LOVELAND HISTORICAL 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

1996

Legal Domicile

Tax Period

2023-03-01 to 2024-02-29

LOVELAND HISTORICAL MUSEUM, founded in 1996, is a micro nonprofit in the Education sector that reported $79K in total revenue in fiscal year 2023. Expenses of $90K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE AND EDUCATE THE CITY OF LOVELAND COMMUNITY AND SCHOOLS TO THE HISTORICAL SIGNIFICANCE OF LOVELAND

Program Service Accomplishments

Program 1

Expenses: $60,660

TO PROVIDE VARIOUS EVENTS DESIGNED TO EDUCATE THE GENERAL PUBLICABOUT THE HISTORICAL SIGNIFICANCE OF LOVELAND

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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 $24,074

Program Service Revenue $6,918

Investment Income $39,110

Other Revenue $9,100

TOTAL REVENUE $79,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,033

Fundraising Expenses $0

Program Expenses $60,660

Other Expenses $62,778

TOTAL EXPENSES $89,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,202	$81,285	0.0%
Expenses	$89,811	$90,660	0.0%
Net Income	$-10,609	$-9,375	+0.1%

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
KATHRYN LORENZ	RECORDING SECRETARY	3.00	Officer	$0	$0	$0
MIKE MCNALLY	TREASURER	7.00	Officer	$0	$0	$0
MARK KRUM	CORRESPONDING SECRETARY	3.00	Officer	$0	$0	$0
JIM GRETHEL	PRESIDENT	2.00	Officer	$0	$0	$0
KEN DAVIS	VICE PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$79,202	$89,811	$3,748,353	$-10,609
2023	$81,285	$90,660	$3,619,987	$-9,375
2022	$32,658	$85,771	$3,749,329	$-53,113
2021	$46,299	$61,008	$3,710,652	$-14,709
2020	$29,603	$79,667	$3,521,266	$-50,064