HAMMOND MUSEUM INC

EIN: 136111418 501(c)(3) Arts, Culture & Humanities

NORTH SALEM, NY

Total Revenue
$774,697
Total Expenses
$341,976
Total Assets
$1,072,907
Net Assets
$963,787
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NY
Principal Officer
ELIZABETH HAMMER
Phone
9146695033
Tax Period
2024-01-01 to 2024-12-31

HAMMOND MUSEUM INC, founded in 1957, is a small nonprofit in the Arts, Culture & Humanities sector that reported $775K in total revenue in fiscal year 2024. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $433K, a strong 56% operating margin.

Mission

TO PROVIDE VISITORS WITH ENRICHING EXHIBITIONS AND PROGRAMS, TOGETHER WITH THE GARDEN, AND TO PROMOTE EAST-WEST CULTURAL UNDERSTANDING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $599,698
Program Service Revenue $126,977
Investment Income $120
Other Revenue $47,902
TOTAL REVENUE $774,697

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,723
Fundraising Expenses $0
Program Expenses $91,369
Other Expenses $330,253
TOTAL EXPENSES $341,976

Year-over-Year Comparison

2024 2023 Change
Revenue $774,697 $306,436 +1.5%
Expenses $341,976 $260,272 +0.3%
Net Income $432,721 $46,164 +8.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
N/A
Employees
1
Volunteers
30

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
1
$78,652
Total Directors
11
$78,652
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH HAMMER EXECUTIVE DI 40.00
Officer Director
$78,652 $0 $78,652
LENORE ADAMS TRUSTEE 30.00
Director
$0 $0 $0
DEBORAH GRONER D'AGASTINO TRUSTEE 7.00
Director
$0 $0 $0
MARTIN HARA TRUSTEE 1.00
Director
$0 $0 $0
DAVID INSOFT TREASURER 7.00
Director
$0 $0 $0
DR LAURA NETTING VICE CHAIRMA 7.00
Director
$0 $0 $0
DR DUSTAN OSBORN CHAIRMAN 4.00
Director
$0 $0 $0
STEPHEN PENNER TRUSTEE 2.00
Director
$0 $0 $0
CHRIS PEPINO SECRETARY 5.00
Director
$0 $0 $0
STACY THOMAS TRUSTEE 4.00
Director
$0 $0 $0
LISA KROLL WITT TRUSTEE 12.00
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 $774,697 $341,976 $1,072,907 $432,721
2023 $306,436 $260,272 $659,260 $46,164
2022 $136,902 $200,347 $628,861 $-63,445
2021 $205,669 $172,610 $714,570 $33,059
2020 $210,976 $168,444 $697,694 $42,532
2019 $199,557 $194,039 $673,035 $5,518
2018 $246,988 $196,682 $684,813 $50,306
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