Coolspring Power Museum (EIN 251496079) - 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

1985

Legal Domicile

Principal Officer

Michael Murphy

Phone

9377264348

Tax Period

2024-01-01 to 2024-12-31

Coolspring Power Museum, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $388K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 60% operating margin.

Mission

TO COLLECT, PRESERVE AND INTERPRET HISTORICALLY SIGNIFICANT MECHANICALLY INTERESTING EARLY STATIONARY INTERNAL COMBUSTION ENGINES FOR THE EDUCATION AND ENJOYMENT OF EVERYONE

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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 $266,534

Program Service Revenue $93,596

Investment Income $14,247

Other Revenue $13,540

TOTAL REVENUE $387,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,770

Program Expenses $129,680

Other Expenses $155,710

TOTAL EXPENSES $155,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$387,917	$263,600	+0.5%
Expenses	$155,710	$154,160	+0.0%
Net Income	$232,207	$109,440	+1.1%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Stewart McKinley	Director	Director	$0	$0	$0
Clark Colby	Director	Director	$0	$0	$0
Kevin Kusel	Director	Director	$0	$0	$0
Nick Scotese	Director	Director	$0	$0	$0
John Hanley	Director	Director	$0	$0	$0
Glen Anthony	Director	Director	$0	$0	$0
Chris Austin	Director	Director	$0	$0	$0
Ben Steffy	Director	Director	$0	$0	$0
Reid Wellman	Director	Director	$0	$0	$0
Tommy Turner	Director	Director	$0	$0	$0
Gail Lavender	Secretary	Officer	$0	$0	$0
Paul Harvey	Vice President	Officer	$0	$0	$0
Norm Shade	Treasurer	Officer	$0	$0	$0
Mike Murphy	President	Officer	$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	$387,917	$155,710	$1,645,079	$232,207
2023	$263,600	$154,160	$1,402,754	$109,440
2022	$245,787	$152,499	$1,282,357	$93,288
2021	$360,381	$134,749	$1,188,996	$225,632
2020	$48,981	$113,739	$963,246	$-64,758
2019	$155,207	$118,019	$1,027,876	$37,188
2018	$147,030	$165,130	$990,466	$-18,100

Coolspring Power Museum