FRIENDS OF THE CITY OF RALEIGH MUSEUM (EIN 582069400) - 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

1993

Legal Domicile

Principal Officer

WILLIAM DYSON

Phone

9199962220

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE CITY OF RALEIGH MUSEUM, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $643K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $414K, a strong 64% operating margin.

Mission

TO FUNDRAISE FOR AND SUPPORT THE CITY OF RALEIGH MUSEUM'S EFFORTS TO PRESERVE THE HISTORY OF THE CITY OF RALEIGH, NC AND TEACH THE CITIZENS ABOUT THEIR HERITAGE.

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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 $419,690

Program Service Revenue $0

Investment Income $23,661

Other Revenue $200,027

TOTAL REVENUE $643,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $20,330

Program Expenses $192,293

Other Expenses $228,896

TOTAL EXPENSES $228,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$643,378	$427,764	+0.5%
Expenses	$228,896	$287,403	-0.2%
Net Income	$414,482	$140,361	+2.0%

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
ERIC SWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CRASH GREGG	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMMIE LYNN WACENSKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KYLE VANDERSLIK	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA SNEDEKER	CHAIR	1.00	Officer Director	$0	$0	$0
ALEX MCTIGHE	BOARD MEMBER	1.00	Director	$0	$0	$0
EVA KANG	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA FREEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GRANT SIMPKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
GRADY BUSSEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JHERI HARDAWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WAGNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN SZYMANKIEWICZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM DYSON	TREASURER	1.00	Officer 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
2025	$643,378	$228,896	$1,131,336	$414,482
2024	No data	No data	No data	No data
2023	$193,167	$133,074	$579,427	$60,093
2022	$140,453	$134,797	$518,248	$5,656
2021	$126,737	$147,201	$523,534	$-20,464
2020	$137,586	$145,015	$532,733	$-7,429
2019	$146,854	$180,771	$539,704	$-33,917
2018	$178,133	$181,713	$575,995	$-3,580

FRIENDS OF THE CITY OF RALEIGH MUSEUM