MILAN HISTORICAL MUSEUM INC (EIN 346539143) - 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

1955

Legal Domicile

Principal Officer

ANN BASILONE-JONES

Phone

4194992968

Tax Period

2024-01-01 to 2024-12-31

MILAN HISTORICAL MUSEUM INC, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $158K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $313K exceeded revenue, resulting in a 98% operating deficit.

Mission

TO DEMONSTRATE THROUGH MUSEUM BUILDINGS AND COLLECTIONS HOW THE PAST SHAPED THE PRESENT; TO ESTABLISH A PRESENCE IN THE COMMUNITY BY PROVIDING EDUCATIONAL PROGRAMS AND SERVICES FOSTERING THE UNIQUENESS OF MILAN VILLAGE AND ITS ARCHITECTURE; TO COLLABORATE WITH REGIONAL MUSEUMS TO PROMOTE HISTORICAL AWARENESS, PRESERVATION AND RESEARCH.

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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 $57,052

Program Service Revenue $3,917

Investment Income $96,319

Other Revenue $809

TOTAL REVENUE $158,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,144

Fundraising Expenses $3,813

Program Expenses $263,880

Other Expenses $152,894

TOTAL EXPENSES $313,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,097	$126,967	+0.2%
Expenses	$313,278	$262,811	+0.2%
Net Income	$-155,181	$-135,844	+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

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

$71,428

Total Directors

$71,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY TROUT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL KIMAID	PRESIDENT	1.00	Officer Director	$0	$0	$0
CANDY DRAEGER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK MILLER	TRUSTEE	1.00	Director	$0	$0	$0
SPARKY WEILNAU	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN BASILONE-JONES	EXECUTIVE DRECTOR	40.00	Officer Director	$71,428	$0	$71,428
NICHOLAS FREDERICK	TRUSTEE	1.00	Director	$0	$0	$0
ANGIE GEORGE	TRUSTEE	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	$158,097	$313,278	$5,503,980	$-155,181
2023	$126,967	$262,811	$5,549,277	$-135,844
2022	$186,468	$216,425	$5,491,652	$-29,957
2021	$155,746	$209,050	$6,012,045	$-53,304
2020	$136,583	$213,004	$5,870,336	$-76,421
2019	$266,373	$270,918	$5,770,527	$-4,545
2018	$229,841	$285,826	$5,496,783	$-55,985

MILAN HISTORICAL MUSEUM INC