WACHOVIA HISTORICAL SOCIETY INC (EIN 566047896) - Form 990 Financial Analysis & Trantor Score

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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

1895

Legal Domicile

Principal Officer

KARL W KAPP

Phone

3362836237

Tax Period

2024-11-01 to 2024-12-31

WACHOVIA HISTORICAL SOCIETY INC, founded in 1895, is a micro nonprofit that reported $9K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6K, a strong 70% operating margin.

Mission

THE OBJECT OF THIS SOCIETY SHALL BE THE COLLECTION, PRESERVATION, AND DISSEMINATION OF EVERYTHING RELATING TO THE HISTORY ANTIQUITIES, AND LITERATURE OF THE MORAVIAN CHURCH IN THE SOUTH AND THE SECULAR AND RELIGIOUS DEVELOPMENT IN NORTH CAROLINA AND THE ADJOINING STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,449

Program Service Revenue $0

Investment Income $3,613

Other Revenue $1,182

TOTAL REVENUE $9,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,762

Other Expenses $2,762

TOTAL EXPENSES $2,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,244	$77,971	-0.9%
Expenses	$2,762	$14,179	-0.8%
Net Income	$6,482	$63,792	-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

N/A

Volunteers

N/A

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
ROGER CROOK	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE M DELAPP	DIRECTOR	1.00	Director	$0	$0	$0
NED ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD G HILL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES JOHNSON	TREASURER	3.00	Officer Director	$0	$0	$0
KARL W KAPP	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN LARSON	DIRECTOR	1.00	Director	$0	$0	$0
JAY LESTER	DIRECTOR	1.00	Director	$0	$0	$0
JACKSON MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA REMISHOFSKY	SECRETARY	3.00	Officer Director	$0	$0	$0
ZACH ROUTH	DIRECTOR	1.00	Director	$0	$0	$0
RICKY R SIDES	DIRECTOR	1.00	Director	$0	$0	$0
JIMMIE E SNYDER	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
ROBERT SPAUGH	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ULRIKE WEITHAUS	DIRECTOR	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
2024	$77,971	$14,179	$406,633	$63,792
2024	$9,244	$2,762	$410,908	$6,482

WACHOVIA HISTORICAL SOCIETY INC