WRIGHTSVILLE BEACH MUSEUM 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

1995

Legal Domicile

Principal Officer

JoEtta Cobb

Phone

9102562569

Tax Period

2019-01-01 to 2019-12-31

WRIGHTSVILLE BEACH MUSEUM INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $288K in total revenue in fiscal year 2019. The organization ran a surplus of $164K, a strong 57% operating margin.

Mission

The museum's program's highlight the history of Wrightsville Beach through exhibits and educational and community events.

Program Service Accomplishments

Program 1

Expenses: $83,322 Revenue: $0

Preservation and sharing of the history of Wrightsville Beach through exhibits and educational events. The people benefiting include the region's citizenship as well as a a large number of tourists...

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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 (2019)

Revenue Breakdown

Contributions & Grants $210,992

Program Service Revenue $28,433

Investment Income $0

Other Revenue $49,042

TOTAL REVENUE $288,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,332

Fundraising Expenses $8,287

Program Expenses $83,322

Other Expenses $60,840

TOTAL EXPENSES $124,172

Year-over-Year Comparison

	2019	2018	Change
Revenue	$288,467	N/A	N/A
Expenses	$124,172	N/A	N/A
Net Income	$164,295	$0	N/A

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

$40,381

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Madeline Flagler	Executive Director	40	Key Emp	$40,381	$0	$40,381
Brett Blizzard	Director	1	Director	$0	$0	$0
Lori Rosbrugh	Director	1	Director	$0	$0	$0
Dick Verrone	Director	1	Director	$0	$0	$0
Allie Rawl	Director	1	Director	$0	$0	$0
Jane Davis	Director	1	Director	$0	$0	$0
Sandy Thorpe	Director	1	Director	$0	$0	$0
Susan Snider	Director	1	Director	$0	$0	$0
Tina Williamson	Director	1	Director	$0	$0	$0
John Gardner	Director	1	Director	$0	$0	$0
JoEtta Cobb	President	10	Officer	$0	$0	$0
Ronnie Hunt	Vice President	2	Officer	$0	$0	$0
Sandi Keith	Treasurer	2	Officer	$0	$0	$0
Donna Starling	Secretary	2	Officer	$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	No data	No data	No data	No data
2019	$288,467	$124,172	$117,456	$164,295