VALDESE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WALDENSIAN HERITAGE FOUNDATION INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $124K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $116K left a modest 7% surplus.
TO PRESERVE AND PROMOTE THE CULTURAL HERITAGE, THE GENEALOGICAL RECORDS, AND THE RELIGIOUS DEVOTION OF THE WALDENSES. THIS INCLUDES SOLICITATION OF FUNDS THROUGH DONATIONS/GRANTS AND THE UTILIZATION OF RESOURCES FOR THE GROWTH, SUSTAINMENT, MAINTENANCE, AND OPERATIONS OF THE MUSEUM INCLUDING EDUCATIONAL ENHANCEMENT. THE MUSEUM PROVIDES DISPLAYS, ARTIFACTS AND PROGRAMS THAT PORTRAY WALDENSIAN LIFE, RELIGIOUS BELIEFS AND WITNESSING, WHICH BEGAN IN THE WALDENSIAN VALLEYS SEVERAL HUNDRED YEARS PRIOR TO THE PROTESTANT REFORMATION. ITS PRESENCE IS A TESTAMENT TO THE WALDENSES' STRONG LOVE OF JESUS CHRIST IN THE WORLD AND THEIR COLONIZATION IN VALDESE. THE MISSION IS AIMED AT THOSE WITHIN AND BEYOND THE BOUNDARIES OF OUR LOCAL AND REGIONAL COMMUNITIES AND INCLUDES THOSE OF WALDENSIAN HERITAGE BY BIRTH, AND JUST AS IMPORTANTLY, BY FAITH IN JESUS CHRIST.
THE CORPORATION OWNS AND OPERATES A MUSEUM THAT PROVIDES DISPLAYS, ARTIFACTS AND PROGRAMS THAT PORTRAY WALDENSIAN LIFE, RELIGIOUS BELIEFS AND WITNESSING, WHICH BEGAN IN THE WALDENSIAN VALLEYS SEVERAL...
THE CORPORATION OWNS AND OPERATES A MUSEUM THAT PROVIDES DISPLAYS, ARTIFACTS AND PROGRAMS THAT PORTRAY WALDENSIAN LIFE, RELIGIOUS BELIEFS AND WITNESSING, WHICH BEGAN IN THE WALDENSIAN VALLEYS SEVERAL HUNDRED YEARS PRIOR TO THE PROTESTANT REFORMATION. ITS PRESENCE IS A TESTAMENT TO THE WALDENSES' STRONG LOVE OF JESUS CHRIST IN THE WORLD AND THEIR COLONIZATION IN VALDESE, NORTH CAROLINA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $123,922 | $242,004 | -0.5% |
| Expenses | $115,585 | $163,300 | -0.3% |
| Net Income | $8,337 | $78,704 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT MURRAY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAGE ANDERSEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PAM PONS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MORRISSA ANGI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE DEMITER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID FLETCHER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MARTINANT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN BOUNOUS | SECRETARY | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK ROSTAN | TREASURER | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN HELIMAN | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM ROSTAN | VICE-CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK GRILL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $123,922 | $115,585 | $2,037,428 | $8,337 |
| 2023 | $242,004 | $163,300 | $2,012,242 | $78,704 |
| 2022 | $1,918,045 | $9,507 | $1,940,493 | $1,908,538 |
Compare WALDENSIAN HERITAGE FOUNDATION INC with other nonprofits in North Carolina and across the country.