THE HARMON 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

1944

Legal Domicile

Principal Officer

TODD YOHEY

Phone

5139321817

Tax Period

2024-01-01 to 2024-12-31

THE HARMON MUSEUM, founded in 1944, is a small nonprofit in the Arts, Culture & Humanities sector that reported $652K in total revenue in fiscal year 2024. Revenue surged 118% from the prior year, signaling strong growth momentum. The organization ran a surplus of $242K, a strong 37% operating margin.

Mission

TO PRESERVE AND PRESENT THE HISTORY OF WARREN COUNTY AND SOUTHWEST OHIO.

Program Service Accomplishments

Program 1

Expenses: $307,833 Revenue: $47,180

MUSEUM EXHIBITS, LIBRARY AND GENEALOGICAL INFORMATION UPKEEP, MAINTENANCE AND RESTORATION. COSTS ALSO INCLUDE MUSEUM OCCUPANCY EXPENSES, SUPPLIES, INSURANCEAND OTHER OPERATIONAL EXPENSES. REVENUES...

MUSEUM EXHIBITS, LIBRARY AND GENEALOGICAL INFORMATION UPKEEP, MAINTENANCE AND RESTORATION. COSTS ALSO INCLUDE MUSEUM OCCUPANCY EXPENSES, SUPPLIES, INSURANCEAND OTHER OPERATIONAL EXPENSES. REVENUES INCLUDE ADMISSIONS, TOURS, CAMPS, RE-ENACTMENTS AND EDUCATIONAL PROGRAMS.ARTS AND CRAFTS SHOW FEATURING LOCAL ARTISANSLUNCH AND LEARN - SHORT EDUCATIONAL SEMINARS WITH LUNCH PROVIDED

Program 2

Expenses: $11,801 Revenue: $12,798

COMPLETED REMODELING OF THE ARMSTRONG CONFERENCE CENTER AND BEGAN RENTING OUT EVENTS VENUE.

Program 3

Expenses: $4,116 Revenue: $6,950

HELD THE FIRST LEBANON ARTS FESTIVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $129,447

Program Service Revenue $49,845

Investment Income $426,312

Other Revenue $46,276

TOTAL REVENUE $651,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,005

Fundraising Expenses $431

Program Expenses $323,750

Other Expenses $273,200

TOTAL EXPENSES $410,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$651,880	$299,630	+1.2%
Expenses	$410,205	$425,385	0.0%
Net Income	$241,675	$-125,755	-2.9%

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

$43,611

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL ROSE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SARA STEGEMOLLER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZ MORRIS	SECRETARY	8.00	Officer Director	$0	$0	$0
MICHAEL GIANNOTTA	TREASURER	4.00	Officer Director	$0	$0	$0
PATRICK ALLEN	TRUSTEE	1.00	Director	$0	$0	$0
DON DORSCH	TRUSTEE	1.00	Director	$0	$0	$0
MIKE FAULKNER	TRUSTEE	1.00	Director	$0	$0	$0
MARY KAUFMAN	TRUSTEE	1.00	Director	$0	$0	$0
BRAD KNAPP	TRUSTEE	1.00	Director	$0	$0	$0
LISA KOCH	TRUSTEE	1.00	Director	$0	$0	$0
DENNY MEANS	TRUSTEE	1.00	Director	$0	$0	$0
JIM NORRIS	TRUSTEE	1.00	Director	$0	$0	$0
HOPE SCHNEIDER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTA WYATT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL COYAN	EXECUTIVE DIRECTOR - NON V	40.00	Director	$43,611	$0	$43,611

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	$651,880	$410,205	$2,483,546	$241,675
2023	$299,630	$425,385	$2,614,537	$-125,755
2022	$292,122	$413,132	$2,748,598	$-121,010
2021	$373,636	$409,283	$2,966,461	$-35,647
2020	$383,982	$370,384	$2,967,843	$13,598
2018	$531,788	$398,660	$2,813,173	$133,128