THE PHELPS MANSION MUSEUM

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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

2005

Legal Domicile

Phone

6077224873

Tax Period

2024-06-01 to 2025-05-31

THE PHELPS MANSION MUSEUM, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $298K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Net assets of $1.5M represent 59 months of operating reserves.

Mission

THE PHELPS MANSION MUSEUM WILL UTILIZE AND PRESERVE ITS UNIQUE VICTORIAN FACILITY AND COLLECTIONS TO SERVE THE PUBLICE THROUGH REGULAR TOURS, EXHIBITS AND PROGRAMS EMPHASIZING LOCAL HISTORY, EDUCATION, LITERATURE, ART AND MUSIC.

Program Service Accomplishments

Program 1

Expenses: $260,836 Revenue: $60,598

THE ORGANIZATION'S COLLECTIONS CONSIST OF ANTIQUE FURNITURE AND FIXTURES DISPLAYED IN THE PHELPS MANSION MUSEUM (A HISTORICAL HOUSE MUSEUM) WHICH FUNCTIONS AS AN EDUCATIONAL MUSEUM. THERE IS A SMALL COLLECTIONS OF CLOTHING FROM THE VICTORIAN AND EDWARDIAN PERIODS, AND A COLLECTION OF WOODWORKING TOOLS OF A CABINET MAKER WHO WORKED ON BUILDING THE MANSION IN THE EARLY 1870'S (DONATED BY THE FAMILY TO THE MUSEUM). THE MUSEUM HAS HAD EXHIBITS OF THIS PART OF OUR COLLECTIONS. ADDITIONAL EXHIBITS OF OTHER PARTS OF OUR COLLECTIONS ARE IN THE PLANNING STAGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $157,077

Program Service Revenue $60,598

Investment Income $63,093

Other Revenue $17,431

TOTAL REVENUE $298,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,920

Fundraising Expenses $0

Program Expenses $260,836

Other Expenses $171,947

TOTAL EXPENSES $319,867

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,199	$210,711	+0.4%
Expenses	$319,867	$282,471	+0.1%
Net Income	$-21,668	$-71,760	-0.7%

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

$53,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN REARDON	CHAIR/TREASURER	4.00	Officer Director	$0	$0	$0
PAUL MILLER	SECRETARY	4.00	Officer Director	$0	$0	$0
JOHN CHAFFEE	VICE CHAIR	4.00	Officer Director	$0	$0	$0
DR CHELSEA GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
MATT GRANT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KITCHEN	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY MCMANUS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY MARINO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CORBY	EXECUTIVE DIRECTOR	40.00	Officer	$53,480	$0	$53,480

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
2025	$298,199	$319,867	$1,478,923	$-21,668
2024	$210,711	$282,471	$1,554,235	$-71,760
2023	$147,939	$292,983	$1,640,669	$-145,044
2022	$68,788	$146,039	$1,827,605	$-77,251
2021	$75,222	$124,384	$1,872,355	$-49,162
2020	$77,396	$135,077	$1,831,521	$-57,681
2020	$77,396	$143,374	$1,831,521	$-65,978
2019	$78,114	$141,886	$1,865,191	$-63,772
2018	$100,091	$141,108	$1,933,394	$-41,017