WATERLOO MUSEUM SOCIETY

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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

2000

Legal Domicile

Phone

6189398792

Tax Period

2024-01-01 to 2024-12-31

WATERLOO MUSEUM SOCIETY, founded in 2000, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $696K represent 352 months of operating reserves.

Mission

DISPLAY ARTIFACTS OF LOCAL AND AMERICAN HISTORY AND CONDUCT EDUCATIONAL PRESENTATIONS

Program Service Accomplishments

Program 1

Expenses: $24,679

Display of artifacts and presentations on various historical events.

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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 $14,793

Program Service Revenue $0

Investment Income $5,044

Other Revenue $3,878

TOTAL REVENUE $23,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,679

Other Expenses $24,679

TOTAL EXPENSES $24,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,715	$40,432	-0.4%
Expenses	$24,679	$17,782	+0.4%
Net Income	$-964	$22,650	-1.0%

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

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
NORMA REHEIS	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE HIMSTEDT	BOARD MEMBER	5.00	Director	$0	$0	$0
GENE HENKLER	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDI HORRELL	BOARD MEMBER	5.00	Director	$0	$0	$0
CLAUDIA ASSELMEIER	BOARD MEMBER	2.00	Director	$0	$0	$0
KARYN ALBERS	BOARD MEMBER	5.00	Director	$0	$0	$0
SHELBY MATHES	PRESIDENT	10.00	Officer	$0	$0	$0
SUE WATTERS	SECRETARY	10.00	Officer	$0	$0	$0
CURTISS WITTBRACHT	TREASURER	10.00	Officer	$0	$0	$0
DAVE SAWYER	VICE PRESIDENT	10.00	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
2024	$23,715	$24,679	$695,658	$-964
2023	$40,432	$17,782	$681,816	$22,650
2022	$21,541	$16,101	$641,681	$5,440
2021	$23,620	$19,304	$668,038	$4,316
2020	$11,864	$15,395	$646,367	$-3,531