Cameron Art Museum Foundation Inc

EIN: 920245406 501(c)(3) Arts, Culture & Humanities

Wilmington, NC

Total Revenue
$57,397
Total Expenses
$70,577
Total Assets
$21,606
Net Assets
$21,606
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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
NC
Principal Officer
CHARLES BONEY
Phone
9103955999
Tax Period
2024-07-01 to 2025-06-30

Cameron Art Museum Foundation Inc, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $57K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $71K exceeded revenue, resulting in a 23% operating deficit.

Mission

The Foundation's primary purpose is to support Louise Wells Cameron Art Museum and its mission.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $400
Investment Income $5
Other Revenue $56,992
TOTAL REVENUE $57,397

Expense Breakdown

Grants Paid $65,535
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,846
Other Expenses $5,042
TOTAL EXPENSES $70,577

Year-over-Year Comparison

2024 2023 Change
Revenue $57,397 $34,786 +0.7%
Expenses $70,577 N/A N/A
Net Income $-13,180 $34,786 -1.4%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charles Boney Chairman/Treasurer 1.00
Officer Director
$0 $0 $0
Acquenetta Wheeler Secretary 1.00
Officer Director
$0 $0 $0
Jill Webb Director 1.00
Director
$0 $0 $0
Heather Wilson Executive Director 1.00
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
2025 $57,397 $70,577 $21,606 $-13,180
2024 $34,786 No data $34,786 No data
2023 No data No data No data No data
2022 No data No data No data No data
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