Schaaf Truck and Tractor Museum

EIN: 364122475 501(c)(3) Arts, Culture & Humanities

Frankfort, IL

Total Revenue
$365,642
Total Expenses
$21,613
Total Assets
$1,782,731
Net Assets
$1,782,731
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
George Schaaf
Phone
7085981600
Tax Period
2018-01-01 to 2018-12-31

Schaaf Truck and Tractor Museum, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $366K in total revenue in fiscal year 2018. Revenue surged 45153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $344K, a strong 94% operating margin.

Mission

To support the ministry of Barnabas Foundation through generating financial support and providing an opportunity for the general public to learn about God's world through the activities of the museum, and to maintain, restore, accumulate, preserve and display antique trucks, tractors and equipment for the education of the general public.

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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 (2018)

Revenue Breakdown

Contributions & Grants $318,128
Program Service Revenue $0
Investment Income $14
Other Revenue $47,500
TOTAL REVENUE $365,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,548
Other Expenses $21,613
TOTAL EXPENSES $21,613

Year-over-Year Comparison

2018 2017 Change
Revenue $365,642 $808 +451.5%
Expenses $21,613 $12,748 +0.7%
Net Income $344,029 $-11,940 -29.8%
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
5
Independent Members
3
Employees
N/A
Volunteers
7

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
$150,924
Total Directors
6
$356,311
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Schaaf Vice President 1.00
Officer Director
$0 $0 $0
John Dieck Treasurer 1.00
Officer Director
$0 $0 $0
David Schutt Secretary 1.00
Officer Director
$0 $30,181 $150,924
James Bakke Director 1.00
Director
$0 $37,070 $205,387
David Vander Ploeg thru 918 Director 1.00
Director
$0 $0 $0
Marvin Aardema began 918 Director 1.00
Director
$0 $0 $0
George Schaaf President 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
2018 $365,642 $21,613 $1,782,731 $344,029
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