MUSEUM OF FRIENDS

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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

2007

Legal Domicile

Principal Officer

C B BERGER

Phone

7197382858

Tax Period

2024-01-01 to 2024-12-31

MUSEUM OF FRIENDS, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $200K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Net assets of $926K represent 55 months of operating reserves.

Mission

THE MUSEUM OF FRIENDS (MOF), MISSION IS TO HONOR THE ARTISTS WHO HAVE FREELY GIVEN ART TO THE MUSEUM'S FOUNDERS, ESTABLISHING ITS COLLECTION. WE FOSTER OPEN INQUIRY TOWARD CULTURAL EDUCATION THROUGH EXHIBITIONS, PUBLIC AND EDUCATIONAL PROGRAMS, AND A PUBLIC ART REFERENCE LIBRARY, ALONGSIDE OUR PERMANENT COLLECTION. WE PLEDGE TO SERVE COLORADO AS A CULTURAL RESOURCE, CREATING OPPORTUNITIES FOR THE UNDERSERVED, UNDERREPRESENTED, AND UNDER- RESOURCED COMMUNITY OF HUERFANO COUNTY.

Program Service Accomplishments

Program 1

Expenses: $3,245 Revenue: $1,871

THE MUSEUM'S "SCHOOL TOUR PROGRAM" IS OFFERED TO LOCAL AND NEIGHBORING AREA SCHOOLS FOR CLASSES PRE-K THROUGH HIGH SCHOOL. THE PROGRAM IS PLANNED WITH TEACHERS WHO USE THE MUSEUM'S COLLECTIONS FOR...

THE MUSEUM'S "SCHOOL TOUR PROGRAM" IS OFFERED TO LOCAL AND NEIGHBORING AREA SCHOOLS FOR CLASSES PRE-K THROUGH HIGH SCHOOL. THE PROGRAM IS PLANNED WITH TEACHERS WHO USE THE MUSEUM'S COLLECTIONS FOR CURRICULUM PLANNING GOALS. THE TOUR IS FOLLOWED BY EITHER AN ART, WRITING OR PHYSICAL SELF-EXPRESSION ACTIVITY. THE PROGRAM OFFERS IN-DEPTH LEARNING OF EITHER A STEAM OR SOCIAL AND EMOTIONAL LEARNING FOR PRE-K THROUGH 12; ADULT AND OLDER ADULT PUBLIC PROGRAMS. IN 2024 A TOTAL OF 360 CHILDREN PARTICIPATED IN THE SCHOOL-TOUR PROGRAM AND THE FRIDAY ART LAB.

Program 2

Expenses: $193,626

EXHIBITIONS AND PUBLIC PROGRAMS 2024 THE NUMBER OF ADULT VISITORS FOR CHANGING EXHIBITIONS GUIDED AND SELF-GUIDED TOURS NUMBERED APPROXIMATELY 2936. THE CURRENT PROGRAMS ARE: THE PERMANENT COLLECTION OF CONTEMPORARY ART WITH 4000 WORKS - PAINTINGS, PRINTS, SCULPTURES PHOTOGRAPHS ON THE 2ND FLOOR AND NOW ACCESSIBLE WITH AN ELEVATOR; CHANGING EXHIBITIONS ON THE GROUND AND 2ND FLOOR; THE CURRENT PROGRAM FOR ADULTS WORKING ON THEIR SOBRIETY "CREATIVE VISUALIZATION, MEDITATION AND ART" IS SUPPORTED BY THE 3RD JUDICIAL DISTRICT DRUG COURT.

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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 $190,641

Program Service Revenue $1,871

Investment Income $4,694

Other Revenue $3,247

TOTAL REVENUE $200,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,575

Fundraising Expenses $2,500

Program Expenses $196,871

Other Expenses $149,126

TOTAL EXPENSES $210,701

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,453	$387,596	-0.5%
Expenses	$210,701	$197,183	+0.1%
Net Income	$-10,248	$190,413	-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

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
C B BERGER	PRESIDENT/TR	40.00	Officer Director	$0	$0	$0
MONICA BIRRER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JAZZ K BERGER	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH BERGER-HABERMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD FARLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
B HABERMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE MARTINEZ-GRILLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN MCCUTCHAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALYS ROMER	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF SHAW	BOARD CHAIR	1.00	Director	$0	$0	$0
HEIDI EVERSLEY	EDUCATION CH	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	$200,453	$210,701	$1,160,736	$-10,248
2023	$387,596	$197,183	$1,171,276	$190,413
2022	$266,770	$197,288	$982,748	$69,482
2021	$240,796	$230,434	$915,317	$10,362
2020	$289,100	$159,322	$902,595	$129,778
2019	$507,827	$143,592	$772,363	$364,235
2018	$193,118	$138,045	$787,031	$55,073