CHARLES RIVER MUSEUM OF INDUSTRY A… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

DOUGLAS WAYBRIGHT

Phone

7818935410

Tax Period

2024-01-01 to 2024-12-31

CHARLES RIVER MUSEUM OF INDUSTRY AND INNOVATION INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $770K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $706K left a modest 8% surplus.

Mission

PROMOTE EDUCATION IN THE HISTORY OF INDUSTRY, ENGINEERING AND PUBLIC WORKS IN THE COMMUNITIES OF THE CHARLES RIVER WATERSHED IN MASSACHUSETTS AND BEYOND

Program Service Accomplishments

Program 1

Expenses: $519,301 Revenue: $88,182

PROMOTE EDUCATION IN THE HISTORY OF INDUSTRY, ENGINEERING AND PUBLIC WORKS IN THE COMMUNITIES OF THE CHARLES RIVER WATERSHED IN MASSACHUSETTS AND BEYOND

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $716,303

Program Service Revenue $88,576

Investment Income $429

Other Revenue $-34,835

TOTAL REVENUE $770,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,283

Fundraising Expenses $34,971

Program Expenses $519,301

Other Expenses $423,064

TOTAL EXPENSES $706,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,473	$523,083	+0.5%
Expenses	$706,347	$423,543	+0.7%
Net Income	$64,126	$99,540	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BRIAN CRAFTS	DIRECTOR	1.00	Officer Director	$0	$0	$0
DOUGLAS WAYBRIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
ELEANOR LOWELL	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD GORIN	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA FOLSOM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARLENE S ARCHER-CLARK	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TIMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
RUDY RUGGLES	PRESIDENT	1.00	Director	$0	$0	$0
MARK COHEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSE ELMES	DIRECTOR	1.00	Director	$0	$0	$0
RONALD PULICARI	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MOONAN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY A MAITIN	CLERK	1.00	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	$770,473	$706,347	$1,748,274	$64,126
2023	$523,083	$423,543	$1,063,792	$99,540
2022	$360,493	$376,170	$1,024,701	$-15,677
2021	$290,519	$263,697	$644,461	$26,822
2020	$279,252	$210,245	$581,133	$69,007
2019	$396,520	$364,584	$502,692	$31,936
2018	$609,112	$326,741	$503,967	$282,371

CHARLES RIVER MUSEUM OF INDUSTRY AND INNOVATION INC