SHAKER MUSEUM AND LIBRARY (EIN 141364601) - 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

1950

Legal Domicile

Principal Officer

LISA MALONE JACKSON

Phone

5187949100

Tax Period

2023-01-01 to 2023-12-31

SHAKER MUSEUM AND LIBRARY, founded in 1950, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

SHAKER MUSEUM ELEVATES SHAKER MATERIAL CULTURE TO ANIMATE SHAKER VALUES AND BELIEFS AND INSPIRE INDIVIDUALS AND COMMUNITIES TO DEEPEN BONDS AND SEEK MEANINGFUL APPROACHES TO SOCIAL, ECONOMIC, ENVIRONMENTAL, AND SPIRITUAL ISSUES.

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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 $1,119,088

Program Service Revenue $1,755

Investment Income $99,535

Other Revenue $-103,380

TOTAL REVENUE $1,116,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $787,485

Fundraising Expenses $99,349

Program Expenses $795,302

Other Expenses $470,948

TOTAL EXPENSES $1,258,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,116,998	$2,214,334	-0.5%
Expenses	$1,258,433	$1,105,607	+0.1%
Net Income	$-141,435	$1,108,727	-1.1%

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

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

$353,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LACY SCHUTZ	EXECUTIVE DI	40.00	Officer	$200,000	$16,637	$216,637
LISA MALONE JACKSON	DEPUTY EXECU	40.00	Officer	$122,408	$14,861	$137,269
PAUL CASSIDY	CHAIRMAN	8.00	Officer Director	$0	$0	$0
JOHN SCHOBEL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JOHN FRISHKOPF	TREASURER	12.00	Officer Director	$0	$0	$0
JEREMY STYNES	SECRETARY	3.00	Officer Director	$0	$0	$0
JEFF BAILEY	TRUSTEE	0.50	Director	$0	$0	$0
MARY GAIL BIEBEL	TRUSTEE	0.50	Director	$0	$0	$0
BEN BISCHOFF	TRUSTEE	0.50	Director	$0	$0	$0
KIMBERLY DRIESSON	TRUSTEE	0.50	Director	$0	$0	$0
JAMES KOCIS	TRUSTEE	0.50	Director	$0	$0	$0
CARL R FISCHER IV	TRUSTEE	0.50	Director	$0	$0	$0
RAE GILSON	TRUSTEE	0.50	Director	$0	$0	$0
KENNETH KRAMER	TRUSTEE	0.50	Director	$0	$0	$0
JOSEPH KUSNICK	TRUSTEE	0.50	Director	$0	$0	$0
LAEL LOCKE	TRUSTEE	0.50	Director	$0	$0	$0
MATTHEW MALIN	TRUSTEE	0.50	Director	$0	$0	$0
MARTHA MCMASTER	TRUSTEE	0.50	Director	$0	$0	$0
PHIL MEEKS	TRUSTEE	0.50	Director	$0	$0	$0
KAREN SUEN-COOPER	TRUSTEE	0.50	Director	$0	$0	$0
KATHLEEN WEISER	TRUSTEE	0.50	Director	$0	$0	$0
JD WEINBERG	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN G WILLIAMS SR	FOUNDING DIR	0.50	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	$1,116,998	$1,258,433	$10,412,586	$-141,435
2022	$2,214,334	$1,105,607	$10,391,258	$1,108,727
2021	$2,823,431	$1,089,861	$9,305,464	$1,733,570
2020	$3,387,194	$825,436	$8,043,512	$2,561,758
2019	$757,652	$830,068	$5,096,940	$-72,416
2018	$1,333,526	$749,291	$5,419,586	$584,235

SHAKER MUSEUM AND LIBRARY