YANCEY HISTORY ASSOCIATION INC

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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

1983

Legal Domicile

Principal Officer

MARY HONEYCUTT

Phone

8286789587

Tax Period

2024-01-01 to 2024-12-31

YANCEY HISTORY ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $230K in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. The organization ran a surplus of $194K, a strong 84% operating margin.

Mission

to preserve, protect & display our culture, history and heritage of this area through archival collections, promotion of education, oral history, genealogical record and living history.

Program Service Accomplishments

Program 1

Expenses: $35,607 Revenue: $0

OPERATING EXPENSE FOR GENERAL UPKEEP AND OPERATIONS OF VISITOR CENTER AND MUSEUM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,634

Program Service Revenue $10,136

Investment Income $0

Other Revenue $750

TOTAL REVENUE $229,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,607

Other Expenses $35,607

TOTAL EXPENSES $35,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,520	$91,474	+1.5%
Expenses	$35,607	$32,941	+0.1%
Net Income	$193,913	$58,533	+2.3%

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

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
CHRISTINE CARTER	PRESIDENT	14.00	Officer Director	$0	$0	$0
MARY HONEYCUTT	TREASURER	2.00	Officer Director	$0	$0	$0
JULIA THOMPSON	SECRETARY	0.50	Officer Director	$0	$0	$0
DEBBY NANCE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JEAN PHILLIPS	HISTORIAN	3.00	Director	$0	$0	$0
ELAINE BOONE	MEMBER AT LARGE	2.00	Director	$0	$0	$0
MINNIE POWELL	MEMBER AT LARGE	0.30	Director	$0	$0	$0
DYLAN WILSON	MEMBER AT LARGE	6.00	Director	$0	$0	$0
JODY HIGGINS	MEMBER AT LARGE	2.00	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	$229,520	$35,607	$682,743	$193,913
2023	$91,474	$32,941	$488,830	$58,533
2022	$17,679	$32,349	$430,297	$-14,670
2021	$19,075	$26,715	$444,967	$-7,640
2020	$25,752	$34,004	$452,607	$-8,252
2019	$18,450	$27,114	$460,859	$-8,664
2018	$27,063	$36,344	$469,658	$-9,281