PORTLAND 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

1975

Legal Domicile

Principal Officer

WESTLEY VANCE

Phone

5027767678

Tax Period

2024-07-01 to 2025-06-30

PORTLAND MUSEUM INC, founded in 1975, is a small nonprofit that reported $828K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $445K, a strong 54% operating margin.

Mission

PORTLAND MUSEUM IS AN INNOVATIVE AND COMPELLING NEIGHBORHOOD MUSEUM. THE MUSEUM BOLDLY WEAVES EXHIBITIONS, PERFORMANCES, COLLECTIONS, AND EDUCATIONAL PROGRAMS TO EXCITE, CHALLENGE AND ILLUMINATE OUR NEIGHBORS, VISITORS, AND PARTICIPANTS WHILE PROVIDING INSIGHT INTO OUR ART, HISTORY, CULTURE, AND HERITAGE.

Program Service Accomplishments

Program 1

Expenses: $173,035 Revenue: $9,870

LEGACY MUSEUM PROGRAMING: THE PORTLAND MUSEUM CELEBRATES THE HISTORY AND CULTURE OF PORTLAND, KY, THROUGH PUBLIC PROGRAMMING, ART, EXHIBITIONS, COLLECTIONS, RESEARCH, PUBLICATIONS, AND THE HENRIETTA HELM LEGACY ENDOWMENT THAT SUPPORTS U OF L'S LOUISVILLE TEACHER RESIDENCY PROGRAM. PROGRAMS INCLUDE VARIOUS NEIGHBORHOOD EVENTS AND FORUMS PROMOTING EDUCATION AND COMMUNITY. ART AND HISTORY EXHIBITS ROTATE, BRINGING WITH THEM RELEVANT EVENTS AND EDUCATION PROGRAMS. COLLECTION MANAGEMENT IS THE CARE AND STORAGE OF THE COLLECTIONS, CATALOGING AND STORING MATERIALS, AND ASSOCIATED OVERHEAD. RESEARCH AND PUBLICATIONS INCLUDE ON-SITE LETTER-PRESSED MATERIALS BASED ON OUR ACHIEVE AND NEIGHBORHOOD'S ART, CULTURE, AND HISTORY.

Program 2

Expenses: $20,753

AHOY MUSEUM CAPITAL CAMPAIGN PROGRAMMING AND MISSION: CAPITAL CAMPAIGN FOR LOUISVILLE'S FIRST CHILDREN'S MUSEUM CALLED AHOY (ADVENTURE HOUSE OF YOU) ADDRESSES PRESSING REGIONAL CHALLENGES BY...

AHOY MUSEUM CAPITAL CAMPAIGN PROGRAMMING AND MISSION: CAPITAL CAMPAIGN FOR LOUISVILLE'S FIRST CHILDREN'S MUSEUM CALLED AHOY (ADVENTURE HOUSE OF YOU) ADDRESSES PRESSING REGIONAL CHALLENGES BY IMPROVING QUALITY FOR LIFE, EXPANDING ECONOMIC OPPORTUNITIES, AND FOSTERING CHILDREN'S IMAGINATIONS THROUGH IMMERSIVE EXHIBITS, EDUCATION PROGRAMS AND ARTIST RESIDENCIES. THIS INITIATIVE CONTRIBUTES TO INNER-CITY REVITALIZATION AND ESTIMATES GROWTH WITH A BOLDLY INCLUSIVE VISION.

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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 $692,721

Program Service Revenue $0

Investment Income $100,749

Other Revenue $34,833

TOTAL REVENUE $828,303

Expense Breakdown

Grants Paid $210

Salaries & Benefits $169,014

Fundraising Expenses $50,264

Program Expenses $193,788

Other Expenses $213,741

TOTAL EXPENSES $382,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$828,303	$576,208	+0.4%
Expenses	$382,965	$440,638	-0.1%
Net Income	$445,338	$135,570	+2.3%

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

$119,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON CAYOT	TRUSTEE	2.00	Director	$0	$0	$0
CAROLINE PHILLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
WESTLEY VANCE	TREASURER	5.00	Officer Director	$0	$0	$0
MICHAEL JANOK	TRUSTEE	1.00	Director	$0	$0	$0
MARIA MCGARY	TRUSTEE	5.00	Director	$0	$0	$0
STAN SQUIREWELL	EMERITUS TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY CUMMINS	TRUSTEE	1.00	Director	$0	$0	$0
ED WHITE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTA IWU	TRUSTEE	1.00	Director	$0	$0	$0
JIMMY SOTO	TRUSTEE	1.00	Director	$0	$0	$0
KACIE CHASE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LACIE EUBANK	EMERITUS TRUSTEE	1.00	Director	$0	$0	$0
TAD MYRE	TRUSTEE	1.00	Director	$0	$0	$0
KELLY HYBERGER	TRUSTEE	1.00	Director	$0	$0	$0
KATY DELAHANTY	CO-EXECUTIVE DIRECTOR	40.00	Officer	$56,450	$6,315	$62,765
DANNY SEIM	CO-EXECUTIVE DIRECTOR	40.00	Officer	$56,785	$0	$56,785

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	$828,303	$382,965	$3,710,428	$445,338
2024	$576,208	$440,638	$3,276,705	$135,570
2023	$1,817,240	$337,038	$3,136,929	$1,480,202
2022	$242,798	$298,285	$1,668,641	$-55,487
2021	$309,028	$336,448	$1,725,353	$-27,420
2020	$283,686	$256,550	$1,765,977	$27,136
2019	$227,980	$198,648	$1,802,257	$29,332
2018	$237,164	$345,986	$1,799,456	$-108,822