MUSEUM OF THE NEW SOUTH INC

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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

1991

Legal Domicile

Phone

7043331887

Tax Period

2024-07-01 to 2025-06-30

MUSEUM OF THE NEW SOUTH INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 64% operating deficit.

Mission

Levine Museum's mission is to connect the past to the future to realize the promises of a New South through exhibits that explore complex chapters in the region's history and programs that launch dialogue, foster empathy, and build an equitable community.

Program Service Accomplishments

Program 1

Expenses: $2,257,705 Revenue: $52,285

For 35 years, Levine Museum of the New South has explored the region's history through exhibitions, educational programs, and conversations that provide context around contemporary issues, tackle...

For 35 years, Levine Museum of the New South has explored the region's history through exhibitions, educational programs, and conversations that provide context around contemporary issues, tackle important questions, and encourage necessary community dialogue. Levine Museum is a civic and educational institution located in center city Charlotte offering digital experiences, exhibitions, and programming for adults, families, children, and school audiences. The Museum has earned a local, national, and international reputation for creating innovative and ground-breaking exhibitions and programs that use history to build community. Levine Museum realized the following accomplishments in fiscal year 2025 : (Continued on Schedule O)

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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 $1,497,000

Program Service Revenue $48,043

Investment Income $349,566

Other Revenue $50,419

TOTAL REVENUE $1,945,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,037,654

Fundraising Expenses $383,049

Program Expenses $2,257,705

Other Expenses $1,151,312

TOTAL EXPENSES $3,188,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,945,028	$1,422,941	+0.4%
Expenses	$3,188,966	$2,913,508	+0.1%
Net Income	$-1,243,938	$-1,490,567	-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

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

$247,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen Wright	Board Chair	2.0	Officer Director	$0	$0	$0
Kate Maynard	Treasurer, Vice chair	2.0	Officer Director	$0	$0	$0
Kevin Malcolm	Secretary	2.0	Officer Director	$0	$0	$0
Ashley Durbin	Director	2.0	Director	$0	$0	$0
Brian Siegel	Director	2.0	Director	$0	$0	$0
Byron White	Director	2.0	Director	$0	$0	$0
CG Newsome	Director	2.0	Director	$0	$0	$0
Cynthia Wallace	Director	2.0	Director	$0	$0	$0
Gris Bailey	Director	2.0	Director	$0	$0	$0
Holly Eskridge	Director	2.0	Director	$0	$0	$0
Hunter Priester	Director	2.0	Director	$0	$0	$0
James LaBar	Director	2.0	Director	$0	$0	$0
Jamie Bigsby	Director	2.0	Director	$0	$0	$0
Jason Kim	Director	2.0	Director	$0	$0	$0
Jason Lloyd	Director	2.0	Director	$0	$0	$0
Jay Levell	Director	2.0	Director	$0	$0	$0
Joni Emry	Director	2.0	Director	$0	$0	$0
Liz Morrell	Director	2.0	Director	$0	$0	$0
Lucia Zapata-Griffith	Director	2.0	Director	$0	$0	$0
Ryan Rich	Director	2.0	Director	$0	$0	$0
Sarah Fatherly	Director	2.0	Director	$0	$0	$0
Sharon Harrington	Director	2.0	Director	$0	$0	$0
Shaun Kruse	Director	2.0	Director	$0	$0	$0
Tyler Niess	Director	2.0	Director	$0	$0	$0
Richard Cooper	President & CEO	40.0	Officer	$229,287	$18,281	$247,568
Frances Abbott	Chief Content Strategist	40.0	Highest	$105,977	$11,229	$117,206
Lisa Horldt	Chief Financial Officer	40.0	Highest	$105,172	$11,212	$116,384

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	$1,945,028	$3,188,966	$17,960,742	$-1,243,938
2024	$1,422,941	$2,913,508	$18,371,606	$-1,490,567
2023	$1,720,910	$3,047,096	$18,718,004	$-1,326,186
2022	$6,687,366	$2,062,685	$19,470,866	$4,624,681
2021	$2,256,283	$1,947,055	$16,301,203	$309,228
2020	$1,800,510	$2,064,443	$14,088,761	$-263,933
2019	$1,877,524	$2,324,850	$14,218,677	$-447,326