THRONATEESKA HERITAGE FOUNDATION I

EIN: 581198471 501(c)(3) Arts, Culture & Humanities

ALBANY, GA

Total Revenue
$592,925
Total Expenses
$725,209
Total Assets
$7,703,571
Net Assets
$7,568,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
GA
Principal Officer
BILL COOLING
Phone
2294326955
Tax Period
2024-07-01 to 2025-06-30

THRONATEESKA HERITAGE FOUNDATION I, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $593K in total revenue in fiscal year 2024. Expenses of $725K exceeded revenue, resulting in a 22% operating deficit.

Mission

HISTORIC PRESERVATION AND EDUCATION. THRONATEESKA HERITAGE FOUNDATION INC COLLECTS ITEMS OF HISTORICAL, SCIENTIFIC, CULTURAL, AND AESTHETIC VALUE SIGNIFICANT TO THE UNDERSTANDING OF THE LIVES OF THE PEOPLE IN ALBANY AND SOUTHWEST GEORGIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $131,679
Program Service Revenue $314,537
Investment Income $123,305
Other Revenue $23,404
TOTAL REVENUE $592,925

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $655,358
Other Expenses $725,209
TOTAL EXPENSES $725,209

Year-over-Year Comparison

2024 2023 Change
Revenue $592,925 $591,339 +0.0%
Expenses $725,209 $792,283 -0.1%
Net Income $-132,284 $-200,944 -0.3%
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
13
Independent Members
13
Employees
N/A
Volunteers
50

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE BATES LIFETIME DIRECTOR 0.35
Director
$0 $0 $0
ANGIE JONES 2027 SECRETARY 0.70
Director
$0 $0 $0
MICHAEL BROWN 2025 DIRECTOR 0.35
Director
$0 $0 $0
HEATHER BYRANT 2025 DIRECTOR 0.35
Officer Director
$0 $0 $0
GREG FULLERTON 2026 DIRECTOR 0.35
Director
$0 $0 $0
SHANNON TURNER 2026 PRESIDENT 1.15
Officer Director
$0 $0 $0
SUSAN HARPER 2027 DIRECTOR 0.35
Director
$0 $0 $0
BILL MITCHELL 2027 DIRECTOR 0.35
Director
$0 $0 $0
RON SIMPSON 2027 TREASURER 0.70
Officer Director
$0 $0 $0
WESLEY MCMILLAN 2027 VICE PRESIDE 0.70
Director
$0 $0 $0
TOM SEEGMUELLER 2027 DIRECTOR 0.35
Director
$0 $0 $0
EMILY JEAN MCAFEE LIFETIME DIRECTOR 0.35
Director
$0 $0 $0
ANNE STOKES LIFETIME DIRECTOR 0.35
Director
$0 $0 $0
TOMMY GREGORS EXECUTIVE DI N/A
Officer
$0 $0 $0
BILL COOLING SR FINANCE D 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
2025 $592,925 $725,209 $7,703,571 $-132,284
2024 $591,339 $792,283 $7,781,662 $-200,944
2023 $684,789 $785,779 $7,865,979 $-100,990
2022 $603,912 $806,844 $7,990,759 $-202,932
2021 $606,668 $787,803 $8,696,830 $-181,135
2020 $580,345 $744,160 $8,715,644 $-163,815
2019 $705,926 $690,869 $8,896,042 $15,057
2018 $541,399 $670,452 $8,793,042 $-129,053
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