12TH ARMORED DIVISION MEMORIAL MUSEUM FOUNDATION INC (EIN 311681387) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

PAUL KNUTSON

Phone

3256776515

Tax Period

2023-01-01 to 2023-12-31

12TH ARMORED DIVISION MEMORIAL MUSEUM FOUNDATION INC, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $237K exceeded revenue, resulting in a 16% operating deficit.

Mission

A MEMORIAL TO HONOR THE MEN OF THE 12TH ARMORED DIVISION AS A TEACHING AND RESEARCH MUSEUM, UTILIZING THEIR HISTORICAL COLLECTION TO EDUCATE THE PUBLIC ABOUT WWII AND ITS IMPACT ON SOCIETY, CAMP BARKELEY, AND ABILENE, TX.

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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 $186,026

Program Service Revenue $11,484

Investment Income $0

Other Revenue $7,127

TOTAL REVENUE $204,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,611

Fundraising Expenses $395

Program Expenses $236,663

Other Expenses $158,447

TOTAL EXPENSES $237,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,637	$228,578	-0.1%
Expenses	$237,058	$288,244	-0.2%
Net Income	$-32,421	$-59,666	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RIVETTE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BOOS	DIRECTOR	1.00	Director	$0	$0	$0
NORM BRUNEAU	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DALE CARTEE	DIRECTOR	20.00	Director	$0	$0	$0
TED GLOGOVAC	DIRECTOR	1.00	Director	$0	$0	$0
CORBAN HEINIS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KNUTSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
LORANELLE LOCKYEAR	SECRETARY	1.00	Officer Director	$0	$0	$0
GEORGE RICH JR	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHERER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX WAKAL	DIRECTOR	1.00	Director	$0	$0	$0
JULIANNE HATT MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
BILL HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
CLAY CARABAJAL	DIRECTOR	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	No data	No data	No data	No data
2023	$204,637	$237,058	$295,399	$-32,421
2022	$228,578	$288,244	$327,820	$-59,666
2021	$163,340	$195,422	$387,486	$-32,082
2020	$170,194	$226,879	$390,520	$-56,685
2019	$163,156	$140,375	$583,071	$22,781

12TH ARMORED DIVISION MEMORIAL MUSEUM FOUNDATION INC