STERLING PARK DISTRICT MUSEUM ASSOCIATION

EIN: 363117553 501(c)(3)

STERLING, IL

Total Revenue
$431,769
Total Expenses
$276,630
Total Assets
$2,032,662
Net Assets
$2,032,662
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
Principal Officer
LARRY SCHULDT
Phone
8156226200
Tax Period
2024-05-01 to 2025-04-30

STERLING PARK DISTRICT MUSEUM ASSOCIATION, founded in 1980, is a small nonprofit that reported $432K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $155K, a strong 36% operating margin.

Mission

TO PROVIDE THE RESIDENTS OF THE STERLING PARK DISTRICT WITH A MUSEUM OF HISTORICAL ITEMS OF VALUE TO THE COMMUNITY AND SURROUNDING AREA

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $402,450
Program Service Revenue $0
Investment Income $29,319
Other Revenue $0
TOTAL REVENUE $431,769

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $260,783
Other Expenses $276,630
TOTAL EXPENSES $276,630

Year-over-Year Comparison

2024 2023 Change
Revenue $431,769 $463,443 -0.1%
Expenses $276,630 $214,380 +0.3%
Net Income $155,139 $249,063 -0.4%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID STUTZKE President 5.00
Officer
$0 $0 $0
PETER DILLON Vice President 5.00
Officer
$0 $0 $0
LARRY SCHULDT Secretary 5.00
Officer
$0 $0 $0
JOHN DILLON Director 5.00
Officer
$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
2025 $431,769 $276,630 $2,032,662 $155,139
2024 $463,443 $214,380 $1,795,348 $249,063
2023 $247,169 $261,408 $1,509,216 $-14,239
2022 $331,398 $266,993 $1,523,455 $64,405
2021 $194,575 $110,076 $1,459,050 $84,499
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