MIDWEST LUMBER MUSEUM INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $94,362

THE MUSEUM FEATURES DYNAMIC EXHIBITS, PROGRAMS, AND EVENTS THAT EXPLORE THE HISTORY OF AMERICA'S SAWMILL, LUMBER, AND FORESTRY INDUSTRIES, THEIR CURRENT PRACTICES, AND FUTURE OPPORTUNITIES AND...

THE MUSEUM FEATURES DYNAMIC EXHIBITS, PROGRAMS, AND EVENTS THAT EXPLORE THE HISTORY OF AMERICA'S SAWMILL, LUMBER, AND FORESTRY INDUSTRIES, THEIR CURRENT PRACTICES, AND FUTURE OPPORTUNITIES AND CHALLENGES. THE MUSEUM HAD OVER 6200 VISITORS FOR THE YEAR ENDED 2014. THE MUSEUM FEATURES A LUMBERJACK CAMP FOR KIDS,STRUVE MILL EQUIMENT, A WORKING SAWMILL AND OTHER EXHIBITS. THE MUSEUM ALSO HELD PROGRAMS ON WOODCRAFTS, CRAFTS AND THE "LUMBER BARONS". SCHOOLS ALSO SPONSORED FIELD TRIPS TO THE 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 (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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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