FRIENDS OF TOBACCO FARM LIFE MUSEUM

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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

2024

Legal Domicile

Principal Officer

NORMAN HARRELL PRESIDENT

Phone

2522370111

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF TOBACCO FARM LIFE MUSEUM, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $306K in total revenue in fiscal year 2024. The organization ran a surplus of $304K, a strong 100% operating margin.

Mission

RAISE MONNEY AND PROVIDE VOLUNTEERS TO SUPPORT THE TOBACCO FARM LIFE MUSEUM IN KENLY, NC. THIS WILL BE DONE THROUGH FUND RAISING ACTIVITIES AND VOLUNTEERS TO HELP MAN THE MUSEUM

Program Service Accomplishments

Program 1

Expenses: $1,380 Revenue: $305,816

TO RAISE MONEY AND PROVIDE VOLUNTEERS TO SUPPORT THE TOBACCO FARM LIFE MUSEUM IN KENLY NC.THIS IS DONE THROUGH FUND RAISING ACTIVITIES AND VOLUNTEERS TO HELP MAN THE MUSEUM

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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 $305,816

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $305,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,380

Other Expenses $1,380

TOTAL EXPENSES $1,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,816	N/A	N/A
Expenses	$1,380	N/A	N/A
Net Income	$304,436	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
NORMAN HARRELL PRESIDENT	PRESIDENT	2.00	Officer	$0	$0	$0
JODI COBB	SECRETARY	2.00	Officer	$0	$0	$0
SUSAN BARNES	VICE PRESIDE	2.00	Officer	$0	$0	$0
COLIN BLALOCK	TREASURER	2.00	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	No data	No data	No data	No data
2024	$305,816	$1,380	$304,544	$304,436