GALESBURG MUSEUMS INC DBA DISCOVERY DEPOT (EIN 371356298) - 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

1996

Legal Domicile

Phone

3093448876

Tax Period

2024-01-01 to 2024-12-31

GALESBURG MUSEUMS INC DBA DISCOVERY DEPOT, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $531K in total revenue in fiscal year 2024. Expenses of $634K exceeded revenue, resulting in a 19% operating deficit.

Mission

ESTABLISH AND MAINTAIN AN INTERACTIVE CHILDREN'S MUSEUM OFFERING HANDS-ON EXPERIENCES THAT TOUCH ON THE HISTORY, CULTURE, ARTS, INDUSTRY, EDUCATION AND TRADITIONS IN THE GALESBURG 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $297,104

Program Service Revenue $185,679

Investment Income $807

Other Revenue $47,088

TOTAL REVENUE $530,678

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,156

Fundraising Expenses $61,791

Program Expenses $429,255

Other Expenses $392,907

TOTAL EXPENSES $634,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$530,678	$554,261	0.0%
Expenses	$634,063	$618,587	+0.0%
Net Income	$-103,385	$-64,326	+0.6%

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

$79,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE GERSTENBERGER	Executive Dir.	50.00	Officer	$75,000	$4,769	$79,769
TRENT COX	Treasurer	2.00	Officer Director	$0	$0	$0
DEB CRATTY	Secretary	2.00	Officer Director	$0	$0	$0
DOUG GIBB	Director	1.00	Director	$0	$0	$0
ANNE GOLDEN	Director	1.00	Director	$0	$0	$0
CHERI HOSTENG	Director	1.00	Director	$0	$0	$0
CHAD LONG	Director	1.00	Director	$0	$0	$0
JEFFREY MAHER	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
LANCE OETTING	President	2.00	Officer Director	$0	$0	$0
JESSICA KETCHUM	Director	1.00	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	$530,678	$634,063	$2,652,111	$-103,385
2023	$554,261	$618,587	$2,796,740	$-64,326
2022	$448,238	$560,297	$2,868,249	$-112,059
2021	$557,586	$510,467	$3,059,443	$47,119
2020	$711,192	$502,683	$3,193,855	$208,509
2019	$553,238	$553,789	$3,187,291	$-551
2018	$692,666	$389,591	$3,258,649	$303,075

GALESBURG MUSEUMS INC DBA DISCOVERY DEPOT