NATIONAL BLUES MUSEUM

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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

2010

Legal Domicile

Principal Officer

ROBERT J ENDICOTT

Phone

3149250016

Tax Period

2023-01-01 to 2023-12-31

NATIONAL BLUES MUSEUM, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE NATIONAL BLUES MUSEUM EXPLORES AND PRESERVES THE HISTORIC SIGNIFICANCE OF THE BLUES AS THE FOUNDATION OF AMERICAN MUSIC, CELEBRATES THE GENRE'S VARIOUS STYLES AND RECOGNIZES THE MUSICIANS WHO CREATED, SUSTAIN, AND CONTINUE TO ADVANCE THE ART FORM.TO ACHIEVE OUR MISSION, THE NATIONAL BLUES MUSEUM WILL;- PRESENT HISTORICAL AND MODERN-DAY INFORMATION ABOUT BLUES MUSIC;- EDUCATE THROUGH LIVE PERFORMANCES;- PROVIDE INTERACTIVE TECHNOLOGY;- SHOWCASE VARIOUS EXHIBITIONS;- INVOLVE DIVERSE COMMUNITIES THROUGH PROGRAMMING; AND- SERVE AS A FORUM FOR MUSIC EDUCATION AND THE BLUES LEGACY.

Program Service Accomplishments

Program 1

Expenses: $947,057 Revenue: $419,786

TO BUILD AND OPERATE A NATIONAL BLUES MUSEUM THAT EXPLORES THE BLUES AND CELEBRATE THE GENRE AS THE FOUNDATION OF ALL MODERN AMERICAN MUSIC. THE FACILITY OPENED IN APRIL 2016 AND EDUCATES GUESTS IN AN ENTERTAINING ENVIRONMENT THAT INCLUDES HIGH IMPACT TECHNOLOGY DRIVEN EXPERIENCES, A 120-SEAT THEATRE, ARTIFACT-DRIVEN EXHIBITS AND ROBUST PUBLIC PROGRAMMING. THE NATIONAL BLUES MUSEUM (NBM) WILL USE BLUES MUSIC TO ENHANCE LEARNING AND CREATIVE THINKING AS AN EDUCATIONAL BRIDGE TO AMERICAN MUSIC, HISTORY, SOCIAL STUDIES, GEOGRAPHY, SCIENCE, AND MATH.IMPLEMENTING A VARITY OF INNOVATIVE EDUCATIONAL STRATEGIES, NBM WILL OFFER DYNAMIC EDUCATIONAL PROGRAMS THAT WILL:- PROVIDE TEACHERS WITH RESOURCES THAT CONNECT STUDENTS TO AMERICA'S RICH MUSICAL HERITAGE.- LEAD THE MOVEMENT TO INCREASE MUSIC EDUCATION IN SCHOOLS AND COMMUNITIES WITH A FOCUS ON UNDERPRIVILEGED COMMUNITIES.- EXPLORE THE HISTORY AND SOCIOLOGY IN THE 20TH CENTURY THROUGH THE PRISM OF THE BLUES.- ADDRESS RACE, DIVERSITY AND CULTURE THROUGH THE BLUES.- HIGHLIGHT WORLDWIDE ARTISTIC CONTRIBUTIONS MADE BY AFRICAN-AMERICANS.

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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 $636,838

Program Service Revenue $252,580

Investment Income $0

Other Revenue $167,206

TOTAL REVENUE $1,056,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $521,398

Fundraising Expenses $0

Program Expenses $947,057

Other Expenses $785,056

TOTAL EXPENSES $1,306,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,056,624	$860,979	+0.2%
Expenses	$1,306,454	$1,358,281	0.0%
Net Income	$-249,830	$-497,302	-0.5%

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

$124,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J ENDICOTT	SECRETARY	3.00	Officer Director	$0	$0	$0
SCOTT MCCUAIG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEVON ALLMAN	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA MOORE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MARSH	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY CARTER	DIRECTOR	1.00	Director	$0	$0	$0
BERNARD HAYES	PRESIDENT/EXECUTIVE DIRECTOR	3.00	Officer Director	$0	$0	$0
ERIC GALES	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA HAMMERMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMOS HARRIS	TREASURER	3.00	Officer Director	$0	$0	$0
ROEL VESTJENS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
FRANK BABCOCK	DIRECTOR	1.00	Director	$0	$0	$0
MARC LOPATA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NELSON	EXECUTIVE DIRECTOR	40.00	Officer	$6,732	$0	$6,732
ERIN M SIMON	EXECUTIVE DIRECTOR	40.00	Officer	$117,525	$0	$117,525

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
2023	$1,056,624	$1,306,454	$202,705	$-249,830
2022	$860,979	$1,358,281	$403,705	$-497,302
2021	$804,940	$945,659	$331,359	$-140,719
2020	$355,586	$750,356	$165,714	$-394,770
2019	$758,756	$1,052,720	$167,596	$-293,964
2018	$936,718	$1,082,300	$281,728	$-145,582
2017	$895,190	$1,137,689	$170,283	$-242,499