MARTIN COUNTY HISTORICAL MUSEUM INC

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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

1969

Legal Domicile

Principal Officer

LAURA GRAVES

Phone

4327562722

Tax Period

2024-01-01 to 2024-12-31

MARTIN COUNTY HISTORICAL MUSEUM INC, founded in 1969, is a small nonprofit that reported $990K in total revenue in fiscal year 2024. The organization ran a surplus of $732K, a strong 74% operating margin.

Mission

THE MARTIN COUNTY HISTORICAL MUSUEM EXISTS TO PRESERVE LOCAL HISTORY AND EDUCATE CITIZENS OF OUR COMMON LEGACY.

Program Service Accomplishments

Program 1

THE MUSEUM WAS OPENED THROUGHOUT THE YEAR AND MANY PEOPLE VISITED DURING THE YEAR. THERE WERE VIEWINGS OF COUNTY ARTIFACTS AND EDUCATIONAL PROGRAMS HELD DURING THE YEAR TO EDUCATE AND ENHANCE MARTIN COUNTY HISTORY. EDUCATIONAL PROGRAMS INCLUDED PROGRAMS HELD FOR ELEMENTARY SCHOOL STUDENTS AND VARIOUS PROGRAMS AND DISPLAYS TO INFORM MARTIN COUNTY RESIDENTS OF MARTIN COUNTY HISTORY.

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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 $791,312

Program Service Revenue $45,513

Investment Income $115,482

Other Revenue $37,637

TOTAL REVENUE $989,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,237

Fundraising Expenses $0

Program Expenses $257,520

Other Expenses $186,283

TOTAL EXPENSES $257,520

Year-over-Year Comparison

	2024	2023	Change
Revenue	$989,944	$996,009	0.0%
Expenses	$257,520	$191,743	+0.3%
Net Income	$732,424	$804,266	-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
JAY MADISON	DIRECTOR	N/A	Director	$0	$0	$0
JAMES ROBERT WILSON	DIRECTOR	N/A	Director	$0	$0	$0
LAURA GRAVES	PRESIDENT	N/A	Officer	$0	$0	$0
CARLETTA INGRAM	SECRETARY	N/A	Officer	$0	$0	$0
COURTNEY POITEVINT	TREASURER	N/A	Officer	$0	$0	$0
GEORGEANN WALTON	VICE PRESIDE	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
2024	$989,944	$257,520	$4,940,630	$732,424
2023	$996,009	$191,743	$4,213,087	$804,266
2022	$927,466	$95,107	$3,407,891	$832,359
2021	$927,510	$101,500	$2,577,594	$826,010
2020	$1,479,299	$60,186	$1,752,552	$1,419,113