BUSY BRAINS CHILDRENS MUSEUM

EIN: 200912711 501(c)(3) Arts, Culture & Humanities

LAKE VILLA, IL

Total Revenue
$8,287
Total Expenses
$40,868
Total Assets
$884,607
Net Assets
$884,607
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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
2004
Legal Domicile
IL
Tax Period
2023-07-01 to 2024-06-30

BUSY BRAINS CHILDRENS MUSEUM, founded in 2004, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 393% operating deficit.

Mission

ENCOURAGES THE JOY OF LEARNING AND DISCOVERY IN ALL CHILDREN WITH EXHIBITS AND ENLIGHTENING PROGRAMS IN THE ARTS, SCIENCES AND HUMANITIES

Program Service Accomplishments

Program 1
Expenses: $40,868

TO PROVIDE INTERACTIVE EXHIBITS AND ENLIGHTENING PROGRAMS IN THE ARTS, SCIENCES AND HUMANITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,533
Program Service Revenue $6,754
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,287

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,998
Fundraising Expenses $0
Program Expenses $40,868
Other Expenses $33,870
TOTAL EXPENSES $40,868

Year-over-Year Comparison

2023 2022 Change
Revenue $8,287 $16,255 -0.5%
Expenses $40,868 $50,872 -0.2%
Net Income $-32,581 $-34,617 -0.1%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
2
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
6
$6,015
Total Directors
8
$6,015
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALISON K PRICE EXECUTIVE DIRECTOR 4.00
Officer Director
$4,736 $0 $4,736
HEIDI ALEXANDER DIRECTOR OF OPERATIONS 2.00
Officer Director
$1,279 $0 $1,279
LARRY FALBE DIRECTOR 0.00
Director
$0 $0 $0
ERIN DONOVAN DIRECTOR 0.00
Director
$0 $0 $0
SUSIE ABBOTT SECRETARY 0.00
Officer Director
$0 $0 $0
KATHY GOERS DIRECTOR OF EDUCATION 0.00
Officer Director
$0 $0 $0
LAURA FRANZ PRESIDENT 0.00
Officer Director
$0 $0 $0
JAMIE DEYOUNG-CISZEWSKI TREASURER 0.00
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 $8,287 $40,868 $884,607 $-32,581
2023 $16,255 $50,872 $917,188 $-34,617
2022 $10,767 $42,956 $951,805 $-32,189
2020 $142,494 $67,972 $1,017,879 $74,522
2019 $87,611 $99,359 $943,357 $-11,748
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