HISTORIC DESOTO FOUNDATION

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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

1983

Legal Domicile

Principal Officer

HARVEY FERGUSON

Phone

9016478714

Tax Period

2025-01-01 to 2025-12-31

HISTORIC DESOTO FOUNDATION, founded in 1983, is a small nonprofit that reported $115K in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $705K represent 74 months of operating reserves.

Mission

TO ESTABLISH AND MAINTAIN THE DESOTO COUNTY MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $75,975

SHOWCASE ARTIFACTS AND EXHIBITS FEATURING THE HISTORY OF DESOTO COUNTY, MISSISSIPPI FROM 1541 TO PRESENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $76,026

Program Service Revenue $909

Investment Income $10,476

Other Revenue $27,500

TOTAL REVENUE $114,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,250

Fundraising Expenses $0

Program Expenses $77,191

Other Expenses $50,008

TOTAL EXPENSES $118,258

Year-over-Year Comparison

	2025	2024	Change
Revenue	$114,911	$147,104	-0.2%
Expenses	$118,258	$124,774	-0.1%
Net Income	$-3,347	$22,330	-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

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
WILLIAM A BROWN	DIRECTOR	N/A	Director	$0	$0	$0
EDDIE BURKS	DIRECTOR	N/A	Director	$0	$0	$0
KEITH HAWKINS	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN HOOKER	DIRECTOR	N/A	Director	$0	$0	$0
LESLIE-BURL MCLEMORE	DIRECTOR	N/A	Director	$0	$0	$0
KIM TERRELL	DIRECTOR	N/A	Director	$0	$0	$0
TRISH TOOMEY	DIRECTOR	N/A	Director	$0	$0	$0
BARRY BOUCHILLON	VICE PRESIDE	N/A	Officer	$0	$0	$0
HARVEY FERGUSON	TREASURER	N/A	Officer	$0	$0	$0
STEPHANIE STROM	SECRETARY	N/A	Officer	$0	$0	$0
REBECCA S THOMPSON	PRESIDENT	N/A	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	$114,911	$118,258	$709,361	$-3,347
2024	$147,104	$124,774	$712,505	$22,330
2023	$116,757	$111,505	$689,898	$5,252
2022	$122,545	$109,387	$684,626	$13,158
2021	$246,433	$115,548	$692,546	$130,885
2020	$109,719	$89,117	$537,676	$20,602
2019	$142,592	$91,641	$544,483	$50,951