FREDERIC REMINGTON ART MUSEUM (EIN 133179600) - 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

1981

Legal Domicile

Principal Officer

DOUGLAS MCDONALD

Phone

3133932425

Tax Period

2023-01-01 to 2023-12-31

FREDERIC REMINGTON ART MUSEUM, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $462K in total revenue in fiscal year 2023. Expenses of $701K exceeded revenue, resulting in a 52% operating deficit.

Mission

PRESERVATION AND EXHIBITION OF FREDERIC REMINGTON'S ART WORK AND OPERATION OF A PUBLIC MUSEUM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $290,813

Program Service Revenue $43,177

Investment Income $6,949

Other Revenue $120,952

TOTAL REVENUE $461,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,293

Fundraising Expenses $49,402

Program Expenses $562,178

Other Expenses $333,175

TOTAL EXPENSES $701,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$461,891	$438,679	+0.1%
Expenses	$701,468	$727,730	0.0%
Net Income	$-239,577	$-289,051	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA DOWNS	SECRETARY	1.00	Officer Director	$0	$0	$0
ED FORBES	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG MCDONALD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JEANINE MCLELLAN	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA HITTERMAN	TRUSTEE	1.00	Director	$0	$0	$0
AMY WRIGHT	PRESIDENT	1.00	Officer Director	$0	$0	$0
RHONDA ROETHEL	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN SCHWARTZ	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA MAHONEY	TRUSTEE	1.00	Director	$0	$0	$0
TERRY HAND SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DAVID VALOIS	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	No data	No data	No data	No data
2023	$461,891	$701,468	$4,554,530	$-239,577
2022	$438,679	$727,730	$4,660,351	$-289,051
2021	$590,086	$854,562	$5,040,361	$-264,476
2020	$595,450	$862,378	$5,019,469	$-266,928
2019	$608,454	$779,380	$5,198,439	$-170,926
2018	$648,995	$762,106	$5,069,764	$-113,111

FREDERIC REMINGTON ART MUSEUM