MUSEUM OF DURHAM HISTORY

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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

2008

Legal Domicile

Principal Officer

PATRICK MUCKLOW

Phone

9192469993

Tax Period

2024-07-01 to 2025-06-30

MUSEUM OF DURHAM HISTORY, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $440K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

THE MUSEUM OF DURHAM HISTORY IS A 21ST CENTURY MUSEUM THAT USES STORIES ABOUT PEOPLE, PLACES AND THINGS TO FOSTER CURIOSITY, ENCOURAGE FURTHER INQUIRY, AND PROMOTE AN UNDERSTANDING OF DIVERSE PERSPECTIVES ABOUT THE DURHAM COMMUNITY AND ITS HISTORY.

Program Service Accomplishments

Program 1

Expenses: $99,455 Revenue: $61,492

OUR BULL CITY: PHOTOS, ARTIFACTS, AND STORIES SHOWCASE DIVERSE PERSPECTIVES ABOUT THE COMMUNITY THROUGH ROTATING EXHIBITS AND PROGRAMS AT THE MUSEUM.

Program 2

Expenses: $1,271 Revenue: $560

MUSEUM WITHOUT WALLS: OUR EXHIBITS START AT THE MUSEUM, BUT THEY SOON FIND LOCATIONS IN PUBLIC SPACES THROUGHOUT THE COMMUNITY. THIS ALSO INCLUDES HISTORY GROVES, ONLINE EXHIBITS, AND EDUCATIONAL...

MUSEUM WITHOUT WALLS: OUR EXHIBITS START AT THE MUSEUM, BUT THEY SOON FIND LOCATIONS IN PUBLIC SPACES THROUGHOUT THE COMMUNITY. THIS ALSO INCLUDES HISTORY GROVES, ONLINE EXHIBITS, AND EDUCATIONAL PROGRAMMING IN CLASSROOMS AND ONLINE.

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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 $439,756

Program Service Revenue $0

Investment Income $311

Other Revenue $0

TOTAL REVENUE $440,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,526

Fundraising Expenses $92,001

Program Expenses $188,805

Other Expenses $168,189

TOTAL EXPENSES $431,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,067	$349,691	+0.3%
Expenses	$431,715	$403,498	+0.1%
Net Income	$8,352	$-53,807	-1.2%

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

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

$81,648

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK MUCKLOW	EXECUTIVE DIRECTOR	40.00	Director	$81,648	$0	$81,648
BETTINA UMSTEAD	CHAIR	1.00	Officer Director	$0	$0	$0
MITCHELL TUCHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
PHILLIP HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
GEOFF DURHAM	MEMBER	1.00	Director	$0	$0	$0
NIDA ALLAM	MEMBER	1.00	Director	$0	$0	$0
JEFFREY BAKER MD PHD	MEMBER	1.00	Director	$0	$0	$0
JANE BRASIER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MARJORIE YARBROUGH BURTON	MEMBER	1.00	Director	$0	$0	$0
SUZANNE JACOBS	MEMBER	1.00	Director	$0	$0	$0
RUTH DZAU	MEMBER	1.00	Director	$0	$0	$0
MARK-ANTHONY MIDDLETON	MEMBER	1.00	Director	$0	$0	$0
JANE GOODRIDGE	MEMBER	1.00	Director	$0	$0	$0
DR JIM C HARPER II	MEMBER	1.00	Director	$0	$0	$0
TY POWERS	MEMBER	1.00	Director	$0	$0	$0
ESKINDER ZEWDU	MEMBER	1.00	Director	$0	$0	$0
ROBERT GOFOURTH	MEMBER	1.00	Director	$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	$440,067	$431,715	$183,052	$8,352
2024	$349,691	$403,498	$178,635	$-53,807
2023	$345,577	$450,195	$234,669	$-104,618
2022	$263,093	$308,733	$334,243	$-45,640
2021	$318,094	$239,965	$382,824	$78,129
2020	$500,366	$451,078	$330,574	$49,288
2019	$962,368	$823,806	$251,041	$138,562
2018	$258,404	$197,348	$114,099	$61,056