NATIONAL CORVETTE MUSEUM FOUNDATION INC

EIN: 742519972 501(c)(3) Arts, Culture & Humanities

BOWLING GREEN, KY

Total Revenue
$18,175,052
Total Expenses
$15,489,060
Total Assets
$86,891,540
Net Assets
$75,624,901
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NM
Principal Officer
KAYE WAGNER
Phone
2707817973
Tax Period
2023-01-01 to 2023-12-31

NATIONAL CORVETTE MUSEUM FOUNDATION INC, founded in 1988, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $15.5M left a modest 15% surplus.

Mission

THE MISSION OF THE NATIONAL CORVETTE MUSEUM FOUNDATION IS TO EDUCATE WORLDWIDE AUDIENCES ON THE EVOLUTION OF THE CORVETTE AMERICA'S SPORTS CAR THROUGH COLLECTION, PRESERVATION, AND CELEBRATION OF ITS LEGACY.

Program Service Accomplishments

Program 1
Expenses: $10,135,462 Revenue: $8,824,847

TOURS AND EXHIBITS: THE NATIONAL CORVETTE MUSEUM FOUNDATION PROVIDED EDUCATIONAL TOURS TO 238,000 GUESTS IN 2023, INCLUDING MORE THAN 4,500 STUDENTS WHO PARTICIPATED IN A SCHOOL OR EDUCATIONAL VISIT...

Read more

TOURS AND EXHIBITS: THE NATIONAL CORVETTE MUSEUM FOUNDATION PROVIDED EDUCATIONAL TOURS TO 238,000 GUESTS IN 2023, INCLUDING MORE THAN 4,500 STUDENTS WHO PARTICIPATED IN A SCHOOL OR EDUCATIONAL VISIT. TOUR HIGHLIGHTS INCLUDE THE MCMICHAEL FAMILY EDUCATION GALLERY, WHICH PROVIDES HANDS-ON INSPIRATION FOR FUTURE DESIGNERS AND ENGINEERS. THE DRIVEN BY DESIGN EXHIBITION INCLUDES ORAL HISTORIES ON THE DESIGN AND DEVELOPMENT OF CORVETTE ALONGSIDE DESIGN PROTOTYPES THAT EDUCATE AND EXPLAIN THE DESIGN PROCESS, FROM SKETCH TO PRODUCTION CORVETTE.

Program 2
Expenses: $92,037 Revenue: $207,390

SPECIAL EVENTS PROGRAMS: 1,892 PEOPLE PARTICIPATED IN THE SPECIAL EVENTS PROGRAMS IN 2023. THIS INCLUDED EDUCATIONAL SEMINARS, PANEL DISCUSSIONS AND PRESENTATIONS FROM ENGINEERS, DESIGNERS AND OTHER...

Read more

SPECIAL EVENTS PROGRAMS: 1,892 PEOPLE PARTICIPATED IN THE SPECIAL EVENTS PROGRAMS IN 2023. THIS INCLUDED EDUCATIONAL SEMINARS, PANEL DISCUSSIONS AND PRESENTATIONS FROM ENGINEERS, DESIGNERS AND OTHER EXPERTS IN THEIR FIELDS. THIS PROGRAM USES A SIGNIFICANT NUMBER OF VOLUNTEERS ALSO TO ASSIST IN RUNNING THE ACTIVITIES AND SEMINARS.

Program 3
Expenses: $276,077 Revenue: $2,445,910

DELIVERY: THE DELIVERY PROGRAM BRINGS NEW CORVETTE OWNERS TO THE MUSEUM SO THAT THEY CAN LEARN ABOUT THE HISTORY OF THE CORVETTE, AND LEARN ABOUT THE PROPER OPERATION OF THEIR VEHICLE. THEY ARE GIVEN...

