THE AMERICAN MUSEUM OF FLY FISHING INC

EIN: 030220781 501(c)(3) Arts, Culture & Humanities

MANCHESTER, VT

Total Revenue
$548,560
Total Expenses
$968,791
Total Assets
$2,448,711
Net Assets
$2,439,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
VT
Principal Officer
SARAH FOSTER
Phone
8023623300
Tax Period
2024-01-01 to 2024-12-31

THE AMERICAN MUSEUM OF FLY FISHING INC, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $549K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $969K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE AMERICAN MUSEUM OF FLY FISHING IS THE STEWARD OF THE HISTORY, TRADITIONS, AND PRACTICES OF THE SPORT OF FLY FISHING AND PROMOTES THE CONSERVATION OF ITS WATERS. THE MUSEUM COLLECTS, PRESERVES, EXHIBITS, STUDIES, AND INTERPRETS THE ARTIFACTS, ART, AND LITERATURE OF THE SPORT AND USES THESE RESOURCES TO ENGAGE, EDUCATE, AND BENEFIT ALL.

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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 $474,607
Program Service Revenue $21,694
Investment Income $19,910
Other Revenue $32,349
TOTAL REVENUE $548,560

Expense Breakdown

Grants Paid $0
Salaries & Benefits $390,874
Fundraising Expenses $102,427
Program Expenses $625,151
Other Expenses $577,917
TOTAL EXPENSES $968,791

Year-over-Year Comparison

2024 2023 Change
Revenue $548,560 $596,749 -0.1%
Expenses $968,791 $786,213 +0.2%
Net Income $-420,231 $-189,464 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
13
Volunteers
28

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
7
$119,285
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH FOSTER EXECUTIVE DI 40.00
Officer
$81,810 $37,475 $119,285
FREDERICK S POLHEMUS PRESIDENT (J 3.00
Officer Director
$0 $0 $0
GARDNER L GRANT JR PRESIDENT (O 3.00
Officer Director
$0 $0 $0
SAL CAMPOFRANCO VP, TREASURE 3.00
Officer Director
$0 $0 $0
MARK COMORA VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ANDREW W WARD VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JAMES C WOODS SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES BEATTIE TRUSTEE 1.00
Director
$0 $0 $0
DAVE BEVERIDGE TRUSTEE 1.00
Director
$0 $0 $0
PETER BOWDEN TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY DAVINO TRUSTEE 1.00
Director
$0 $0 $0
RONALD GARD TRUSTEE 1.00
Director
$0 $0 $0
KAREN KAPLAN TRUSTEE 1.00
Director
$0 $0 $0
MARGIE KAAT TRUSTEE 1.00
Director
$0 $0 $0
ROBERT A ODEN JR TRUSTEE 1.00
Director
$0 $0 $0
TOM PHILIPS TRUSTEE 1.00
Director
$0 $0 $0
HEATHER POST TRUSTEE 1.00
Director
$0 $0 $0
ROBERT SCOTT TRUSTEE 1.00
Director
$0 $0 $0
JASON SCOTT TRUSTEE 1.00
Director
$0 $0 $0
TYLER S THOMPSON TRUSTEE 1.00
Director
$0 $0 $0
RICHARD G TISCH TRUSTEE 1.00
Director
$0 $0 $0
GABE TISHMAN TRUSTEE 1.00
Director
$0 $0 $0
ADAM TRISK TRUSTEE 1.00
Director
$0 $0 $0
PATRICIA WATSON TRUSTEE 1.00
Director
$0 $0 $0
THOMAS WEBER TRUSTEE 1.00
Director
$0 $0 $0
STEVE ZORIC TRUSTEE 1.00
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 $548,560 $968,791 $2,448,711 $-420,231
2023 $596,749 $786,213 $2,669,691 $-189,464
2022 $633,460 $788,252 $2,655,424 $-154,792
2021 $535,643 $652,809 $3,006,293 $-117,166
2020 $749,771 $614,780 $2,887,379 $134,991
2019 $750,274 $668,809 $2,862,161 $81,465
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