LAURETTE GORDON MUSEUM DIREC 21.00
Director
$16,673 $0 $16,673
LORRAINE WATSON MUSEUM CASHI 16.00
Director
$4,073 $0 $4,073
LARRY COMBS TRUSTEE N/A
Director
$0 $0 $0
JOE PFANZELTER BINGO N/A
Director
$0 $0 $0
VICKI WIGGINS PRG MUSEUM T N/A
Director
$0 $0 $0
KATHY HART VICE PRESIDE N/A
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 $296,898 $305,984 $911,175 $-9,086
2023 $282,237 $250,176 $900,939 $32,061
2022 $308,619 $165,153 $876,576 $143,466
2021 $110,802 $124,248 $747,759 $-13,446
2020 $215,983 $154,520 $753,294 $61,463
2019 $199,038 $196,419 $713,033 $2,619
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