TRYON PALACE FOUNDATION INC (EIN 561795949) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

ANNE SCHOUT

Phone

2526393611

Tax Period

2024-01-01 to 2024-12-31

TRYON PALACE FOUNDATION INC, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 67% operating margin.

Mission

TO SUPPORT THE ACTIVITIES AND PURPOSE OF TRYON PALACE, A HISTORIC SITE OWNED AND OPERATED BY THE STATE OF NORTH CAROLINA AND LOCATED IN NEW BERN, NORTH CAROLINA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,692,150

Program Service Revenue $3,238

Investment Income $336,095

Other Revenue $5,998

TOTAL REVENUE $3,037,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $26,077

Program Expenses $856,595

Other Expenses $1,003,252

TOTAL EXPENSES $1,003,252

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,037,481	$1,384,157	+1.2%
Expenses	$1,003,252	$510,873	+1.0%
Net Income	$2,034,229	$873,284	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

357

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

$20,000

Total Directors

$52,640

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR JAMES COPLAND IV	DIRECTOR	3.25	Director	$0	$0	$0
MS ROZANNE B MCCOTTER	DIRECTOR	3.25	Director	$0	$0	$0
MR CRAIG ALLEN	DIRECTOR	3.25	Director	$0	$0	$0
MR RANDAL HUNTER	VICE PRESIDENT	3.25	Officer Director	$0	$0	$0
MR ROSS HARDEMAN	DIRECTOR	3.25	Director	$0	$0	$0
MS SUSAN MOFFAT THOMAS	DIRECTOR	3.25	Director	$0	$0	$0
MS CAROLE KEMP	DIRECTOR	3.25	Director	$0	$0	$0
MR THOMAS MONTE	DIRECTOR	5.00	Director	$0	$0	$0
MS SALLIE BAXTER	DIRECTOR	3.25	Director	$0	$0	$0
MR MARK GATLIN	DIRECTOR	3.25	Director	$0	$0	$0
MS CAROL MATTOCKS	DIRECTOR	3.25	Director	$0	$0	$0
MS CECE MAY SCOTT	DIRECTOR	3.25	Director	$0	$0	$0
MR PARESH PANKHAVALA	DIRECTOR	3.25	Director	$0	$0	$0
MS ANNE SCHOUT	PRESIDENT	5.00	Officer Director	$0	$0	$0
MR JUDSON MCADEN	DIRECTOR	3.25	Director	$0	$0	$0
MR JIM ROBINSON	DIRECTOR	3.25	Director	$0	$0	$0
MS CATHERINE LITTLE	DIRECTOR	3.25	Director	$0	$0	$0
MR LEE HODGE	DIRECTOR	3.25	Director	$0	$0	$0
MR JOE ANDERSON	DIRECTOR	3.25	Director	$32,640	$0	$32,640
MR WILLIAM S CORBITT	DIRECTOR	3.25	Director	$0	$0	$0
MR JOHN W KING	DIRECTOR	3.25	Director	$0	$0	$0
MR BILL KWASNICK	DIRECTOR	3.25	Director	$0	$0	$0
MR DAWN PEELE	DIRECTOR	3.25	Director	$0	$0	$0
MS CHRYSTAL REGAN ED	SECRETARY/TREASURER	5.00	Officer Director	$20,000	$0	$20,000
MR WILLIAM HOLLOWELL	DIRECTOR	3.25	Director	$0	$0	$0
MR DARIN WATERS	EX-OFFICIO	3.25	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
2024	$3,037,481	$1,003,252	$9,633,044	$2,034,229
2023	$1,384,157	$510,873	$7,349,472	$873,284
2022	$781,725	$460,948	$5,996,950	$320,777
2021	$1,856,143	$1,153,286	$6,143,805	$702,857
2020	$1,468,918	$556,902	$5,446,655	$912,016
2019	$955,753	$738,336	$4,394,642	$217,417
2018	$1,268,550	$498,023	$3,911,883	$770,527

TRYON PALACE FOUNDATION INC