EDISON BIRTHPLACE ASSOCIATION (EIN 221528860) - Form 990 Financial Analysis & Trantor Score

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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

1950

Legal Domicile

Principal Officer

ROBERT WHEELER

Phone

4194992135

Tax Period

2023-12-01 to 2024-11-30

EDISON BIRTHPLACE ASSOCIATION, founded in 1950, is a small nonprofit that reported $245K in total revenue in fiscal year 2023. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 52% operating margin.

Mission

TO ACCEPT AND HOLD TITLE TO THE BIRTHPLACE OF THOMAS ALVA EDISON AND TO HISTORICALLY RESTORE, IMPROVE, BEAUTIFY AND PERMANENTLY MAINTAIN THE HOME OF THE GREAT INVENTOR AS A PUBLIC MUSEUM. IT IS OUR GOAL TO PRESERVE AND PERPETUATE THE MEMORY OF THOMAS A. EDISON AND EVIDENCE THE PHILOSOPHY, IDEALS AND MOTIVATING SENTIMENTS, WHICH CONSTRAINED HIM TO DEVOTE HIS ENTIRE LIFE TO THE WELL-BEING, COMFORT, SOLACE AND HAPPINESS OF MANKIND. WE CONSIDER EDISON A FITTING "INSPIRATION TO YOUTH AND ROLE MODEL FOR OUR YOUNG PEOPLE. HE ONCE SAID, "THE GREATEST INVENTION IS THE MIND OF A CHILD

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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 $186,421

Program Service Revenue $26,539

Investment Income $23,849

Other Revenue $8,592

TOTAL REVENUE $245,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,360

Fundraising Expenses $0

Program Expenses $89,929

Other Expenses $68,468

TOTAL EXPENSES $118,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$245,401	$116,597	+1.1%
Expenses	$118,828	$96,247	+0.2%
Net Income	$126,573	$20,350	+5.2%

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 KL WHEELER	PRESIDENT	4.00	Officer Director	$0	$0	$0
HEYWOOD SLOANE	TREASURER	2.00	Officer Director	$0	$0	$0
LIZABETH SLOAN	TRUSTEE	1.00	Director	$0	$0	$0
BARRY SLOANE	TRUSTEE	1.00	Director	$0	$0	$0
DAVID E SLOANE	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN CULBERTSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN BLAKEMAN	TRUSTEE	1.00	Director	$0	$0	$0
RON CULL	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA BERCKMUELLER	TRUSTEE	2.00	Director	$0	$0	$0
BEN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
BRITTANY VONKAMP	TRUSTEE	1.00	Director	$0	$0	$0
PAUL ISRAEL	TRUSTEE	1.00	Director	$0	$0	$0
ALEX WHEELER	SECRETARY	1.00	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	$245,401	$118,828	$1,631,540	$126,573
2023	$116,597	$96,247	$1,342,834	$20,350
2022	$126,020	$104,067	$1,428,607	$21,953
2021	$123,799	$71,738	$1,516,548	$52,061
2020	$120,973	$58,625	$1,395,621	$62,348
2019	$173,559	$117,844	$1,316,211	$55,715
2018	$99,073	$101,587	$1,274,898	$-2,514

EDISON BIRTHPLACE ASSOCIATION