MASSILLON 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

1933

Legal Domicile

Principal Officer

ALEXANDRA NICHOLIS COON

Phone

3308334061

Tax Period

2023-01-01 to 2023-12-31

MASSILLON MUSEUM, founded in 1933, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Net assets of $8.9M represent 62 months of operating reserves.

Mission

A CULTURAL HUB WHERE ART AND HISTORY COME TOGETHER.

Program Service Accomplishments

Program 1

Expenses: $1,103,091 Revenue: $52,818

IN AN EFFORT TO CONTINUE UPHOLDING BEST PRACTICES AND EXCEEDING COMMUNITY EXPECTATIONS OF WHAT THE MUSEUM CAN ACHIEVE, WE SPENT MOST OF 2023 COMPLETING OUR SELF STUDY FOR REACCREDITATION WITH THE...

IN AN EFFORT TO CONTINUE UPHOLDING BEST PRACTICES AND EXCEEDING COMMUNITY EXPECTATIONS OF WHAT THE MUSEUM CAN ACHIEVE, WE SPENT MOST OF 2023 COMPLETING OUR SELF STUDY FOR REACCREDITATION WITH THE AMERICAN ALLIANCE OF MUSEUMS, AND WERE AWARDED REACCREDITATION FOR THE NEXT 10 YEARS BY THE AAM IN JULY 2024. PART OF MAINTAINING OUR REACCREDITATION AND OUR PROMISE TO THE COMMUNITY THAT WE PROPERLY SAFEGUARD THE COLLECTIONS IN OUR CARE IS THAT WE MAINTAIN THE BUILDING, AND THAT ITS ENVIRONMENT BE CONDUCIVE TO LONG-TERM PRESERVATION OF THE COLLECTIONS. THEREFORE, COMPLETING THE FIRE SYSTEM UPGRADE, AND REPLACING TWO ROOFTOP HVAC UNITS (THAT WERE 35 YEARS OLD) WAS PARAMOUNT. STATE FUNDING HELPED OFFSET EXPENSES FOR BOTH THOSE PROJECTS, DOWN PAYMENTS FOR WHICH WERE MADE IN 2023.

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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 $1,676,292

Program Service Revenue $46,180

Investment Income $10,788

Other Revenue $6,638

TOTAL REVENUE $1,739,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $658,065

Fundraising Expenses $72,435

Program Expenses $1,103,091

Other Expenses $1,032,805

TOTAL EXPENSES $1,690,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,739,898	$1,382,596	+0.3%
Expenses	$1,690,870	$1,504,553	+0.1%
Net Income	$49,028	$-121,957	-1.4%

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

$94,640

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA POPE	TRUSTEE	0.50	Director	$0	$0	$0
PHILLIP ELUM	TREASURER	6.00	Officer Director	$0	$0	$0
MARGARET COCKLIN	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW BYLER	VICE CHAIRMAN	4.00	Officer Director	$0	$0	$0
ROBERT GARNER	CHAIRMAN	6.00	Officer Director	$0	$0	$0
MARTA HANSSON	TRUSTEE	0.50	Director	$0	$0	$0
BRAD RICHARDSON	TRUSTEE	0.50	Director	$0	$0	$0
DAVID W SCHULTZ	TRUSTEE	0.50	Director	$0	$0	$0
DAWN SPRIGGS	TRUSTEE	0.50	Director	$0	$0	$0
MAUDE SLAGLE	TRUSTEE	0.50	Director	$0	$0	$0
NASHEKA COMBS-LEMON	TRUSTEE	0.50	Director	$0	$0	$0
ALEXANDRA NICHOLIS COON	EXECUTIVE DIRECTOR	40.00	Officer	$74,736	$19,904	$94,640

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	$1,739,898	$1,690,870	$9,271,513	$49,028
2022	$1,382,596	$1,504,553	$8,861,429	$-121,957
2021	$2,432,966	$1,290,726	$9,088,281	$1,142,240
2020	$1,519,152	$1,237,921	$8,985,681	$281,231
2019	$1,533,070	$1,144,005	$8,973,591	$389,065
2018	$2,908,155	$1,031,347	$7,891,790	$1,876,808