AURORA FOSSIL MUSEUM FOUNDATION 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

1999

Legal Domicile

Principal Officer

WILLIAM COOK

Phone

2523224238

Tax Period

2023-07-01 to 2024-06-30

AURORA FOSSIL MUSEUM FOUNDATION INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $603K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO EDUCATE THE PUBLIC ABOUT PALEONTOLOGY IN AN ENJOYABLE MANNER WHILE EMPHASIZING THE NATURAL AND CULTURAL HISTORY OF EASTERN NORTH CAROLINA.

Program Service Accomplishments

Program 1

Expenses: $385,342

OPERATION OF AURORA FOSSIL MUSEUM IN ACCORDANCE WITH THE PRIMARY PURPOSE OF THE ORGANIZATION.

Program 2

Expenses: $76,031

THE IMAGINE-NC (INTEGRATING MATHEMATICS AND GEOLOGY IN EASTERN NORTH CAROLINA) PROJECT IS A COLLABORATIVE VENTURE BETWEEN THE AURORA FOSSIL MUSEUM, EAST CAROLINA UNIVERSITY, AND NUTRIEN. AWARDED...

THE IMAGINE-NC (INTEGRATING MATHEMATICS AND GEOLOGY IN EASTERN NORTH CAROLINA) PROJECT IS A COLLABORATIVE VENTURE BETWEEN THE AURORA FOSSIL MUSEUM, EAST CAROLINA UNIVERSITY, AND NUTRIEN. AWARDED THROUGH THE BURROUGHS WELLCOME FUND STUDENT SCIENCE ENRICHMENT PROGRAM, THE IMAGINE-NC PROJECT IS INTENDED TO INTRODUCE LOCAL AND REGIONAL AREA MIDDLE AND ELEMENTARY SCHOOL AGED CHILDREN TO STEM CONCEPTS THROUGH ENGAGING, HANDS- ON, INQUIRY-BASED METHODS. LEARNING ABOUT THE WORLD AROUND THEM, WHILE INTERACTING WITH SCIENTISTS, ENGINEERS, TECHNOLOGY SPECIALISTS, MATHEMATICIANS, AND EDUCATORS, STUDENTS WILL BUILD ON CLASSROOM INSTRUCTION KNOWLEDGE WHILE BEING INTRODUCED TO NEW SCIENCE AND MATH CONCEPTS THROUGH ENGAGING ACTIVITIES AND OPPORTUNITIES. THE PROJECT INCLUDES TWO 1-WEEK, NON-RESIDENTIAL SUMMER CAMPS AT THE AURORA FOSSIL MUSEUM AND IN THE AURORA, NC AREA; ONE WEEK FOR THIRTY 6-8 GRADE STUDENTS AND ONE WEEK FOR THIRTY 3-5 GRADE STUDENTS, PLUS FOUR WEEKEND ACTIVITIES DURING THE SCHOOL YEAR. PART OF THE RESULT OF THE IMAGINE-NC PROJECT IS THE DEVELOPMENT OF SCIENCE AND MATH MODULES BASED ON THE CAMP ACTIVITIES. THE MODULES WILL INCLUDE EQUIPMENT, INSTRUCTIONS, AND CURRICULUM IN COMPLIANCE WITH CURRENT STATE AND NATIONAL SCIENCE AND MATH EDUCATION STANDARDS. THESE MODULES WILL BE AVAILABLE FOR AREA/REGIONAL TEACHERS TO BORROW FOR USE IN THEIR CLASSROOMS. 34 CAMP PARTICIPANTS AND 16,453 TEACHER KIT PROGRAMS

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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 $432,434

Program Service Revenue $0

Investment Income $4,909

Other Revenue $165,782

TOTAL REVENUE $603,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,830

Fundraising Expenses $126,104

Program Expenses $461,373

Other Expenses $406,647

TOTAL EXPENSES $587,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$603,125	$736,131	-0.2%
Expenses	$587,477	$576,220	+0.0%
Net Income	$15,648	$159,911	-0.9%

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

191

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
KELLE BEATTY	MEMBER	1.00	Director	$0	$0	$0
DR MARGARET BLOME	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM COOK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CANDICE FULLER	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
WILLIAM R LATHAN	MEMBER	1.00	Director	$0	$0	$0
JOHN PRESCOTT	MEMBER	1.00	Director	$0	$0	$0
JOHN WHICHARD	MEMBER	1.00	Director	$0	$0	$0
GEORGE YOUNG	MEMBER	1.00	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	No data	No data	No data	No data
2024	$603,125	$587,477	$758,279	$15,648
2023	$736,131	$576,220	$745,417	$159,911
2022	$432,972	$451,790	$579,437	$-18,818
2021	$330,096	$280,892	$598,314	$49,204
2020	$343,176	$283,943	$573,938	$59,233
2019	$311,629	$302,603	$489,734	$9,026