THE NATIONAL MUSEUM OF THE AMERICA… - 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

2006

Legal Domicile

Principal Officer

MELINDA ZONGOR

Phone

8146231588

Tax Period

2023-01-01 to 2023-12-31

THE NATIONAL MUSEUM OF THE AMERICAN COVERLET, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $85K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $17K, a strong 20% operating margin.

Mission

THE NATIONAL MUSEUM OF THE AMERICAN COVERLET WAS INCORPORATED IN THE COMMONWEALTH OF PENNSYLVANIA ON FEBRUARY 21, 2006 FOR THE PURPOSE OF COLLECTION, DISPLAY, PRESERVATION AND STEWARDSHIP OF, AND EDUCATION REGARDING, PRIMARILY ANTIQUE WOVEN COVERLETS, THEIR HISTORY AND THEIR MAKERS, AS FURTHER DEFINED AND OUTLINED BY THE FOLLOWING: A)TO COLLECT AND DISPLAY FINE AND INTERESTING EXAMPLES OF COVERLETS OF ALL WEAVE STRUCTURES. B)TO ILLUSTRATE HOW COVERLETS WERE MADE AND BY WHOM. C)TO ILLUSTRATE COVERLETS IN HISTORY; I.E., BRING HISTORY TO LIFE BY DEMONSTRATING THE GENERAL HISTORICAL CONTEXT AND THE EVENTS OF THEIR DAY. D)TO ILLUSTRATE THE HISTORY IN COVERLETS; I.E., DEMONSTRATING THE BACKGROUND BEHIND POLITICAL SLOGANS, HISTORICALLY EVENT-RELATED PATTERN MOTIFS AND CHANGING TASTE IN DECORATIVE ARTS AS THEY APPEAR IN COVERLETS. E)TO RESPECT AND CONVEY THE HUMANITY OF THE WEAVERS AND THEIR LIFESTYLES AND CHALLENGES, BOTH PERSONAL AND PROFESSIONAL.

Program Service Accomplishments

Program 1

Expenses: $56,155 Revenue: $20,171

WE ARE HERE TO SHARE OUR PASSION FOR COVERLETS. ALTHOUGH THEIR IMPORTANCE IN THE SPECTRUM OF AMERICAN MATERIAL CULTURE HAS BEEN FULLY ACKNOWLEDGED, THERE IS PRECIOUS LITTLE ATTENTION GIVEN TO THEM...

WE ARE HERE TO SHARE OUR PASSION FOR COVERLETS. ALTHOUGH THEIR IMPORTANCE IN THE SPECTRUM OF AMERICAN MATERIAL CULTURE HAS BEEN FULLY ACKNOWLEDGED, THERE IS PRECIOUS LITTLE ATTENTION GIVEN TO THEM. THE MUSEUM RECOGNIZES THE NEED FOR AN INSTITUTION DEVOTED TO THE WOVEN COVERLET AND ITS HISTORY, ART AND CRAFT. THIS ORGANIZATION IS DEDICATED TO BRINGING COVERLETS INTO THE LIGHT AND INTRODUCING THE PUBLIC TO THEIR COLORFUL TEXTURAL BEAUTY. THE MUSEUM SEEKS TO ENHANCE PUBLIC INTEREST, APPRECIATION AND UNDERSTANDING OF COVERLETS BY PLACING THEM IN THE CONTEXT OF EVENTS AND DEVELOPMENTS OF THEIR DAY, BY CELEBRATING THE HUMANITY OF THEIR WEAVERS, AND BY ILLUSTRATING AND DEMONSTRATING THE METHODS OF THEIR PRODUCTION THROUGH A VARIETY OF EDUCATIONAL METHODS AND PROGRAMS.

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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 $48,435

Program Service Revenue $20,171

Investment Income $357

Other Revenue $16,092

TOTAL REVENUE $85,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,121

Fundraising Expenses $2,037

Program Expenses $56,155

Other Expenses $57,956

TOTAL EXPENSES $68,077

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,055	$100,977	-0.2%
Expenses	$68,077	$72,573	-0.1%
Net Income	$16,978	$28,404	-0.4%

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

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

$8,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELINDA ZONGOR	CURATOR & MU	40.00	Officer	$8,875	$0	$8,875
RONALD WALTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARTIN SCHLABACH	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
TRACY LEWIS - OUTGOING	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH BIXLER	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$85,055	$68,077	$793,494	$16,978
2022	$100,977	$72,573	$795,416	$28,404
2021	$95,878	$71,405	$776,652	$24,473
2020	$112,001	$60,533	$762,965	$51,468
2019	$104,404	$76,295	$713,143	$28,109
2018	$92,754	$78,381	$698,147	$14,373

THE NATIONAL MUSEUM OF THE AMERICAN COVERLET