MURFREESBORO HISTORICAL ASSOCIATION

EIN: 566085460 501(c)(3) Arts, Culture & Humanities

MURFREESBORO, NC

Total Revenue
$377,718
Total Expenses
$171,475
Total Assets
$5,088,421
Net Assets
$5,086,918
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NC
Principal Officer
JAMES MOORE
Phone
2523985922
Tax Period
2023-01-01 to 2023-12-31

MURFREESBORO HISTORICAL ASSOCIATION, founded in 1963, is a small nonprofit in the Arts, Culture & Humanities sector that reported $378K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $206K, a strong 55% operating margin.

Mission

TO PRESERVE THE ARCHITECHTURAL AND CULTURAL HERITAGE OF MURFREESBORO. IN FULFILLING THE MISSION, THE ASSOCIATION ENCOURAGES AND SUPPORTS THE ACQUISITION, RESTORATION, AND REHABILITATION OF HISTORIC PROPERTIES THROUGHOUT THE AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,999
Program Service Revenue $31,055
Investment Income $67,475
Other Revenue $215,189
TOTAL REVENUE $377,718

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,513
Fundraising Expenses $4,879
Program Expenses $115,250
Other Expenses $151,962
TOTAL EXPENSES $171,475

Year-over-Year Comparison

2023 2022 Change
Revenue $377,718 $170,280 +1.2%
Expenses $171,475 $714,722 -0.8%
Net Income $206,243 $-544,442 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
31
Employees
1
Volunteers
40

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA FRANCES HILL SECRETARY N/A
Officer
$0 $0 $0
JAMES MOORE PRESIDENT N/A
Officer
$0 $0 $0
PAIGE SUMNER TREASURER N/A
Officer
$0 $0 $0
ARMANDO TORRES VICE PRESIDE N/A
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
2024 No data No data No data No data
2023 $377,718 $171,475 $5,088,421 $206,243
2022 $170,280 $714,722 $4,881,585 $-544,442
2021 $471,070 $180,224 $5,425,898 $290,846
2020 $400,154 $231,724 $5,135,337 $168,430
2019 $877,044 $216,810 $4,966,791 $660,234
2018 $39,642 $150,623 $4,306,466 $-110,981
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