HISTORIC WASHINGTON 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

1958

Legal Domicile

Principal Officer

FRANCES MCSWAIN

Phone

8709832828

Tax Period

2023-11-01 to 2024-10-31

HISTORIC WASHINGTON FOUNDATION, founded in 1958, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $78K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $92K exceeded revenue, resulting in a 19% operating deficit.

Mission

RESTORATION OF HISTORIC BUILDINGS AND STRUCTURES IN WASHINGTON, ARKANSAS. PRESERVATION OF ARTIFACTS RELATED TO HISTORIC PERIODS AND PERSONS IN THE REGION.

Program Service Accomplishments

Program 1

Expenses: $77,349

HISTORIC HOMES AND STRUCTURES WERE SALVAGED AND RESTORED TO HIGH QUALITY STANDARDS USING THE PROPER BUILDING MATERIALS AND SKILLED LABOR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $85,501

Program Service Revenue $0

Investment Income $-10,836

Other Revenue $3,291

TOTAL REVENUE $77,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,913

Fundraising Expenses $0

Program Expenses $83,092

Other Expenses $51,580

TOTAL EXPENSES $92,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,956	$160,110	-0.5%
Expenses	$92,493	$178,406	-0.5%
Net Income	$-14,537	$-18,296	-0.2%

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
PAMELA BEASLEY	DIRECTOR	0.10	Director	$0	$0	$0
GARY W CHAMBLESS	DIRECTOR	0.10	Director	$0	$0	$0
TENA PILKINTON CARTER	DIRECTOR	0.10	Director	$0	$0	$0
DR CARL DREXLER	DIRECTOR	0.10	Director	$0	$0	$0
PAUL HENLEY	DIRECTOR	0.10	Director	$0	$0	$0
JAMES HUNTER	DIRECTOR	0.10	Director	$0	$0	$0
JIM JACKSON	DIRECTOR	0.10	Director	$0	$0	$0
TERRIE JAMES	DIRECTOR	0.10	Director	$0	$0	$0
TOMMY JAMESON	DIRECTOR	0.10	Director	$0	$0	$0
FRANCES MCSWAIN	DIRECTOR/PRE	2.00	Officer Director	$0	$0	$0
RON MILLS	DIRECTOR	0.10	Director	$0	$0	$0
JEANICE NEEL	DIRECTOR/SEC	1.00	Officer Director	$0	$0	$0
MELISSA NESBITT	DIRECTOR	0.10	Director	$0	$0	$0
CHERYL NICHOLS	DIRECTOR	0.10	Director	$0	$0	$0
DR LISA SPEER	DIRECTOR	0.10	Director	$0	$0	$0
KEENAN WILLIAMS	DIRECTOR/VIC	0.10	Officer Director	$0	$0	$0
JOHN WILSON JR	DIRECTOR/TRE	0.50	Officer Director	$0	$0	$0
RAY WITTENBERG	DIRECTOR	0.10	Director	$0	$0	$0
RUFUS WOLFF	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM WORTHEN JR	DIRECTOR	0.10	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	$77,956	$92,493	$1,856,490	$-14,537
2023	$160,110	$178,406	$1,877,414	$-18,296
2022	$154,388	$133,589	$1,900,333	$20,799
2021	$80,378	$114,415	$1,878,931	$-34,037
2020	$76,725	$110,831	$1,919,922	$-34,106
2019	$88,735	$108,796	$1,938,370	$-20,061
2018	$151,810	$102,127	$1,964,283	$49,683