MORRISTOWN GATEWAY MUSEUM (EIN 161465367) - 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

1971

Legal Domicile

Principal Officer

DEAN SHELATO

Phone

6142058437

Tax Period

2024-01-01 to 2024-12-31

MORRISTOWN GATEWAY MUSEUM, founded in 1971, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $19K, a strong 29% operating margin.

Mission

ESTABLISHMENT OF A LOCAL MUSEUM OPEN TO AND FOR THE BENEFIT OF THE GENERAL PUBLIC.

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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 $56,518

Program Service Revenue $0

Investment Income $4,780

Other Revenue $3,137

TOTAL REVENUE $64,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,452

Other Expenses $45,605

TOTAL EXPENSES $45,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,435	$74,888	-0.1%
Expenses	$45,605	$55,341	-0.2%
Net Income	$18,830	$19,547	0.0%

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

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
RICHARD BZURA	TRUSTEE	4.00	Director	$0	$0	$0
GEORGE COSLER	TRUSTEE	3.00	Director	$0	$0	$0
CHRIS COFFIN	TRUSTEE	2.00	Director	$0	$0	$0
TERRY MARTIN	TRUSTEE	3.00	Director	$0	$0	$0
SHIRLEY MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
ERIC OLCOTT	TRUSTEE	2.00	Director	$0	$0	$0
YVONNE MCDONALD	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA PAQUETTE	TRUSTEE	2.00	Director	$0	$0	$0
MIKE PAQUETTE	TRUSTEE	3.00	Director	$0	$0	$0
ROSEANNE PAQUETTE	TRUSTEE	1.00	Director	$0	$0	$0
JAY PAQUETTE	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN PLACE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JILL MARTIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ANNEMARIE FITZRANDOLPH	SECRETARY	5.00	Officer Director	$0	$0	$0
DEAN SHELATO	TREASURER	5.00	Officer 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	$64,435	$45,605	$670,794	$18,830
2023	$74,888	$55,341	$648,428	$19,547
2022	$40,531	$37,256	$622,165	$3,275
2021	$34,759	$53,917	$636,631	$-19,158
2020	$50,776	$52,191	$627,901	$-1,415
2019	$69,550	$38,489	$447,803	$31,061
2018	$39,810	$68,560	$375,109	$-28,750

MORRISTOWN GATEWAY MUSEUM