MUSE WINSTON-SALEM

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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

1997

Legal Domicile

Principal Officer

MIKE WAKEFORD

Phone

3367242842

Tax Period

2023-01-01 to 2023-12-31

MUSE WINSTON-SALEM, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $789K in total revenue in fiscal year 2023. Revenue surged 548% from the prior year, signaling strong growth momentum. The organization ran a surplus of $604K, a strong 76% operating margin.

Mission

TO CONNECT, ENRICH, AND ENLARGE THE COMMUNITY THROUGH HISTORY, STORYTELLING, AN INFORMED, BALANCED PERSPECTIVE THAT LEADS TO ACCEPTANCE, UNDERSTANDING, AND BELONGING.

Program Service Accomplishments

Program 1

Expenses: $65,981 Revenue: $5,000

MUSE WINSTON-SALEM PRESERVES, PROMOTES, AND PRESENTS LOCAL HISTORY THROUGH PROGRAMMING, EXHIBITIONS, AND ORAL HISTORY COLLECTION, ALL OF WHICH ARE INFUSED WITH COLLABORATIONS ACROSS THE COMMUNITY...

MUSE WINSTON-SALEM PRESERVES, PROMOTES, AND PRESENTS LOCAL HISTORY THROUGH PROGRAMMING, EXHIBITIONS, AND ORAL HISTORY COLLECTION, ALL OF WHICH ARE INFUSED WITH COLLABORATIONS ACROSS THE COMMUNITY. SINCE ITS INCEPTION IN 2012, THE MUSEUM HAS HOSTED NEARLY 150 PROGRAMS. CURRENTLY, MUSE WINSTON- SALEM CURATES PROGRAMS AT LOCATIONS THROUGHOUT THE CITY AND CONTINUES TO DEVELOP ITS ORAL HISTORY COLLECTION, WHILE PLANNING A NEW, PERMANENT HOME.

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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 $766,557

Program Service Revenue $5,000

Investment Income $1,996

Other Revenue $15,464

TOTAL REVENUE $789,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,921

Fundraising Expenses $53,548

Program Expenses $65,981

Other Expenses $96,501

TOTAL EXPENSES $185,422

Year-over-Year Comparison

	2023	2022	Change
Revenue	$789,017	$121,841	+5.5%
Expenses	$185,422	$150,794	+0.2%
Net Income	$603,595	$-28,953	-21.8%

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

$33,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WAKEFORD	INTERIM EX.	16.00	Officer	$33,582	$0	$33,582
KEVIN GOODE	TRUSTEE	1.00	Director	$0	$0	$0
KAREN RUIZ	TRUSTEE	1.00	Director	$0	$0	$0
THOM ELMORE	TRUSTEE	1.00	Director	$0	$0	$0
ANDY KRAFT	TRUSTEE	1.00	Director	$0	$0	$0
MILDRED PADEN	TRUSTEE	1.00	Director	$0	$0	$0
DR BENJAMIN SAYERS	TRUSTEE	1.00	Director	$0	$0	$0
BERKLEY INGRAM VON FEILITZSCH	TRUSTEE	1.00	Director	$0	$0	$0
BILLY RICH	TRUSTEE	1.00	Director	$0	$0	$0
DREW GERSTMYER	TRUSTEE	1.00	Director	$0	$0	$0
AKWETE MCALISTER	TRUSTEE	1.00	Director	$0	$0	$0
BEN BAKER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN QUINN	TRUSTEE	1.00	Director	$0	$0	$0
LOU BALDWIN	TRUSTEE	1.00	Director	$0	$0	$0
ENDIA BEAL	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN WINIKOFF	TRUSTEE	1.00	Director	$0	$0	$0
W WESLEY DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
VERONIQUE GEORGE	TRUSTEE	1.00	Director	$0	$0	$0
FRED TERRY	TRUSTEE	1.00	Director	$0	$0	$0
DR TERRY BROCK	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN KING DERAMUS	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY TANG	TRUSTEE	1.00	Director	$0	$0	$0
MEREDITH FRAZIER BRITT	CHAIR	1.00	Officer Director	$0	$0	$0
DR APRIL RUFFIN-ADAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAJESH KAPILESHWARI	TREASURER	1.00	Officer Director	$0	$0	$0
HEYWARD WHETSELL	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$789,017	$185,422	$1,679,062	$603,595
2022	$121,841	$150,794	$1,078,757	$-28,953
2021	$158,917	$140,290	$1,098,816	$18,627
2020	$387,068	$229,147	$1,092,673	$157,921