Southeast Museum Association Inc

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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

James I Nixon

Phone

8452786301

Tax Period

2025-01-01 to 2025-12-31

Southeast Museum Association Inc, founded in 1966, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $96K in total revenue in fiscal year 2025. Expenses of $131K exceeded revenue, resulting in a 36% operating deficit.

Mission

The Southeast Museum is dedicated to collecting, preserving and interpreting the material artifacts and culture significant to the history of the Town of Southeast and its environs.

Program Service Accomplishments

Program 1

Expenses: $130,980

Operation of 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 (2025)

Revenue Breakdown

Contributions & Grants $95,980

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $95,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,084

Fundraising Expenses $0

Program Expenses $130,980

Other Expenses $59,896

TOTAL EXPENSES $130,980

Year-over-Year Comparison

	2025	2024	Change
Revenue	$95,988	$89,245	+0.1%
Expenses	$130,980	$93,954	+0.4%
Net Income	$-34,992	$-4,709	+6.4%

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

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

N/A

Volunteers

N/A

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
James I Nixon III	President/Treasurer	10.00	Officer Director	$0	$0	$0
Verna Bergstrom	Vice President	5.00	Officer Director	$0	$0	$0
Stephen Shea	Secretary	5.00	Officer Director	$0	$0	$0
Joan Bradley	Trustee	2.00	Director	$0	$0	$0
Elizabeth Ryder	Trustee	2.00	Director	$0	$0	$0
Mary Ann Taormina	Trustee	2.00	Director	$0	$0	$0
Carol Bailey	Trustee	2.00	Director	$0	$0	$0
James Delawder	Trustee	2.00	Director	$0	$0	$0
Carola Genoovese	Trustee	2.00	Director	$0	$0	$0
Alexandra Johnson	Trustee	2.00	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
2025	$95,988	$130,980	$126,895	$-34,992
2024	No data	No data	No data	No data
2023	$69,173	$32,094	$167,999	$37,079
2022	$88,913	$73,464	$129,633	$15,449
2021	$83,317	$80,184	$115,733	$3,133
2020	$81,334	$79,868	$112,782	$1,466