C GRIER BEAM TRUCK MUSEUM

EIN: 581611900 501(c)(3) Arts, Culture & Humanities

CHERRYVILLE, NC

Total Revenue
$73,082
Total Expenses
$83,861
Total Assets
$533,632
Net Assets
$532,860
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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
1982
Legal Domicile
NC
Principal Officer
M'SHEL BEAM BOWEN
Phone
7044353072
Tax Period
2024-01-01 to 2024-12-31

C GRIER BEAM TRUCK MUSEUM, founded in 1982, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $73K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $84K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO EDUCATE THE PUBLIC ABOUT THE TRUCKING INDUSTRY AND ITS HISTORY.

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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 $35,454
Program Service Revenue $3,724
Investment Income $31,635
Other Revenue $2,269
TOTAL REVENUE $73,082

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,380
Fundraising Expenses $0
Program Expenses $64,150
Other Expenses $33,481
TOTAL EXPENSES $83,861

Year-over-Year Comparison

2024 2023 Change
Revenue $73,082 $86,202 -0.2%
Expenses $83,861 $78,183 +0.1%
Net Income $-10,779 $8,019 -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

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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
2

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
2
$46,800
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STAN BUMGARNER TREASURER 20.00
Officer
$10,400 $0 $10,400
KATHY BUMGARNER SECRETARY 20.00
Officer
$36,400 $0 $36,400
MILLICENT HEAVNER BOARD MEMBER N/A
Director
$0 $0 $0
JOHN L FRALEY JR BOARD MEMBER N/A
Director
$0 $0 $0
M'SHEL BEAM BOWEN BOARD CHAIRM N/A
Director
$0 $0 $0
ANGIE UPCHURCH BOARD MEMBER N/A
Director
$0 $0 $0
JOHN RUDASILL BOARD MEMBER N/A
Director
$0 $0 $0
REID HUSS BOARD MEMBER N/A
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 $73,082 $83,861 $533,632 $-10,779
2023 $86,202 $78,183 $546,205 $8,019
2022 $42,755 $76,746 $534,844 $-33,991
2021 $73,884 $72,165 $642,582 $1,719
2020 $48,881 $53,691 $642,924 $-4,810
2019 $45,300 $68,211 $616,659 $-22,911
2018 $57,631 $74,127 $618,838 $-16,496
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