WATAUGA 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

1993

Legal Domicile

Phone

4233421463

Tax Period

2024-01-01 to 2024-12-31

WATAUGA HISTORICAL ASSOCIATION, founded in 1993, is a micro nonprofit that reported $7K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $24K exceeded revenue, resulting in a 237% operating deficit.

Mission

OUR PRIMARY PURPOSE IS TO EDUCATE THE PUBLIC REGARDING THE HISTORY OF THE AREA. AND TO PRESERVE OUR VAST HISTORICAL SITES.

Program Service Accomplishments

Program 1

Expenses: $23,883

WE HOLD MONTHLY PROGRAMS, FREE OF CHARGE TO THE PUBLIC. OUR GOAL IS TO PRESERVE AND TO TEACH.

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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 $373

Program Service Revenue $0

Investment Income $2,025

Other Revenue $4,695

TOTAL REVENUE $7,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,883

Other Expenses $23,883

TOTAL EXPENSES $23,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,093	$209,534	-1.0%
Expenses	$23,883	$9,050	+1.6%
Net Income	$-16,790	$200,484	-1.1%

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

N/A

Independent Members

N/A

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
JACKIE PETERS	PRESIDENT	4.00	Officer	$0	$0	$0
MARILYN BOYD	BICE PRESIDENT	4.00	Officer	$0	$0	$0
JANETTE MANN	SECRETARY	4.00	Officer	$0	$0	$0
TERESA TREADWAY	TREASURER	10.00	Officer	$0	$0	$0
LISA GERMAINE	MEDIA OFFICER	4.00	Officer	$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	$7,093	$23,883	$205,328	$-16,790
2023	$209,534	$9,050	$222,118	$200,484