LOCKWOOD-MATHEWS MANSION MUSEUM OF NORWALK INC (EIN 060811776) - 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

1966

Legal Domicile

Principal Officer

SHANNON O'TOOLE-GIANDURCO

Phone

2038389799

Tax Period

2024-01-01 to 2024-12-31

LOCKWOOD-MATHEWS MANSION MUSEUM OF NORWALK INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION STRIVES TO PRESERVE A LANDMARK AND INTERPRET ITS 19TH C. HISTORY THROUGH PUBLIC PROGRAMS THAT EDUCATE AND ENGAGE OUR COMMUNITIES, WHILE ENCOURAGING DIALOGUE, CRITICAL THINKING, AND CREATIVITY.

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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 $9,757,767

Program Service Revenue $0

Investment Income $17,389

Other Revenue $13,387

TOTAL REVENUE $9,788,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,100

Fundraising Expenses $46,734

Program Expenses $9,684,869

Other Expenses $9,728,293

TOTAL EXPENSES $9,980,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,788,543	$5,374,948	+0.8%
Expenses	$9,980,393	$5,476,625	+0.8%
Net Income	$-191,850	$-101,677	+0.9%

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

$109,200

Total Directors

$109,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN GILGORE	EXECUTIVE DI	40.00	Officer Director	$109,200	$0	$109,200
PATSY BRESCIA	VICE CHAIR O	30.00	Officer Director	$0	$0	$0
GAIL CANDLIN	2ND VICE CHA	10.00	Officer Director	$0	$0	$0
DOUGLAS HEMPSTEAD	CHAIRMAN OF	10.00	Officer Director	$0	$0	$0
SHANNON O'TOOLE-GIANDURCO	TREASURER	10.00	Officer Director	$0	$0	$0
LYNNE H BYINGTON	SECRETARY	5.00	Officer Director	$0	$0	$0
KATHLEEN CUSTIS	TRUSTEE	5.00	Director	$0	$0	$0
LAWRENCE F CAFERO JR	TRUSTEE	5.00	Director	$0	$0	$0
ERNEST DESROCHERS	TRUSTEE	5.00	Director	$0	$0	$0
MIMI FINDLAY	TRUSTEE	5.00	Director	$0	$0	$0
DAVID HEUVELMAN ESQ	TRUSTEE	5.00	Director	$0	$0	$0
GAIL INGIS	TRUSTEE	5.00	Director	$0	$0	$0
MIKLOS P KOLESZAR	TRUSTEE	5.00	Director	$0	$0	$0
GARY LORUSSO	TRUSTEE	5.00	Director	$0	$0	$0
CHARLES NYSTROM	TRUSTEE	5.00	Director	$0	$0	$0
KATHLEEN OLSEN	TRUSTEE	5.00	Director	$0	$0	$0
VICTORIA VANDAMM	TRUSTEE	5.00	Director	$0	$0	$0
PAUL L VEEDER II	TRUSTEE	5.00	Director	$0	$0	$0
MARGARET WALKER ESQ	TRUSTEE	5.00	Director	$0	$0	$0
DAVID G WESTMORELAND	TRUSTEE	5.00	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	$9,788,543	$9,980,393	$3,376,722	$-191,850
2023	$5,374,948	$5,476,625	$3,031,725	$-101,677
2022	$1,199,757	$1,288,767	$2,236,387	$-89,010
2021	$1,108,220	$772,478	$2,114,650	$335,742
2020	$893,134	$784,277	$1,853,568	$108,857
2019	$447,815	$481,875	$1,552,809	$-34,060
2018	$402,459	$419,845	$1,617,826	$-17,386

LOCKWOOD-MATHEWS MANSION MUSEUM OF NORWALK INC