Historic Mobile Preservation Socie… - Form 990 Financial Data

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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

1935

Legal Domicile

Principal Officer

Stephanie Richardson

Phone

2514321281

Tax Period

2024-01-01 to 2024-12-31

Historic Mobile Preservation Society Inc, founded in 1935, is a small nonprofit in the Arts, Culture & Humanities sector that reported $141K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. Expenses of $180K exceeded revenue, resulting in a 28% operating deficit.

Mission

To create tangible links to the past for the benefit of present and future generations.

Program Service Accomplishments

Program 1

Expenses: $158,772 Revenue: $136,892

The society promotes the study of local history in schools and organizations through art and education programs. It supports the development of publications concerning local history and preservation of landmarks. The Archives preserves records books documents and pictures related to local area history. Thousands of items are stored here and are available for research by the public.

Program 2

Expenses: $6,000 Revenue: $3,946

The organization is responsible for maintaining the operations of the Oakleigh and Cox Deasy historical museums including a gift shop. Attendance averages over 3,000 people per year.

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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 $92,049

Program Service Revenue $44,843

Investment Income $0

Other Revenue $3,946

TOTAL REVENUE $140,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,423

Fundraising Expenses $0

Program Expenses $164,772

Other Expenses $119,468

TOTAL EXPENSES $179,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,838	$72,902	+0.9%
Expenses	$179,891	$115,352	+0.6%
Net Income	$-39,053	$-42,450	-0.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephanie Richardson	President	10.00	Officer Director	$0	$0	$0
David Reeves	Vice President	2.00	Officer Director	$0	$0	$0
Tom McGehee	Secretary	2.00	Officer Director	$0	$0	$0
Greg Reynolds	Treasurer	2.00	Officer Director	$0	$0	$0
Bob Allen	Director	2.00	Director	$0	$0	$0
Tance Beech	Director	2.00	Director	$0	$0	$0
Taylor Cox	Director	2.00	Director	$0	$0	$0
Roy Isbell	Director	2.00	Director	$0	$0	$0
Gaston Irby	Director	2.00	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
2024	$140,838	$179,891	$184,710	$-39,053
2023	$94,589	$124,513	$266,658	$-29,924
2023	$72,902	$115,352	$224,165	$-42,450
2022	$119,965	$158,040	$269,179	$-38,075
2021	$86,167	$100,814	$341,246	$-14,647
2020	$90,807	$132,953	$335,980	$-42,146
2019	$148,772	$128,898	$344,200	$19,874
2018	$159,377	$186,695	$328,487	$-27,318

Historic Mobile Preservation Society Inc