LAKE WACCAMAW DEPOT MUSEUM INC (EIN 581364860) - 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

1979

Legal Domicile

Principal Officer

REBECCA LANE

Phone

9106463484

Tax Period

2023-01-01 to 2023-12-31

LAKE WACCAMAW DEPOT MUSEUM INC, founded in 1979, is a micro nonprofit that reported $83K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $71K left a modest 14% surplus.

Mission

EDUCATIONAL MUSUEM

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,235

Program Service Revenue $73,464

Investment Income $40

Other Revenue $2,146

TOTAL REVENUE $82,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,858

Fundraising Expenses $0

Program Expenses $56,365

Other Expenses $57,637

TOTAL EXPENSES $71,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,885	$51,364	+0.6%
Expenses	$71,495	$54,786	+0.3%
Net Income	$11,390	$-3,422	-4.3%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

Independent Members

Employees

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
BEVERLY COY	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL THOMPSON	BOARD MEMEBR	1.00	Director	$0	$0	$0
CHRISTINE HOULIHAN	BOARD MEMEBR	1.00	Director	$0	$0	$0
DIANE EDMOND	CO CHAIRMAN	2.00	Officer Director	$0	$0	$0
JANET TYLER	BOARD MEMEBR	1.00	Director	$0	$0	$0
KAREN HALL	BOARD MEMEBR	1.00	Director	$0	$0	$0
LISA GURKIN	BOARD MEMEBR	1.00	Director	$0	$0	$0
REBECCA LANE	TREASURER	2.00	Officer Director	$0	$0	$0
RON DAVIS	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TIM CARSON	BOARD MEMEBR	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	No data	No data	No data	No data
2023	$82,885	$71,495	$213,946	$11,390
2022	$51,364	$54,786	$202,709	$-3,422
2021	$51,746	$52,589	$205,153	$-843
2020	$42,868	$35,740	$205,996	$7,128
2019	$81,669	$73,318	$199,310	$8,351
2018	$58,491	$57,602	$190,930	$889

LAKE WACCAMAW DEPOT MUSEUM INC