QUILT HERITAGE MUSEUM INC

EIN: 270635380 501(c)(3) Arts, Culture & Humanities

BLACKFOOT, ID

Total Revenue
$1,491
Total Expenses
$2,296
Total Assets
$34,855
Net Assets
$34,855
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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
2009
Principal Officer
JOYCE SHOEMAKER
Phone
2087855936
Tax Period
2024-01-01 to 2024-12-31

QUILT HERITAGE MUSEUM INC, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $1K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO PRESERVE QUILTS AND EDUCATE PEOPLE ABOUT THIS HERITAGE ART FORM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,491
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $891
Program Expenses $1,405
Other Expenses $2,296
TOTAL EXPENSES $2,296

Year-over-Year Comparison

2024 2023 Change
Revenue $1,491 $1,757 -0.2%
Expenses $2,296 $3,671 -0.4%
Net Income $-805 $-1,914 -0.6%
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

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Governance

Voting Members
2
Independent Members
2
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA CARY TREASURER N/A
Officer
$0 $0 $0
STEVE SCHMID VICE PRES N/A
Officer
$0 $0 $0
JOYCE SHOEMAKER DIRECTOR N/A
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 $1,491 $2,296 $34,855 $-805
2023 $1,757 $3,671 $34,774 $-1,914
2022 $16,097 $1,644 $33,786 $14,453
2021 $5,224 $4,450 $19,333 $774
2020 $1,424 $2,615 $18,559 $-1,191
2019 $19,842 $14,107 $19,750 $5,735
2018 $7,624 $11,768 $14,015 $-4,144
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