THE TOMAQUAG INDIAN MEMORIAL MUSEUM

EIN: 050352796 501(c)(3) Arts, Culture & Humanities

EXETER, RI

Total Revenue
$1,842,975
Total Expenses
$1,048,467
Total Assets
$4,552,943
Net Assets
$4,434,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
RI
Principal Officer
LOREN SPEARS
Phone
4014919063
Tax Period
2023-01-01 to 2023-12-31

THE TOMAQUAG INDIAN MEMORIAL MUSEUM, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $795K, a strong 43% operating margin.

Mission

TO ENHANCE EDUCATION AND TO PROMOTE UNDERSTANDING OF THE INDIGENOUS PEOPLE/NATIVE AMERICAN INDIAN, AND THOSE PURPOSES TO MAINTAIN A MUSEUM AND EDUCATIONAL FACILITIES TO EDUCATE THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,563,943
Program Service Revenue $193,702
Investment Income $52,385
Other Revenue $32,945
TOTAL REVENUE $1,842,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $627,320
Fundraising Expenses $279,903
Program Expenses $562,266
Other Expenses $421,147
TOTAL EXPENSES $1,048,467

Year-over-Year Comparison

2023 2022 Change
Revenue $1,842,975 $2,308,048 -0.2%
Expenses $1,048,467 $763,853 +0.4%
Net Income $794,508 $1,544,195 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
17
Volunteers
57

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
5
$79,038
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOREN SPEARS EXECUTIVE DIRECTOR 40.00
Officer
$64,469 $14,569 $79,038
KATIE KIRAKOSIAN DIRECTOR, CO-CHAIR 4.00
Officer Director
$0 $0 $0
ELISABETH DOVE MANNING DIRECTOR, CO-CHAIR 1.00
Officer Director
$0 $0 $0
LAWRENCE SHUMATE DIRECTOR, TREASURER 1.00
Officer Director
$0 $0 $0
AMANDA THOMPSON DIRECTOR, SECRETARY 1.50
Officer Director
$0 $0 $0
CLINTON GARDINER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIAN HOPKINS DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN MORSE DIRECTOR 1.00
Director
$0 $0 $0
CLARISSA PUNGOWIYI DIRECTOR 1.00
Director
$0 $0 $0
BRIAN-LOGAN REID DIRECTOR 1.00
Director
$0 $0 $0
ROBERT SHUMATE DIRECTOR 1.00
Director
$0 $0 $0
SYLVIA SPEARS DIRECTOR 1.00
Director
$0 $0 $0
VALERIE TAYLOR DIRECTOR 1.50
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 No data No data No data No data
2023 $1,842,975 $1,048,467 $4,552,943 $794,508
2022 $2,308,048 $763,853 $3,790,387 $1,544,195
2021 $844,067 $279,892 $743,480 $564,175
2021 $1,631,668 $269,135 $2,119,532 $1,362,533
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