FAIRBANKS MUSEUM & PLANETARIUM

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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

1889

Legal Domicile

Principal Officer

ADAM KANE

Phone

8027482372

Tax Period

2024-01-01 to 2024-12-31

FAIRBANKS MUSEUM & PLANETARIUM, founded in 1889, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $649K, a strong 24% operating margin.

Mission

THE FAIRBANKS MUSEUM AND PLANETARIUM'S MISSION IS TO INSPIRE WONDER, CURIOSITY AND RESPONSIBILITY FOR THE NATURAL WORLD.

Program Service Accomplishments

Program 1

Expenses: $1,466,611 Revenue: $627,993

FAIRBANKS MUSEUM AND PLANETARIUM PROVIDES EXHIBITS, EDUCATIONAL SERVICES, WEATHER FORECASTS AND SCIENCE PROGRAMS TO THE PUBLIC.

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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 $1,867,724

Program Service Revenue $556,625

Investment Income $216,031

Other Revenue $107,728

TOTAL REVENUE $2,748,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,271,383

Fundraising Expenses $88,448

Program Expenses $1,466,611

Other Expenses $827,388

TOTAL EXPENSES $2,098,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,748,108	$5,518,792	-0.5%
Expenses	$2,098,771	$1,837,036	+0.1%
Net Income	$649,337	$3,681,756	-0.8%

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

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

$133,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAIGE CROSBY	TRUSTEE/CHAIR	1.00	Officer Director	$0	$0	$0
FRANK A EMPSALL	TRUSTEE/TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA HILL-LARSEN	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$0	$0
BARBARA BRISTOL	TRUSTEE	1.00	Director	$0	$0	$0
OTTO WURZBURG	TRUSTEE	1.00	Director	$0	$0	$0
STEVE AGIUS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM VINTON	TRUSTEE	1.00	Director	$0	$0	$0
PETER HAMMER	TRUSTEE	1.00	Director	$0	$0	$0
DOROTHY BAXTER	TRUSTEE	1.00	Director	$0	$0	$0
CAROL LYON	TRUSTEE	1.00	Director	$0	$0	$0
JEN NOONAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES T RYAN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID S BARRINGTON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT BROWN	TRUSTEE	1.00	Director	$0	$0	$0
GARY MESCHER	TRUSTEE	1.00	Director	$0	$0	$0
JULIE KELLEY	TRUSTEE	1.00	Director	$0	$0	$0
DAN HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
KITTY TOLL	TRUSTEE	1.00	Director	$0	$0	$0
ADAM KANE	EXCEUTIVE DIRECTOR	40.00	Officer	$133,150	$0	$133,150

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	$2,748,108	$2,098,771	$15,067,459	$649,337
2023	$5,518,792	$1,837,036	$14,619,439	$3,681,756
2022	$2,749,134	$1,469,297	$9,827,116	$1,279,837
2021	$2,594,399	$1,406,544	$8,045,613	$1,187,855
2020	$3,042,179	$1,199,634	$6,911,704	$1,842,545
2019	$1,482,052	$1,489,143	$4,738,387	$-7,091
2018	$1,309,894	$1,276,725	$4,488,621	$33,169