NATIONAL CORVETTE MUSEUM FOUNDATION INC (EIN 742519972) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

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.

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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 $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

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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

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

$622,853

Total Directors

$340,092

Key Employees

Highest Compensated

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

NATIONAL CORVETTE MUSEUM FOUNDATION INC