KERNERSVILLE AUTO 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

2022

Legal Domicile

Principal Officer

JIM TAYLOR

Phone

3364144072

Tax Period

2024-01-01 to 2024-12-31

KERNERSVILLE AUTO MUSEUM INC, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $73K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 42% operating margin.

Mission

TO DISPLAY CLASSIC AND ANTIQUE AUTOMOBILES AND VEHICLES FOR THE ENJOYMENT AND EDUCATION OF THE GENERAL PUBLIC

Program Service Accomplishments

Program 1

Expenses: $39,495

TO DISPLAY CLASSIC AND ANTIQUE AUTOMOBILES AND VEHICLES FOR THE ENJOYMENT AND EDUCATION OF THE GENERAL PUBLIC.

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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 $72,691

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,495

Other Expenses $42,456

TOTAL EXPENSES $42,456

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,691	$187,106	-0.6%
Expenses	$42,456	$40,500	+0.0%
Net Income	$30,235	$146,606	-0.8%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
JIM TAYLOR	DIRECTOR	Officer	$0	$0	$0
GARY PARNELL	DIRECTOR	Officer	$0	$0	$0
CARY WOLFE	DIRECTOR	Officer	$0	$0	$0
JEFFREY TAYLOR	DIRECTOR	Officer	$0	$0	$0
CURTIS SWISHER	DIRECTOR	Officer	$0	$0	$0
MIKE SHAW	DIRECTOR	Officer	$0	$0	$0
NORMAN PARRISH	DIRECTOR	Officer	$0	$0	$0
RONALD DAY	DIRECTOR	Officer	$0	$0	$0
RITCHIE POWERS	DIRECTOR	Officer	$0	$0	$0
CHRISTINE TANNER	DIRECTOR	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	$72,691	$42,456	$187,668	$30,235
2023	$187,106	$40,500	$157,435	$146,606