SCIENCE MUSEUMS OF WILSON INC

EIN: 561638334 501(c)(3) Arts, Culture & Humanities

WILSON, NC

Total Revenue
$435,524
Total Expenses
$480,507
Total Assets
$889,863
Net Assets
$826,800
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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
1989
Legal Domicile
NC
Principal Officer
BROOKE BISSETTE FARMER
Phone
2522915113
Tax Period
2023-07-01 to 2024-06-30

SCIENCE MUSEUMS OF WILSON INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $436K in total revenue in fiscal year 2023. Expenses of $481K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO OFFER A SCIENTIFIC LEARNING CENTER FOR CHILDREN OF ALL AGES

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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 $348,404
Program Service Revenue $79,424
Investment Income $360
Other Revenue $7,336
TOTAL REVENUE $435,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $225,544
Fundraising Expenses $3,365
Program Expenses $378,806
Other Expenses $254,963
TOTAL EXPENSES $480,507

Year-over-Year Comparison

2023 2022 Change
Revenue $435,524 $421,556 +0.0%
Expenses $480,507 $457,977 +0.0%
Net Income $-44,983 $-36,421 +0.2%
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
21
Volunteers
147

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
5
$35,207
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAYLOR CARLONE DIRECTOR 1.00
Director
$0 $0 $0
LANE MILLS DIRECTOR 1.00
Director
$0 $0 $0
TAJ MARTIN DIRECTOR 1.00
Director
$0 $0 $0
KIMBERLY VAN DYK DIRECTOR 1.00
Director
$0 $0 $0
WILL KOSTER DIRECTOR 1.00
Director
$0 $0 $0
MATT SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE PRIDGEN DIRECTOR 1.00
Director
$0 $0 $0
RHYAN BREEN PRESIDENT 2.00
Officer
$0 $0 $0
BRITTANY SMITH SECRETARY 2.00
Officer
$0 $0 $0
DENISE STINAGLE TREASURER 2.00
Officer
$0 $0 $0
BROOKE FARMER EXECUTIVE DIRECTOR 40.00
Officer
$35,207 $0 $35,207
BLAKE GODWIN VICE PRESIDENT 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
2025 No data No data No data No data
2024 $435,524 $480,507 $889,863 $-44,983
2023 $421,556 $457,977 $951,144 $-36,421
2022 $331,219 $457,313 $1,006,604 $-126,094
2021 $681,064 $435,923 $1,128,753 $245,141
2020 $337,154 $381,368 $1,131,451 $-44,214
2019 $419,396 $464,698 $1,233,808 $-45,302
2018 $357,474 $448,509 $1,373,333 $-91,035
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