WAKEFIELD MUSEUM ASSOCIATION INC (EIN 237331118) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1974

Legal Domicile

Principal Officer

JOY SHANDY

Phone

7854615516

Tax Period

2024-01-01 to 2024-12-31

WAKEFIELD MUSEUM ASSOCIATION INC, founded in 1974, is a micro nonprofit that reported $70K in total revenue in fiscal year 2024. The organization ran a surplus of $11K, a strong 15% operating margin.

Mission

OPERATION OF THE WAKEFIELD MUSEUM

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $46,120

Program Service Revenue $1,255

Investment Income $7,946

Other Revenue $14,444

TOTAL REVENUE $69,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,061

Fundraising Expenses $188

Program Expenses $58,772

Other Expenses $57,899

TOTAL EXPENSES $58,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,765	$71,422	0.0%
Expenses	$58,960	$33,377	+0.8%
Net Income	$10,805	$38,045	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY SHANDY	PRESIDENT	9.00	Officer Director	$0	$0	$0
MARILYN SHERBERT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATHY YARROW	SECRETARY	9.00	Officer Director	$0	$0	$0
KATHY TREMONT	TREASURER	1.00	Officer Director	$0	$0	$0
JIM LEATHERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE LEATHERMAN	BOARD MEMBER	1.00	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	$69,765	$58,960	$855,993	$10,805
2023	$71,422	$33,377	$636,496	$38,045
2022	$76,242	$39,830	$598,461	$36,412
2021	$73,250	$30,404	$561,995	$42,846
2020	$70,230	$26,718	$519,149	$43,512

WAKEFIELD MUSEUM ASSOCIATION INC