MUSEUM OF PRAIRIEFIRE FOUNDATION

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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

2008

Legal Domicile

Principal Officer

FRED L MERRILL JR

Phone

9133333500

Tax Period

2023-01-01 to 2023-12-31

MUSEUM OF PRAIRIEFIRE FOUNDATION, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $927K in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 90% operating deficit.

Mission

THE MUSEUM AT PRAIRIEFIRE IS COMMITTED TO INNOVATIVE LEARNING IN SCIENCE, THE ARTS, AND NATURAL HISTORY. (CONTINUED ON SCHEDULE O)THROUGH A FOUNDING COLLABORATION WITH THE AMERICAN MUSEUM OF NATURAL HISTORY IN NEW YORK CITY, AS WELL AS WITH OTHER CULTURAL AND EDUCATIONAL INSTITUTIONS IN THE NATION, THE MUSEUM AT PRAIRIEFIRE IS A PLACE THAT PROVIDES ACCESS FOR ALL TO UNDERSTAND AND CELEBRATE NATURAL HISTORY, THE ARTS, AND SCIENCE IN OUR REGION AND AROUND THE WORLD. THE MUSEUM ENGAGES VISITORS AND STUDENTS OF ALL AGES WITH WORLD-CLASS EXHIBITIONS, IMPORTANT PROGRAMMING, AND SIGNIFICANT EDUCATIONAL AND STEAM OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,553,631 Revenue: $541,047

THE MUSEUM AT PRAIRIEFIRE IS COMMITTED TO INNOVATIVE LEARNING IN SCIENCE, THE ARTS, AND NATURAL HISTORY. THE MUSEUM ENGAGES VISITORS AND STUDENTS OF ALL AGES WITH WORLD-CLASS EXHIBITIONS, IMPORTANT PROGRAMMING, AND SIGNIFICANT EDUCATIONAL AND STEAM OPPORTUNITIES. INDIVIDUAL TOURS, SCHOOL FIELD TRIPS, AND SHOPPING CENTER PATRONS CAN EXPERIENCE THE LOCALLY DEVELOPED EXHIBITS AND HAVE INCREASED TICKET SALES OVER PRIOR YEARS.

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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 $341,470

Program Service Revenue $538,825

Investment Income $44

Other Revenue $46,959

TOTAL REVENUE $927,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $580,488

Fundraising Expenses $15,716

Program Expenses $1,553,631

Other Expenses $1,181,401

TOTAL EXPENSES $1,761,889

Year-over-Year Comparison

	2023	2022	Change
Revenue	$927,298	$948,565	0.0%
Expenses	$1,761,889	$1,637,776	+0.1%
Net Income	$-834,591	$-689,211	+0.2%

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

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

$131,673

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED MERRILL JR	CHAIRMAN	10.00	Officer Director	$0	$0	$0
ANAB ABDULAHI	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL ENGEL	DIRECTOR	1.00	Director	$0	$0	$0
J FRANK EMERT	DIRECTOR	1.00	Director	$0	$0	$0
BRETT GORDON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT K MARTINSEN	DIRECTOR	1.00	Director	$0	$0	$0
DELANA MEYER	DIRECTOR	1.00	Director	$0	$0	$0
JOE PLATT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TROESTER	DIRECTOR	1.00	Director	$0	$0	$0
TERRI THOMPSON	EXECUTIVE DIRECTOR	40.00	Officer	$106,067	$25,606	$131,673

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	$927,298	$1,761,889	$19,530,938	$-834,591
2022	$948,565	$1,637,776	$20,262,206	$-689,211
2021	$1,239,389	$1,475,543	$21,085,605	$-236,154
2020	$511,238	$1,512,761	$21,439,799	$-1,001,523
2019	$2,058,022	$1,856,016	$21,969,540	$202,006
2018	$2,130,401	$2,238,492	$22,898,280	$-108,091