RANDOLPH HERITAGE CONSERVANCY 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

1994

Legal Domicile

Principal Officer

L MCKAY WHATLEY

Phone

3363181484

Tax Period

2025-01-01 to 2025-12-31

RANDOLPH HERITAGE CONSERVANCY INC, founded in 1994, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $117 in total revenue in fiscal year 2025. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $19K exceeded revenue, resulting in a 16348% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED AND OPERATED TO PRESERVE THE HISTORIC, CULTURAL, NATURAL, SCENIC AND RECREATIONAL RESOURCES OF THE DEEP RIVER REGION OF NC AND TO PRESERVE, EXHIBIT AND INTERPRET THE HISTORY OF THE AMERICAN TEXTILE INDUSTRY AND ITS INNOVATIVE TRADITIONS OR MANUFACTURING AN MECHANICAL ENGINEERING.

Program Service Accomplishments

Program 1

Expenses: $17,607

THE ORGANIZATION WAS SELECTED BY THE AMERICAN TEXTILE HISTORY MUSEUM TO BE THE RECIPIENT AND CUSTONDIAN OF ITS AMERICAN TEXTILE MACHINERY COLLECTION WHEN ATHM DISCONTNUED OPERATIONS AND LIQUIDATED...

THE ORGANIZATION WAS SELECTED BY THE AMERICAN TEXTILE HISTORY MUSEUM TO BE THE RECIPIENT AND CUSTONDIAN OF ITS AMERICAN TEXTILE MACHINERY COLLECTION WHEN ATHM DISCONTNUED OPERATIONS AND LIQUIDATED ITS ASSETS. CURRENTLY THE ORGANIZATION IS REPAIRING AND RENOVATING A DEFUNCT TEXTILE FACTORY AND THE AJOINING PROPERTY TO SERVE AS A MUSEUM OF TEXTILE ARTIFACTS AND MACHINERY. THE MACHINERY COLLECTION IS A LANDMARK OF AMERICAN MECHANICAL ENGINEERING, DESIGNATED BY THE ASME, AND ITS PRESERVATION IS NATIONALLY IMPORTANT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $100

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,607

Other Expenses $19,244

TOTAL EXPENSES $19,244

Year-over-Year Comparison

	2025	2024	Change
Revenue	$117	$214,058	-1.0%
Expenses	$19,244	$20,730	-0.1%
Net Income	$-19,127	$193,328	-1.1%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CHRISTIAN	TREASURER	10.00	Officer Director	$0	$0	$0
WARREN DIXON	DIRECTOR	10.00	Officer Director	$0	$0	$0
EVAN MORRISON	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
HEATHER VUNCANNON	SECRETARY	10.00	Officer Director	$0	$0	$0
L MCKAY WHATLEY	PRESIDENT	10.00	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	$117	$19,244	$1,636,611	$-19,127
2024	$214,058	$20,730	$1,645,888	$193,328
2023	$80,343	$32,982	$1,449,979	$47,361
2022	$1,064,238	$79,555	$1,404,048	$984,683
2021	$15,535	$15,623	$417,935	$-88
2020	$303,150	$58,667	$418,020	$244,483
2019	$164,100	$155,741	$423,537	$8,359