TOWN OF NORMAL CHILDREN'S DISCOVERY MUSEUM FOUNDATION (EIN 371288369) - 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

1991

Legal Domicile

Principal Officer

PAUL SCHARNETT

Phone

3094549510

Tax Period

2024-04-01 to 2025-03-31

TOWN OF NORMAL CHILDREN'S DISCOVERY MUSEUM FOUNDATION, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $430K, a strong 31% operating margin.

Mission

THE PURPOSE OF THE CHILDREN'S DISCOVERY MUSEUM FOUNDATION IS TO SUPPORT THE MISSION AND VISION OF THE CHILDREN'S DISCOVERY MUSEUM TO RAISE AND EXPEND FUNDS FOR THE BENEFIT OF THE MUSEUM, AND TO ADVOCATE ON BEHALD OF THE MUSEUM IN THE COMMUNITY AT LARGE.

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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 $1,316,247

Program Service Revenue $0

Investment Income $1,865

Other Revenue $74,857

TOTAL REVENUE $1,392,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $846,623

Other Expenses $963,122

TOTAL EXPENSES $963,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,392,969	$4,048,025	-0.7%
Expenses	$963,122	$1,131,555	-0.1%
Net Income	$429,847	$2,916,470	-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

102

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
ELISE ALBERS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
MOLLY ALLEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MELISSA ALCORN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK BANE	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGHAN GOLDFARB	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN LURKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MEGHAN MEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY OGUNLEYE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSH ROUGEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SCHARNETT	CHAIR	2.00	Officer Director	$0	$0	$0
MITCH STEBEL	TREASURER	2.00	Officer Director	$0	$0	$0
HEATHER THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRITTANY WADE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB WIDMER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA WETTERSTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH WHISMAN	EXECUTIVE DI	40.00	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	$1,392,969	$963,122	$4,057,145	$429,847
2024	$4,048,025	$1,131,555	$4,108,716	$2,916,470
2023	$273,429	$486,397	$626,663	$-212,968
2022	$222,439	$226,683	$645,087	$-4,244
2021	$226,403	$561,688	$649,827	$-335,285
2020	$457,563	$119,468	$984,512	$338,095

TOWN OF NORMAL CHILDREN'S DISCOVERY MUSEUM FOUNDATION