WAKE FOREST COLLEGE BIRTHPLACE SOC… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

WALT REYNOLDS

Tax Period

2025-01-01 to 2025-12-31

WAKE FOREST COLLEGE BIRTHPLACE SOCIETY INC, founded in 1960, is a small nonprofit that reported $185K in total revenue in fiscal year 2025. Net assets of $3.2M represent 211 months of operating reserves.

Mission

TO PRESERVE, SHARE, AND SUPPORT THE FULL UNIQUE HISTORY AND CULTURE OF WAKE FOREST - COLLEGE, TOWN, AND UNIVERSITY; AND IN COOPERATION WITH WAKE FOREST UNIVERSITY TO CREATE A LIVING LABORATORY OF ACADEMIC INQUIRY INTO CIVIC, COMMUNITY, AND INSTITUTIONAL HISTORY.

Program Service Accomplishments

Program 1

Expenses: $63,188

MAINTAIN THE CALVIN JONES HOUSE (C. 1820) AND OFFER FREE GUIDED TOURS TO THE PUBLIC. IN 2025, 82,526 OF IN-KIND SERVICES WERE RECEIVED FROM WAKE FOREST UNIVERSITY STAFF VOLUNTEERING AT THE CALVIN...

MAINTAIN THE CALVIN JONES HOUSE (C. 1820) AND OFFER FREE GUIDED TOURS TO THE PUBLIC. IN 2025, 82,526 OF IN-KIND SERVICES WERE RECEIVED FROM WAKE FOREST UNIVERSITY STAFF VOLUNTEERING AT THE CALVIN JONES HOUSE.

Program 2

Expenses: $40,704

CONDUCT HISTORICAL RESEARCH AND PROVIDE FREE PUBLIC PROGRAMS, INCLUDING LECTURES, BOOK CLUB, HAPPY HOURS, SPECIAL EVENTS, VOLUNTEER PROGRAM, AND EDUCATIONAL NEWSLETTERS. VOLUNTEERS PROVIDED OVER...

CONDUCT HISTORICAL RESEARCH AND PROVIDE FREE PUBLIC PROGRAMS, INCLUDING LECTURES, BOOK CLUB, HAPPY HOURS, SPECIAL EVENTS, VOLUNTEER PROGRAM, AND EDUCATIONAL NEWSLETTERS. VOLUNTEERS PROVIDED OVER 1,500 HOURS OF SERVICE IN 2025. AS PART OF THE VOLUNTEER PROGRAM, WE OFFER QUARTERLY EDUCATION PROGRAMS ON HISTORY AND MUSEUM-RELATED TOPICS. IN 2025, 70,737 OF IN-KIND SERVICES WERE RECEIVED FROM WAKE FOREST UNIVERSITY STAFF, VOLUNTEERING TO PROVIDE RESEARCH AND PUBLIC PROGRAMS.

Program 3

Expenses: $65,892

MAINTAIN A MODERN MUSEUM FACILITY DEDICATED TO PRESERVING AND STORING HISTORICAL OBJECTS AND ARCHIVAL MATERIALS RELATED TO WAKE FOREST. MAINTAIN ROTATING AND PERMANENT EXHIBITS. IN 2025, 82,526 OF...

MAINTAIN A MODERN MUSEUM FACILITY DEDICATED TO PRESERVING AND STORING HISTORICAL OBJECTS AND ARCHIVAL MATERIALS RELATED TO WAKE FOREST. MAINTAIN ROTATING AND PERMANENT EXHIBITS. IN 2025, 82,526 OF IN-KIND SERVICES WERE RECEIVED FROM WAKE FOREST UNIVERSITY STAFF VOLUNTEERING TO MAINTAIN THE MUSEUM. IN ADDITION, 50,200 OF IN-KIND SERVICES WERE RECEIVED FROM VOLUNTEERS PROVIDING GARDENING, HANDYMAN,LAWN CARE SERVICES AND LANDSCAPING SERVICES .

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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 $139,221

Program Service Revenue $0

Investment Income $42,020

Other Revenue $3,787

TOTAL REVENUE $185,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,959

Program Expenses $169,784

Other Expenses $197,882

TOTAL EXPENSES $199,841

Year-over-Year Comparison

	2025	2024	Change
Revenue	$185,028	$176,082	+0.1%
Expenses	$199,841	$111,118	+0.8%
Net Income	$-14,813	$64,964	-1.2%

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
WALT REYNOLDS	PRESIDENT	4.00	Officer Director	$0	$0	$0
SANDRA BOYETTE	VICE PRESIDE	4.00	Officer Director	$0	$0	$0
ROB OUTLAND	2ND VICE PRE	4.00	Officer Director	$0	$0	$0
ELIZABETH MELVIN	SECRETARY	0.50	Officer Director	$0	$0	$0
KEN WRIGHT	TREASURER	4.00	Officer Director	$0	$0	$0
SHELMER BLACKBURN JR	WFU BOARD OF	0.50	Director	$0	$0	$0
ELAINE COOKE	BOARD MEMBER	0.50	Director	$0	$0	$0
RUTH ANN DYER	BOARD MEMBER	0.50	Director	$0	$0	$0
HALLIE HEARN	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH LAUGHRIDGE	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN MITCHELL	BOARD MEMBER	0.50	Director	$0	$0	$0
CHIP RUSSELL	BOARD MEMBER	0.50	Director	$0	$0	$0
KEITH SHACKLEFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
JANICE WILLIAMS	BOARD MEMBER	0.50	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	$185,028	$199,841	$3,254,026	$-14,813
2024	$176,082	$111,118	$3,257,263	$64,964
2023	$561,673	$372,109	$3,210,234	$189,564
2022	$83,760	$92,362	$3,035,694	$-8,602
2021	$181,614	$74,334	$3,068,479	$107,280
2020	$100,243	$94,619	$2,979,641	$5,624
2019	$128,671	$85,046	$2,968,631	$43,625
2018	$126,276	$74,375	$2,941,809	$51,901

WAKE FOREST COLLEGE BIRTHPLACE SOCIETY INC