PERSON COUNTY MUSEUM OF HISTORY 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

1993

Legal Domicile

Principal Officer

TERESA BURCH

Phone

3365972884

Tax Period

2023-07-01 to 2024-06-30

PERSON COUNTY MUSEUM OF HISTORY INC, founded in 1993, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $98K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $127K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE AND PRESERVE DOCUMENTATION OF THE HISTORY OF PERSON COUNTY, NORTH CAROLINA

Program Service Accomplishments

Program 1

Expenses: $109,424

ACQUISITION, RESTORATION, AND PRESERVANCE AND DISPLAY OF ARTIFACTS OF THE HISTORY OF PERSON COUNTY, NC

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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 (2023)

Revenue Breakdown

Contributions & Grants $81,443

Program Service Revenue $2,600

Investment Income $11,637

Other Revenue $2,642

TOTAL REVENUE $98,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,812

Fundraising Expenses $0

Program Expenses $109,424

Other Expenses $74,981

TOTAL EXPENSES $126,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,322	$78,694	+0.2%
Expenses	$126,793	$69,235	+0.8%
Net Income	$-28,471	$9,459	-4.0%

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

$39,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON NELSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SAUNDRA CLEMMONS	MEMBER	1.00	Director	$0	$0	$0
TERESA BURCH	TREASURER	1.00	Officer Director	$0	$0	$0
ALICIA PURYEAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM WADE	MEMBER	1.00	Director	$0	$0	$0
JENNIFER WILKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JAY HAZEL	MEMBER	1.00	Director	$0	$0	$0
SHELIA MCGHEE	MEMBER	1.00	Director	$0	$0	$0
SHIRLEY BROOKS	MEMBER	1.00	Director	$0	$0	$0
BRADSHER WILKINS	MEMBER	1.00	Director	$0	$0	$0
CARRIE CURRIE	EXECUTIVE DIRECTOR	10.00	Key Emp	$39,000	$0	$39,000

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	$98,322	$126,793	$1,091,990	$-28,471
2023	$78,694	$69,235	$1,120,851	$9,459
2021	$59,598	$30,447	$1,131,883	$29,151
2020	$38,431	$33,176	$1,103,589	$5,255
2019	$46,569	$82,062	$1,098,151	$-35,493
2018	$124,624	$75,368	$1,134,490	$49,256