FRIENDS OF FORT FISHER INCORPORATED

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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

1960

Legal Domicile

Principal Officer

TYRONE M ROWELL

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF FORT FISHER INCORPORATED, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $335K in total revenue in fiscal year 2023. Revenue surged 205% from the prior year, signaling strong growth momentum. Expenses of $686K exceeded revenue, resulting in a 105% operating deficit.

Mission

OUR MISSION IS TO PRESERVE, ENHANCE AND INTERPRET THE FORT FISHER BATTLEGROUND, PROMOTING AN APPRECIATION FOR FORT FISHERS IMPORTANCE IN OUR NATIONS HISTORY.

Program Service Accomplishments

Program 1

Expenses: $686,135

THE ORGANIZATION MAINTAINS AND OPERATES THE MUSEUM GIFT SHOP THAT IS VISTED BY THOUSANDS OF VISITORS AND LCOAL RESIDENTS DURING THE YEAR.

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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 $275,162

Program Service Revenue $0

Investment Income $33,092

Other Revenue $26,687

TOTAL REVENUE $334,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,765

Fundraising Expenses $0

Program Expenses $686,135

Other Expenses $631,370

TOTAL EXPENSES $686,135

Year-over-Year Comparison

	2023	2022	Change
Revenue	$334,941	$109,894	+2.0%
Expenses	$686,135	$585,904	+0.2%
Net Income	$-351,194	$-476,010	-0.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WALLACE	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN DOWNING	SECRETARY	2.00	Officer	$0	$0	$0
TYRONE M ROWELL	CHAIRMAN	2.00	Officer	$0	$0	$0
MIKE MCCARLEY	VICE CHAIRMAN	2.00	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
2024	No data	No data	No data	No data
2023	$334,941	$686,135	$587,927	$-351,194
2022	$109,894	$585,904	$944,963	$-476,010
2021	$119,889	$67,286	$1,128,031	$52,603
2020	$444,689	$53,084	$1,070,515	$391,605
2019	$409,215	$207,483	$555,397	$201,732
2018	$132,915	$132,408	$356,081	$507