SENECA MUSEUM OF WATERWAYS AND IND… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

ANDREW OLDEN PHD

Phone

3155681510

Tax Period

2024-01-01 to 2024-12-31

SENECA MUSEUM OF WATERWAYS AND INDUSTRY, founded in 1998, is a small nonprofit in the Arts, Culture & Humanities sector that reported $201K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $194K left a modest 3% surplus.

Mission

OPERATION OF A HISTORICAL MUSEUM. PROVIDE EDUCATION TO ADULTS AND CHILDREN ABOUT THE HISTORY OF THE SENECA RIVER AND ITS IMPORTANCE IN THE INDUSTRIALIZATION OF SENECA COUNTY

Program Service Accomplishments

Program 1

Expenses: $187,070 Revenue: $138,742

PROVIDE EDUCATION TO ADULTS AND CHILDREN ABOUT THE HISTORY OF THE SENECA RIVER AND ITS IMPORTANCE IN THE INDUSTRIALIZATION OF SENECA COUNTY THROUGH OPERATION OF A HISTORICAL 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 (2024)

Revenue Breakdown

Contributions & Grants $54,932

Program Service Revenue $127,942

Investment Income $2,373

Other Revenue $15,720

TOTAL REVENUE $200,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $118,447

Fundraising Expenses $0

Program Expenses $187,070

Other Expenses $75,523

TOTAL EXPENSES $193,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,967	$182,221	+0.1%
Expenses	$193,970	$165,176	+0.2%
Net Income	$6,997	$17,045	-0.6%

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

N/A

Independent Members

N/A

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

$58,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA GIOVANNINI	PRESIDENT (JAN-MAR)	2.00	Officer Director	$0	$0	$0
DOUG AVERY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RENEE TRACY	TREASURER (JAN-AUG)	2.00	Officer Director	$0	$0	$0
DEBBY GREENE	SECRETARY	2.00	Officer Director	$0	$0	$0
MAGGIE CARSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES FITZGERALD	BOARD MEMBER	2.00	Director	$0	$0	$0
ED JURKIEWICZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE BRADY	BOARD MEMBER (JAN-AUG)	2.00	Director	$0	$0	$0
CHRISTINA GANZON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID GOLDBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
FIONA JARRETT-THELWELL	BOARD MEMBER (JAN-APR)	2.00	Director	$0	$0	$0
JAMES DEPAOLIS	PRESIDENT (APR-DEC)	2.00	Officer Director	$0	$0	$0
ANDREW OLDEN PHD	EXECUTIVE DIRECTOR	40.00	Officer	$58,458	$0	$58,458

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	$200,967	$193,970	$205,151	$6,997
2023	$182,221	$165,176	$178,346	$17,045
2022	$188,302	$162,695	$161,702	$25,607

SENECA MUSEUM OF WATERWAYS AND INDUSTRY