NEW ENGLAND QUILT MUSEUM INC (EIN 042971424) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

PATRICE DENAULT

Phone

9784524207

Tax Period

2024-01-01 to 2024-12-31

NEW ENGLAND QUILT MUSEUM INC, founded in 1987, is a small nonprofit in the Arts, Culture & Humanities sector that reported $388K in total revenue in fiscal year 2024. Net assets of $1.5M represent 48 months of operating reserves.

Mission

THE N.E. QUILT MUSEUM USES QUILTS AND THE STORIES OF QUILTMAKING TO INSPIRE AND EDUCATE QUILTERS AND THE GENERAL PUBLIC. THE MUSEUM PRESENTS, PRESERVES, AND STUDIES AMERICAN QUILTMAKING, BOTH PAST AND PRESENT.

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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 $283,890

Program Service Revenue $32,402

Investment Income $39,022

Other Revenue $32,524

TOTAL REVENUE $387,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,350

Fundraising Expenses $0

Program Expenses $248,546

Other Expenses $177,003

TOTAL EXPENSES $408,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$387,838	$396,315	0.0%
Expenses	$408,353	$420,327	0.0%
Net Income	$-20,515	$-24,012	-0.1%

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
PATRICE DENAULT	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARJORIE MILLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KAITLIN DEMARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN LEAVITT	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHIE BELTZ	DIRECTOR	2.00	Director	$0	$0	$0
SUE BLANEY	DIRECTOR	2.00	Director	$0	$0	$0
JORDAN GAUTHIER	DIRECTOR	2.00	Director	$0	$0	$0
DONNA MAIN	DIRECTOR	2.00	Director	$0	$0	$0
MAUREEN J MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA MCHUGH	DIRECTOR	2.00	Director	$0	$0	$0
LEE OUELETTE	DIRECTOR	2.00	Director	$0	$0	$0
JEANNETTE RACINE	DIRECTOR	2.00	Director	$0	$0	$0
SHARON PERKO	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
2024	$387,838	$408,353	$1,555,906	$-20,515
2023	$396,315	$420,327	$1,499,330	$-24,012
2022	$373,619	$367,549	$1,420,306	$6,070
2021	$460,713	$313,060	$1,587,119	$147,653
2020	$413,052	$319,398	$1,393,789	$93,654
2018	$600,792	$338,682	$1,116,990	$262,110

NEW ENGLAND QUILT MUSEUM INC