AUGUSTA HERITAGE CENTER 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

2023

Legal Domicile

Principal Officer

ERIC ARMSTRONG

Tax Period

2023-01-01 to 2023-12-31

AUGUSTA HERITAGE CENTER INC, founded in 2023, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. The organization ran a surplus of $935K, a strong 67% operating margin.

Mission

AUGUSTA HERITAGE CENTER IN ELKINS, WEST VIRGINIA, UNITED STATES, IS A NON- PROFIT ORGANIZATION WHICH FOSTERS THE SCHOLARLY STUDY AND PRACTICE OF TRADITIONAL ARTS IN MUSIC, DANCE, CRAFT, AND FOLKLORE.

Program Service Accomplishments

Program 1

Expenses: $5,754

COMPLETION OF SEPARATION FROM D&E AND REORGANIZING INTO AN INDPENDENT 501 (C)(3) ORGANIZATION.

Program 2

Expenses: $1,935 Revenue: $517,000

PURCHASE OF A BRICK AND MORTAR OPERATIONS CENTER FOR AUGUSTA HERITAGE CENTER INC. THAT ASSISTS IN PROVIDING ARTS AND CULTURE TO THE COMMUNITY. THE WILT BUIDING WAS PURCHASED WITHOUT FINANCING FOR...

PURCHASE OF A BRICK AND MORTAR OPERATIONS CENTER FOR AUGUSTA HERITAGE CENTER INC. THAT ASSISTS IN PROVIDING ARTS AND CULTURE TO THE COMMUNITY. THE WILT BUIDING WAS PURCHASED WITHOUT FINANCING FOR 452,698 TO BE USED AS AN ARTS CENTER AND COMMUNITY HUB.

Program 3

Revenue: $30,000

COMPLETED FUNDRAISING EFFORTS IN THE AMOUNT OF 30,000 TO ALLOW OPERATIONAL STAFF EXPANSION WITH NO SIGNIFICANT BUDGET IMPACT OR EXPENSES.

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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 $838,472

Program Service Revenue $511,472

Investment Income $1,366

Other Revenue $43,759

TOTAL REVENUE $1,395,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $455,470

Other Expenses $459,738

TOTAL EXPENSES $459,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,395,069	N/A	N/A
Expenses	$459,738	N/A	N/A
Net Income	$935,331	N/A	N/A

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

N/A

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
JOAN FENTON	BOARD MEMBER	0.25	Director	$0	$0	$0
BETH KING	BOARD MEMBER	0.25	Director	$0	$0	$0
JERRY MILNES	SECRETARY	0.25	Officer Director	$0	$0	$0
JUNE MYLES	BOARD MEMBER	0.25	Director	$0	$0	$0
ROB NESTOR	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
JACK TRIBBLE	PRESIDENT	0.25	Officer Director	$0	$0	$0
KYLE WEST	TREASURER	0.25	Officer Director	$0	$0	$0
ERIC ARMSTRONG	COO	40.00	Officer	$0	$0	$0
SETH YOUNG	CEO	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
2023	$1,395,069	$459,738	$935,331	$935,331