ROCKY MOUNT HISTORICAL ASSOCIATION

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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

1958

Legal Domicile

Principal Officer

CODY BORING

Phone

4235387396

Tax Period

2022-07-01 to 2023-06-30

ROCKY MOUNT HISTORICAL ASSOCIATION, founded in 1958, is a small nonprofit in the Arts, Culture & Humanities sector that reported $256K in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $302K exceeded revenue, resulting in a 18% operating deficit.

Mission

LIVING HISTORY MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $189,687 Revenue: $0

THE ORGANIZATION EMPLOYS PERSONNEL TO CONDUCT LIVING HISTORY TOURS & PROGRAMS FOR STUDENTS AND ADULT AUDIENCES YEAR ROUND. PEOPLE FROM ALL 50 STATES AND SEVERAL COUNTRIES VISIT THE SITE & MUSEUM EACH...

Program 2

Expenses: $31,831 Revenue: $0

THE ORGANIZATION MAINTAINS A 34 ACRE SITE WITH 5 HISTORIC STRUCTURES & 18,000 SQ FT VISITOR CENTER WITH 5,500 SQ FT OF EXHIBIT AREA. THE EXECUTIVE DIRECTOR HELPS TO MAINTAIN THE OVER 16,000 MUSEUM...

THE ORGANIZATION MAINTAINS A 34 ACRE SITE WITH 5 HISTORIC STRUCTURES & 18,000 SQ FT VISITOR CENTER WITH 5,500 SQ FT OF EXHIBIT AREA. THE EXECUTIVE DIRECTOR HELPS TO MAINTAIN THE OVER 16,000 MUSEUM OBJECTS.

Program 3

Expenses: $9,408 Revenue: $0

THE ORGANIZATION PROMOTES ITS PROGRAMS THROUGH ITS WEBSITE AND THE PUBLICATION & DISTRIBUTION OF A MEMBERSHIP NEWSLETTER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $191,920

Program Service Revenue $38,852

Investment Income $3

Other Revenue $25,611

TOTAL REVENUE $256,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $176,269

Fundraising Expenses $0

Program Expenses $230,926

Other Expenses $125,798

TOTAL EXPENSES $302,067

Year-over-Year Comparison

	2022	2021	Change
Revenue	$256,386	$475,664	-0.5%
Expenses	$302,067	$298,319	+0.0%
Net Income	$-45,681	$177,345	-1.3%

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

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

$69,271

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DOAN	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DON DAVIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CODY BORING	EXECUTIVE DIRECTOR	40.00	Key Emp	$69,271	$0	$69,271
STEVE DARDEN	TRUSTEE	1.00	Director	$0	$0	$0
RONALD ROACH PHD	TRUSTEE	1.00	Director	$0	$0	$0
JUDY SLAUGHTER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH STANDRIDGE	SECRETARY	1.00	Director	$0	$0	$0
STEVE HOBBS	VICE PRESIDENT	1.00	Director	$0	$0	$0
REBECCA SMITH	TREASURER	1.00	Director	$0	$0	$0
BARBARA STREET	TRUSTEE	1.00	Director	$0	$0	$0
DARYL CARTER	TRUSTEE	1.00	Director	$0	$0	$0
JIM HAGER	TRUSTEE	1.00	Director	$0	$0	$0
MARK HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
HIRAM RASH	TRUSTEE	1.00	Director	$0	$0	$0
JIM KELLY	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE HYDER	TRUSTEE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$256,386	$302,067	$485,594	$-45,681
2022	$475,664	$298,319	$443,573	$177,345
2021	$294,419	$255,256	$268,340	$39,163
2020	$233,412	$252,110	$217,585	$-18,698
2019	$238,261	$276,224	$198,254	$-37,963
2018	$260,726	$259,976	$244,011	$750