CORE SOUND WATERFOWL MUSEUM (EIN 561776900) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Phone

2527281500

Tax Period

2024-07-01 to 2025-06-30

CORE SOUND WATERFOWL MUSEUM, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 196% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 58% operating margin.

Mission

TO SUPPORT & PRESERVE THE WAY OF LIFE OF COASTAL MARITIME COMMUNITIES IN THE CENTRAL COASTAL REGION OF EASTERN NORTH CAROLINA

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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 $2,016,780

Program Service Revenue $80,883

Investment Income $24,064

Other Revenue $273,514

TOTAL REVENUE $2,395,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $423,309

Fundraising Expenses $88,010

Program Expenses $750,186

Other Expenses $594,393

TOTAL EXPENSES $1,017,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,395,241	$808,000	+2.0%
Expenses	$1,017,702	$1,050,633	0.0%
Net Income	$1,377,539	$-242,633	-6.7%

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

250

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
KATHRYN CHADWICK	Secretary	2.00	Officer Director	$0	$0	$0
JAMES C BRILEY JR	Treasurer	2.00	Officer Director	$0	$0	$0
CINDY BROWN	Director	1.00	Director	$0	$0	$0
TOMMY JONES	Director	1.00	Director	$0	$0	$0
DOILY FULCHER	Director	0.00	Director	$0	$0	$0
SHANNON ADAMS	Vice-Chairman	1.00	Officer Director	$0	$0	$0
COREY LAWRENCE	Chairman	2.00	Officer Director	$0	$0	$0
BILL LATHAN	Director	1.00	Director	$0	$0	$0
JANET MCLENDON	Director	0.00	Director	$0	$0	$0
LOCKWOOD PHILLIPS	Director	1.00	Director	$0	$0	$0
CRAIG HAMILTON	Director	1.00	Director	$0	$0	$0
ROBBIE SMITH	Director	1.00	Director	$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	$2,395,241	$1,017,702	$5,892,464	$1,377,539
2024	$808,000	$1,050,633	$4,509,753	$-242,633
2023	$757,543	$890,683	$4,762,915	$-133,140
2022	$1,101,946	$886,066	$4,731,594	$215,880
2021	$930,381	$849,498	$4,648,825	$80,883
2020	$845,127	$709,960	$4,552,514	$135,167
2019	$1,004,230	$693,445	$4,927,533	$310,785

CORE SOUND WATERFOWL MUSEUM