HENAGER FAMILY MUSEUM INC (EIN 352040572) - 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

1996

Legal Domicile

Principal Officer

JAMES HENAGER

Phone

8127952230

Tax Period

2023-01-01 to 2023-12-31

HENAGER FAMILY MUSEUM INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $464K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

MUSEUM OPERATIONS VETERAN RECOGNITION VETERAN FOODBANK

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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 $464,211

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $464,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $468,424

Other Expenses $468,424

TOTAL EXPENSES $468,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,219	$348,255	+0.3%
Expenses	$468,424	$415,447	+0.1%
Net Income	$-4,205	$-67,192	-0.9%

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

N/A

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
JIM DERR	330 W TENTH, MT CARMEL, IL	1.00	Director	$0	$0	$0
BRUCE BYERS	411 W STATE ST, PRINCETON IN	1.00	Director	$0	$0	$0
TOMMY MILLER	309 S FIRST SVE, BOONVILLE IN	1.00	Director	$0	$0	$0
TIM LASIUTA	136 DEMPSY ST RED DEER ALBERTA CANADA	1.00	Director	$0	$0	$0
JEFFREY KUMFER	120 S BUFFALO ST WARSAW, IN	1.00	Director	$0	$0	$0
ROBIN WEST	1914 CHICHASAW DR EVANSVILLE, IN	1.00	Director	$0	$0	$0
BRYCE HULLETT	908 S 107 W LOCUST BOONVILLE, IN	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	$464,219	$468,424	$32,603	$-4,205
2022	$348,255	$415,447	$36,808	$-67,192
2021	$153,608	$143,750	$104,000	$9,858
2020	$114,824	$151,373	$36,748	$-36,549
2019	$84,686	$83,119	$84,000	$1,567
2018	$114,492	$63,578	$96,440	$50,914

HENAGER FAMILY MUSEUM INC