Read more

DELIVERY: THE DELIVERY PROGRAM BRINGS NEW CORVETTE OWNERS TO THE MUSEUM SO THAT THEY CAN LEARN ABOUT THE HISTORY OF THE CORVETTE, AND LEARN ABOUT THE PROPER OPERATION OF THEIR VEHICLE. THEY ARE GIVEN A TOUR OF THE CORVETTE ASSEMBLY PLANT (WHEN AVAILABLE) TO EDUCATE THEM ON THE MANUFACTURING PROCESS AND ALSO GIVEN A HANDS-ON DEMONSTRATION OF THE FEATURES OF THE CORVETTE. THOSE INVOLVED IN THE DELIVERY PROGRAM INCLUDE THE STAFF WHO PREPARE THE CAR (PDI) AND THE STAFF WHO PROVIDE THE TOURS AND DEMONSTRATIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,283,170
Program Service Revenue $7,860,411
Investment Income $865,893
Other Revenue $7,165,578
TOTAL REVENUE $18,175,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,930,239
Fundraising Expenses $268,015
Program Expenses $10,503,576
Other Expenses $8,558,821
TOTAL EXPENSES $15,489,060

Year-over-Year Comparison

2023 2022 Change
Revenue $18,175,052 $20,794,905 -0.1%
Expenses $15,489,060 $13,564,882 +0.1%
Net Income $2,685,992 $7,230,023 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
15
Employees
258
Volunteers
344

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
3
$622,853
Total Directors
16
$340,092
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARON BRAWNER CEO/PRESIDENT 40.00
Officer Director
$321,435 $18,657 $340,092
KAI SPANDE BOARD CHAIR 2.00
Director
$0 $0 $0
KAYE WAGNER CHAIR-ELECT 2.00
Director
$0 $0 $0
MICHAEL LAROCCA SECRETARY 2.00
Director
$0 $0 $0
NEIL WATANABE TREASURER 2.00
Director
$0 $0 $0
GLENN JOHNSON IMMEDIATE PAST CHAIR 2.00
Director
$0 $0 $0
DALE LEDBETTER DIRECTOR 2.00
Director
$0 $0 $0
HARLAN CHARLES DIRECTOR 2.00
Director
$0 $0 $0
CHUCK FAST DIRECTOR 2.00
Director
$0 $0 $0
SHANNON LAMARCHE DIRECTOR 2.00
Director
$0 $0 $0
SHANNON SKOKOS DIRECTOR 2.00
Director
$0 $0 $0
MIKE BUCHANON DIRECTOR 2.00
Director
$0 $0 $0
RAY THERIAULT DIRECTOR 2.00
Director
$0 $0 $0
NORM ROSE DIRECTOR 2.00
Director
$0 $0 $0
DEB MURPHY DIRECTOR 2.00
Director
$0 $0 $0
LON HELTON DIRECTOR 2.00
Director
$0 $0 $0
BRIAN HUNLEY DIRECTOR OF FINANCE 40.00
Officer
$102,240 $9,466 $111,706
AMANDA THOMAS DIRECTOR OF HR & BUSINESS OPERATIONS 40.00
Officer
$149,187 $21,868 $171,055
STEPHANIE MORRILL DIRECTOR OF SALES AND GUEST SERVICES 40.00
Highest
$118,634 $12,981 $131,615
CHRIS HUFFMAN IT OPERATIONS MANAGER 40.00
Highest
$116,329 $12,628 $128,957
BRIAN BAKER DIRECTOR OF EDUCATION & COMMUNITY OUTREACH 40.00
Highest
$108,997 $7,981 $116,978
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 No data No data No data No data
2023 $18,175,052 $15,489,060 $86,891,540 $2,685,992
2022 $20,794,905 $13,564,882 $82,060,290 $7,230,023
2021 $15,403,313 $10,828,074 $80,229,990 $4,575,239
2020 $12,660,570 $10,433,432 $69,593,251 $2,227,138
2019 $14,137,231 $11,206,581 $66,641,237 $2,930,650
2018 $13,257,617 $10,192,626 $63,381,321 $3,064,991
Explore More Nonprofits
Top 100 Nonprofits in Kentucky Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NATIONAL CORVETTE MUSEUM FOUNDATION INC with other nonprofits in Kentucky and across the country.