MIDDLETON PLACE FOUNDATION

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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

1974

Legal Domicile

Principal Officer

BETH KERRIGAN

Phone

8435566020

Tax Period

2022-07-01 to 2023-06-30

MIDDLETON PLACE FOUNDATION, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $854K, a strong 29% operating margin.

Mission

TO SUSTAIN THE HIGHEST LEVELS OF PRESERVATION AND INTERPRETATION FOR THE COLLECTIONS AND PROGRAMS OF THE MIDDLETON PLACE NATIONAL HISTORIC LANDMARK, ITS GARDENS, HOUSE, PLANTATION STABLEYARDS AND THE EDMONDSTON-ALSTON HOUSE MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $1,591,398 Revenue: $1,942,315

THE MIDDLETON PLACE FOUNDATION OWNS AND OPERATES THE GARDENS, HOUSE MUSEUM, AND PLANTATION STABLEYARDS AT MIDDLETON PLACE AND MANAGES THE EDMONDSTON-ALSTON HOUSE MUSEUM ON EAST BATTERY STREET IN...

THE MIDDLETON PLACE FOUNDATION OWNS AND OPERATES THE GARDENS, HOUSE MUSEUM, AND PLANTATION STABLEYARDS AT MIDDLETON PLACE AND MANAGES THE EDMONDSTON-ALSTON HOUSE MUSEUM ON EAST BATTERY STREET IN DOWNTOWN CHARLESTON.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,046,500

Program Service Revenue $1,936,371

Investment Income $-119,806

Other Revenue $68,706

TOTAL REVENUE $2,931,771

Expense Breakdown

Grants Paid $0

Salaries & Benefits $988,322

Fundraising Expenses $0

Program Expenses $1,591,398

Other Expenses $1,089,915

TOTAL EXPENSES $2,078,237

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,931,771	$3,222,058	-0.1%
Expenses	$2,078,237	$1,411,250	+0.5%
Net Income	$853,534	$1,810,808	-0.5%

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

183

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

$233,430

Total Directors

$108,430

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LAUGHLIN	CHAIR	1.00	Officer Director	$0	$0	$0
PIERRE MANIGAULT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES DUELL	PRESIDENT EMERITUS	25.00	Officer Director	$0	$4,215	$104,215
SALLIE DUELL	PRESIDENT EMERITUS	1.00	Officer Director	$0	$4,215	$4,215
RICHARD LEADEM	TREASURER	1.00	Officer Director	$0	$0	$0
CAROLINE PALMER	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT BELLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT BESSENT	BOARD MEMBER	1.00	Director	$0	$0	$0
OLIVIA BROCK	BOARD MEMBER	1.00	Director	$0	$0	$0
HERBERT DRAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR AC GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN GREEN	BOARD MEMBER	1.00	Director	$0	$0	$0
HANK HOLLIDAY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM KUYK	BOARD MEMBER	1.00	Director	$0	$0	$0
EARL MCMILLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE PRINGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
ASCANIO SERENA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE TINKER	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY TODD	CEO	40.00	Officer	$0	$0	$125,000

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	No data	No data	No data	No data
2023	$2,931,771	$2,078,237	$38,319,132	$853,534
2022	$3,222,058	$1,411,250	$37,050,119	$1,810,808
2021	$9,851,787	$1,564,600	$38,947,453	$8,287,187
2020	$2,683,861	$1,812,588	$27,733,809	$871,273
2019	$3,294,655	$1,823,001	$27,244,208	$1,471,654
2018	$2,865,559	$1,761,639	$25,815,569	$1,103,920