FRIENDS OF TOBACCO FARM LIFE MUSEUM

EIN: 992827064 501(c)(3) Arts, Culture & Humanities

KENLY, NC

Total Revenue
$305,816
Total Expenses
$1,380
Total Assets
$304,544
Net Assets
$304,436
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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
NC
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

SUPPORT THE TOBACCO FARM LIFE MUSEUM WHICH IS OWNED BY THE NC DEPT OF NATURAL AND CULTURAL RESOURCES

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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 $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

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Governance

Voting Members
15
Independent Members
15
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
2024 $305,816 $1,380 $304,544 $304,436
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