THE NEW BEDFORD MUSEUM OF GLASS INC

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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

1993

Legal Domicile

Principal Officer

KIRK NELSON

Phone

5089841666

Tax Period

2021-01-01 to 2021-12-31

THE NEW BEDFORD MUSEUM OF GLASS INC, founded in 1993, is a small nonprofit in the Arts, Culture & Humanities sector that reported $165K in total revenue in fiscal year 2021. Revenue surged 251% from the prior year, signaling strong growth momentum. The organization ran a surplus of $92K, a strong 56% operating margin.

Mission

DOCUMENT HISTORY OF GLASSMAKING IN AMERICA. SPONSOR LECTURES AND EXHIBITIONS REGARDING GLASSWORKS AND WORKS OF ART THAT ARE HISTORICAL GLASS HELD FOR EXHIBIT.

Program Service Accomplishments

Program 1

Expenses: $56,971 Revenue: $4,242

MAINTAIN LIBRARY MUSEUM OF GLASSWORKS AND GLASSMAKING. SPONSOR LECTURES & EXHIBITIONS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $144,037

Program Service Revenue $4,242

Investment Income $0

Other Revenue $16,818

TOTAL REVENUE $165,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,803

Fundraising Expenses $172

Program Expenses $56,971

Other Expenses $28,605

TOTAL EXPENSES $73,408

Year-over-Year Comparison

	2021	2020	Change
Revenue	$165,097	$46,993	+2.5%
Expenses	$73,408	$99,263	-0.3%
Net Income	$91,689	$-52,270	-2.8%

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

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
KIRK NELSON	PRESIDENT	50.00	Officer Director	$0	$0	$0
BRUCE MITCHELL	TREASURER	2.00	Officer Director	$0	$0	$0
JUDY USEN	1ST VICE PRE	2.00	Officer Director	$0	$0	$0
MARIA MARTELL	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
ANDREA NATSIOS	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANNE GREGG	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS BELLEAU	DIRECTOR	2.00	Director	$0	$0	$0
DAVID FUCHSHUBER	DIRECTOR	2.00	Director	$0	$0	$0
CLINT SOWLE	DIRECTOR	2.00	Director	$0	$0	$0
ROSS NELSON	DIRECTOR	2.00	Director	$0	$0	$0
TOOTS ZYNSKY	DIRECTOR	2.00	Director	$0	$0	$0
ALLAN PORT	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH BAKER	DIRECTOR	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
2022	No data	No data	No data	No data
2021	$165,097	$73,408	$1,434,381	$91,689