Morgan County Foundation Inc (EIN 586067915) - 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

1974

Legal Domicile

Principal Officer

ruth bracewell

Phone

7063424743

Tax Period

2024-07-01 to 2025-06-30

Morgan County Foundation Inc, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $845K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $3.4M represent 49 months of operating reserves.

Mission

The mission of the Madison Morgan Cultural Center is to enhance education and enjoyment of the arts and humanities and preserve our historic buildings.

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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 $334,229

Program Service Revenue $304,089

Investment Income $113,073

Other Revenue $93,250

TOTAL REVENUE $844,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $384,951

Fundraising Expenses $158,368

Program Expenses $562,827

Other Expenses $537,519

TOTAL EXPENSES $922,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,641	$752,679	+0.1%
Expenses	$922,470	$868,154	+0.1%
Net Income	$-77,829	$-115,475	-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

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

Volunteers

100

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

$47,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Nunn	Executive Director	40.0	Officer	$47,115	$0	$47,115
Ruth Bracewell	Chair	1.0	Director	$0	$0	$0
Chris Hodges	Vice Chair	1.0	Director	$0	$0	$0
Jamie Von Hanstein	Secretary	1.0	Director	$0	$0	$0
Brian Collins	Treasurer	1.0	Director	$0	$0	$0
Valle Ashley	Director	1.0	Director	$0	$0	$0
Cheryl Bland	Director	1.0	Director	$0	$0	$0
Kate Booker	Director	1.0	Director	$0	$0	$0
Alla Campbell	Director	1.0	Director	$0	$0	$0
Eric Joyce	Director	1.0	Director	$0	$0	$0
Chris Lambert	Director	1.0	Director	$0	$0	$0
Alfred Murray	Director	1.0	Director	$0	$0	$0
Floyd Newton III	Director	1.0	Director	$0	$0	$0
Zeb Grant	Director	1.0	Director	$0	$0	$0
Lee Abney	Director	1.0	Director	$0	$0	$0
Christian Williams	director	1.0	Director	$0	$0	$0
Kathryn Cardwell	Director	1.0	Director	$0	$0	$0
Brad Rice	Director	1.0	Director	$0	$0	$0
Jane Stoner	Director	1.0	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	$844,641	$922,470	$3,481,489	$-77,829
2024	$752,679	$868,154	$3,370,970	$-115,475
2023	$1,552,494	$860,840	$3,446,682	$691,654
2022	$862,006	$716,213	$2,636,449	$145,793
2021	$973,430	$559,094	$3,078,197	$414,336
2020	$544,643	$677,225	$2,676,070	$-132,582
2019	$587,879	$774,854	$2,600,961	$-186,975
2018	$730,532	$768,181	$2,804,775	$-37,649

Morgan County Foundation Inc