STEPPINGSTONE MUSEUM ASSOCIATION INC (EIN 237447724) - 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

1975

Legal Domicile

Principal Officer

ROBERT THRESHER

Phone

4109392299

Tax Period

2023-01-01 to 2023-12-31

STEPPINGSTONE MUSEUM ASSOCIATION INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $140K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 25% operating deficit.

Mission

STEPPINGSTONE FARM MUSEUM PRESERVES AND INTERPRETS THE RURAL HERITAGE OF HARFORD COUNTY.

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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 $85,578

Program Service Revenue $40,879

Investment Income $6,256

Other Revenue $7,241

TOTAL REVENUE $139,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,939

Fundraising Expenses $0

Program Expenses $153,175

Other Expenses $78,437

TOTAL EXPENSES $175,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$139,954	$368,425	-0.6%
Expenses	$175,376	$185,060	-0.1%
Net Income	$-35,422	$183,365	-1.2%

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
RON QUERNS	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROBERT THRESHER	TREASURER	N/A	Officer Director	$0	$0	$0
GAIL CONNOLLY	SECRETARY	N/A	Officer Director	$0	$0	$0
TERESA STOUT	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
KAREN WHITLOCK	DIRECTOR	N/A	Director	$0	$0	$0
MARK HERMAN	DIRECTOR	N/A	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	$139,954	$175,376	$500,790	$-35,422
2022	$368,425	$185,060	$528,220	$183,365
2021	$194,642	$200,758	$357,792	$-6,116
2020	$105,905	$164,448	$363,934	$-58,543
2019	$162,121	$157,669	$414,034	$4,452

STEPPINGSTONE MUSEUM ASSOCIATION INC