HASTINGS MUSEUM FOUNDATION INC

EIN: 363412275 501(c)(3) Arts, Culture & Humanities

HASTINGS, NE

Total Revenue
$434,994
Total Expenses
$129,101
Total Assets
$1,126,293
Net Assets
$1,125,150
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NE
Principal Officer
DALE D MUSGRAVE
Phone
4024612399
Tax Period
2025-01-01 to 2025-12-31

HASTINGS MUSEUM FOUNDATION INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $435K in total revenue in fiscal year 2025. Revenue surged 195% from the prior year, signaling strong growth momentum. The organization ran a surplus of $306K, a strong 70% operating margin.

Mission

TO HELP ENSURE THE GROWTH AND VITALITY OF THE HASTINGS MUSEUM OF NATURAL AND CULTURAL HISTORY BY PROVIDING FINANCIAL SUPPORT TO THE MUSEUM'S EXHIBITS, EDUCATIONAL PROGRAMS, AND THE PHYSICAL NEEDS OF ITS BUILDING AND GROUNDS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $405,651
Program Service Revenue $0
Investment Income $25,899
Other Revenue $3,444
TOTAL REVENUE $434,994

Expense Breakdown

Grants Paid $1,481
Salaries & Benefits $81,450
Fundraising Expenses $94,001
Program Expenses $1,510
Other Expenses $25,170
TOTAL EXPENSES $129,101

Year-over-Year Comparison

2025 2024 Change
Revenue $434,994 $147,691 +1.9%
Expenses $129,101 $104,617 +0.2%
Net Income $305,893 $43,074 +6.1%
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

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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
10
Independent Members
10
Employees
1
Volunteers
10

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
11
$76,632
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT BAACK VICE PRESIDE N/A
Officer Director
$0 $0 $0
PETER HEDSTROM PRESIDENT N/A
Officer Director
$0 $0 $0
BETH KAVAN MEMBER N/A
Director
$0 $0 $0
TOM HASTINGS TREASURER N/A
Officer Director
$0 $0 $0
JULIE PARKER SECRETARY N/A
Officer Director
$0 $0 $0
BRUCE SANDAHL MEMBER N/A
Director
$0 $0 $0
LARRY KUEHN MEMBER N/A
Director
$0 $0 $0
BRENT GOLLNER MEMBER N/A
Director
$0 $0 $0
MARK BOGGESS PHD MEMBER N/A
Director
$0 $0 $0
SUSAN FERRONE MEMBER N/A
Director
$0 $0 $0
DALE D MUSGRAVE EXECUTIVE DI 40.00
Director
$62,418 $14,214 $76,632
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 $434,994 $129,101 $1,126,293 $305,893
2024 $147,691 $104,617 $820,744 $43,074
2023 $153,425 $180,118 $878,171 $-26,693
2022 $129,393 $109,258 $803,073 $20,135
2021 $143,539 $50,637 $782,854 $92,902
2020 $103,613 $25,171 $690,157 $78,442
2019 $81,192 $73,383 $611,397 $7,809
2018 $164,515 $174,147 $604,633 $-9,632
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