The General Henry Knox 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

1985

Legal Domicile

Principal Officer

BARRY HODGE

Phone

2073548062

Tax Period

2023-01-01 to 2023-12-31

The General Henry Knox Museum, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $42K, a strong 19% operating margin.

Mission

THE GENERAL HENRY KNOX MUSEUM SERVES TO HONOR THE LIFE AND TIMES OF HENRY KNOX AND THE HERITAGE OF MONTPELIER.

Program Service Accomplishments

Program 1

Expenses: $36,802

2023 WAS A YEAR OF EXPANSION AS WE CONTINUED TO CREATE NEW PROGRAMS AND REFINE EXISTING ONES. 3,263 GUESTS TOURED THE MUSEUM FROM THE OPENING DAY PROGRAM OF BOOTS ON THE GROUND TO OUR CLOSING PROGRAM OF HOLIDAY OPEN HOUSE. WE EXPANDED OUR SCOPE OF PLANNING FOR OUR JUNIOR DOCENT PROGRAM, AND ADDED NEW AND VARIED LECTURES AND MUSICAL CONCERTS. A NEW FIELD OF FLAGS DISPLAY WAS CREATED ON MUSEUM GROUNDS DURING THE WEEK CONTAINING FLAG DAY.

Program 2

Expenses: $30,922

THE MUSEUM CONTINUED ITS PRESERVATION EFFORTS OF THE BUILDING BY CONDUCTING SEVERAL MAINTENANCE PROJECTS. KEEPING A 95-YEAR-OLD STRUCTURE MAINTAINED WITHIN THE GUIDELINES PROVIDED BY OUR MAINTENANCE SCHEDULE IS A CONSTANT PROCESS. OUR POSITION AS A CONTRIBUTING STRUCTURE TO THE THOMASTON HISTORICAL DISTRICT PLACES US ON THE NATIONAL REGISTER OF HISTORICAL PLACES.

Program 3

Expenses: $17,641

OUR SUMMER INTERN PROGRAM IS AN INTEGRAL PROGRAM TO OUR OVERALL MISSION OF EDUCATING THE PUBLIC TO THE HISTORY OF THE AMERICAN REVOLUTION AND THE VERY SIGNIFICANT ROLE GENERAL HENRY KNOX PROVIDED. IN 2023, WE HAD 3 SUMMER INTERNS WHO GAVE TOURS AND CONDUCTED PROJECTS RELATING TO OUR MISSION STATEMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $130,730

Program Service Revenue $36,459

Investment Income $7,955

Other Revenue $39,842

TOTAL REVENUE $214,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,367

Fundraising Expenses $37,627

Program Expenses $85,365

Other Expenses $85,025

TOTAL EXPENSES $173,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,986	$245,883	-0.1%
Expenses	$173,392	$176,630	0.0%
Net Income	$41,594	$69,253	-0.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLETCHER SMITH MCNABOE	Trustee	2.00	Director	$0	$0	$0
CAROL ACHTERHOF	Trustee	2.00	Director	$0	$0	$0
HERMAN S KOHLMEYER	TREASURER	5.00	Officer Director	$0	$0	$0
NECOLE DABRIO JANCZURA	Chairman	5.00	Officer Director	$0	$0	$0
DAVID EDFORS	TRUSTEE	2.00	Director	$0	$0	$0
SALLY ANN WILLIAMSON	Trustee	2.00	Director	$0	$0	$0
ELISABETH HENSHAW	TRUSTEE	2.00	Director	$0	$0	$0
BARRY HODGE	Chairman	2.00	Director	$0	$0	$0
MARY ANDERSON GRIFFIN	Vice Chairman	5.00	Officer Director	$0	$0	$0
MOLLY S KELLOGG	TRUSTEE	2.00	Director	$0	$0	$0
ANNE WILLIAMS KOHLMEYER	TRUSTEE	2.00	Director	$0	$0	$0
AVERY JENKINS	Trustee	2.00	Director	$0	$0	$0
LYNN TAYLOR	TRUSTEE	2.00	Director	$0	$0	$0
WINSTON JENKINS	Trustee	2.00	Director	$0	$0	$0
RUSSELL WOLFERTZ	TRUSTEE	2.00	Director	$0	$0	$0
SUSAN FAY	TRUSTEE	2.00	Director	$0	$0	$0
WAYNE MALLAR	Trustee	2.00	Director	$0	$0	$0
JAMES PRINGLE MD	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MOORE	Trustee	2.00	Director	$0	$0	$0
KAREN SMITH	Trustee	2.00	Director	$0	$0	$0
MARY BEALL	SECRETARY	5.00	Officer Director	$0	$0	$0
BARBARA BALDUMAN	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA CRAWFORD	TRUSTEE	2.00	Director	$0	$0	$0
JIM SWAN	TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$214,986	$173,392	$2,978,782	$41,594
2022	$245,883	$176,630	$2,936,990	$69,253
2021	$303,557	$177,000	$5,675,620	$126,557
2020	$-4,353	$119,539	$5,551,065	$-123,892
2019	$207,434	$169,613	$5,674,272	$37,821
2018	$217,322	$181,458	$5,635,429	$35,864