HISTORICAL SOCIETY OF HAYWOOD COUN… - Form 990 Financial Data

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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

1964

Legal Domicile

Phone

8282754057

Tax Period

2024-01-01 to 2024-12-31

HISTORICAL SOCIETY OF HAYWOOD COUNTY, founded in 1964, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $56K in total revenue in fiscal year 2024. Expenses of $53K left a modest 5% surplus.

Mission

TO DISCOVER, COLLECT, CODIFY AND PRESERVE HISTORICAL MATERIALS, PRIMARILY RELATED TO HAYWOOD COUNTY, IN WHATEVER FORM, PHYSICAL, WRITTEN, RECORDED AND ORAL, FOR THE BENEFIT OF THE SOCIETY, THE COUNTY AND THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $51,535

THE MUSEUM OF HAYWOOD COUNTY HISTORY IS OWNED BY HCHGS AND OPERATED BY THE MUSEUM OPERATIONS AND HISTORIC SITES COMMITTEE. THE COMMITTEE SCHEDULES AND LEADS TOURS, OVERSEES MAINTENANCE OF THE HOUSE, WELCOME CENTER, AND GROUNDS, DECIDES ON ITEMS FOR EXHIBITS, ORGANIZES THE LAYOUT OF THE EXHIBITS, AND MANAGES ANY OTHER NEEDS FOR THE SITE. THE COMMITTEE REPORTS DIRECTLY TO THE HCHGS PRESIDENT AND PROVIDE MUSEUM UPDATES TO THE BOARD OF DIRECTORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,196

Program Service Revenue $0

Investment Income $20

Other Revenue $149

TOTAL REVENUE $56,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,734

Fundraising Expenses $0

Program Expenses $51,535

Other Expenses $51,549

TOTAL EXPENSES $53,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,365	$55,960	+0.0%
Expenses	$53,283	$67,918	-0.2%
Net Income	$3,082	$-11,958	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MICHAEL MCLEAN	PRESIDENT	Officer	$0	$0	$0
VICKI SNYDER CLARK	SECRETARY	Officer	$0	$0	$0
ALEX MCKAY	DIRECTOR OF HISTORY	Officer	$0	$0	$0
FRANCES ADAMSON	DIRECTOR OF GENEALOGY	Officer	$0	$0	$0
LYNN NOLAND	DIRECTOR AT LARGE	Officer	$0	$0	$0
SHARON GARDNER	DIRECTOR AT LARGE	Officer	$0	$0	$0
JUNE JOLLEY	TREASURER	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	$56,365	$53,283	$356,611	$3,082
2023	No data	No data	No data	No data

HISTORICAL SOCIETY OF HAYWOOD COUNTY