PUTNAM COUNTY MUSEUM INC

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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

2002

Legal Domicile

Principal Officer

CURT KROMINAKER

Phone

7656538419

Tax Period

2024-01-01 to 2024-12-31

PUTNAM COUNTY MUSEUM INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $302K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $59K, a strong 20% operating margin.

Mission

PRESERVATION OF THE HISTORY AND ARTIFACTS OF PUTNAM COUNTY INDIANA.

Program Service Accomplishments

Program 1

Expenses: $242,486 Revenue: $301,639

TO COLLECT, PRESERVE AND INTERPRET THE NATURAL, HISTORICAL AND CULTURAL HERITAGE OF OUR COUNTY THROUGH EDUCATION EXHIBITS AND PROGRAMS.

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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 $232,207

Program Service Revenue $0

Investment Income $10,494

Other Revenue $58,938

TOTAL REVENUE $301,639

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,226

Fundraising Expenses $0

Program Expenses $242,486

Other Expenses $133,260

TOTAL EXPENSES $242,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$301,639	$273,658	+0.1%
Expenses	$242,486	$263,587	-0.1%
Net Income	$59,153	$10,071	+4.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mary Zerkel	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
Randall Jones	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
Vicki Timm	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
GWEN MORRIS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
John Zeiner	Board Member	1.00	Officer 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	$301,639	$242,486	$1,005,703	$59,153
2023	$273,658	$263,587	$969,741	$10,071
2022	$286,466	$269,687	$978,484	$16,779
2021	$251,583	$244,005	$927,402	$7,578
2020	$237,667	$218,482	$936,142	$19,185
2019	$192,805	$175,526	$789,305	$17,279
2018	$176,413	$181,903	$786,902	$-5,490