FRIENDS OF THE MUSEUM OF THE COAST… - 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

Phone

3615822436

Tax Period

2021-09-01 to 2022-08-31

FRIENDS OF THE MUSEUM OF THE COASTAL BEND, founded in 2006, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $59K in total revenue in fiscal year 2021. Revenue decreased 18% compared to the prior year. Expenses of $243K exceeded revenue, resulting in a 309% operating deficit.

Mission

The goal of the organization is to suppport the Museum's efforts to preserve and exhibit the multi-cultural heritage of the Coastal Bend area for both the education and enjoyment of the public.

Program Service Accomplishments

Program 1

Expenses: $221,334 Revenue: $35,897

The Museum provides exhibits relating to the Coastal Bend region that can be viewed with or without the use of an audio "tour assistant". There are tours for student and other groups and specific...

The Museum provides exhibits relating to the Coastal Bend region that can be viewed with or without the use of an audio "tour assistant". There are tours for student and other groups and specific activities are planned for these groups. Also, on occasion, individuals dressed appropriately for the period serve as docents and lecturers.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,055

Program Service Revenue $34,668

Investment Income $18,998

Other Revenue $574

TOTAL REVENUE $59,295

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $221,334

Other Expenses $42,710

TOTAL EXPENSES $242,710

Year-over-Year Comparison

	2021	2020	Change
Revenue	$59,295	$72,246	-0.2%
Expenses	$242,710	$38,484	+5.3%
Net Income	$-183,415	$33,762	-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

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
JOSEPH LOCKE	Chairman	0.75	Officer Director	$0	$0	$0
CHARLIE KOUBA	VICE CHAIR	0.75	Officer Director	$0	$0	$0
EMILY WEATHERLY	sec/treas	0.75	Officer Director	$0	$0	$0
BILL HARVEY	board member	0.75	Director	$0	$0	$0
JENNIFER KENT	EX-OFFICIO	0.75	Director	$0	$0	$0
JOEL NOVOSAD	board member	0.75	Director	$0	$0	$0
KEITH BLUNDELL	EX-OFFICIO	0.75	Director	$0	$0	$0
LARRY W NICHOLS	board member	0.75	Director	$0	$0	$0
MATTHEW GASKIN	board member	0.75	Director	$0	$0	$0
OC GARZA	board member	0.75	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
2022	$59,295	$242,710	$71,574	$-183,415

FRIENDS OF THE MUSEUM OF THE COASTAL BEND