MIDWEST LUMBER MUSEUM INC

EIN: 205989559 501(c)(3) Arts, Culture & Humanities

CLINTON, IA

Total Revenue
$313,112
Total Expenses
$201,484
Total Assets
$7,204,611
Net Assets
$6,817,551
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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
IA
Principal Officer
EDDIE DUNHAM
Phone
5632423440
Tax Period
2023-01-01 to 2023-12-31

MIDWEST LUMBER MUSEUM INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $313K in total revenue in fiscal year 2023. The organization ran a surplus of $112K, a strong 36% operating margin.

Mission

TO ESTABLISH AN INTERACTIVE, EDUCATIONAL, CULTURAL MUSEUM THAT CELEBRATES THE RICH HISTORY OF THE SAWMILL AREA PAST AND PRESENT.

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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 $116,623
Program Service Revenue $120,389
Investment Income $38,614
Other Revenue $37,486
TOTAL REVENUE $313,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,403
Fundraising Expenses $0
Program Expenses $107,714
Other Expenses $114,081
TOTAL EXPENSES $201,484

Year-over-Year Comparison

2023 2022 Change
Revenue $313,112 $298,535 +0.0%
Expenses $201,484 $184,958 +0.1%
Net Income $111,628 $113,577 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

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Governance

Voting Members
11
Independent Members
11
Employees
3
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT ALT BOARD MEMBER N/A
Director
$0 $0 $0
JOE BUIKEMA BOARD MEMBER N/A
Director
$0 $0 $0
PETER CLAUSEN BOARD MEMBER N/A
Director
$0 $0 $0
EDDIE DUNHAM BOARD MEMBER N/A
Director
$0 $0 $0
ANN EISENMAN BOARD MEMBER N/A
Director
$0 $0 $0
BOB HOLESINGER BOARD MEMBER N/A
Director
$0 $0 $0
ERIC JOHNSON BOARD MEMBER N/A
Director
$0 $0 $0
RONALD KIRCHER TREASURER N/A
Officer Director
$0 $0 $0
LOUISE LAURENT SECRETARY N/A
Officer Director
$0 $0 $0
ARI LEWEDENT BOARD MEMBER N/A
Director
$0 $0 $0
MARK MANGLER VICE-PRESIDE N/A
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 No data No data No data No data
2023 $313,112 $201,484 $7,204,611 $111,628
2022 $298,535 $184,958 $7,091,598 $113,577
2021 $390,542 $158,252 $6,592,346 $232,290
2020 $246,459 $149,059 $6,360,056 $97,400
2019 $416,561 $192,714 $6,256,171 $223,847
2018 $257,791 $156,297 $6,157,547 $101,494
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