THE QUINCY MUSEUM INC

EIN: 376064181 501(c)(3) Arts, Culture & Humanities

QUINCY, IL

Total Revenue
$286,846
Total Expenses
$277,841
Total Assets
$544,755
Net Assets
$541,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
IL
Principal Officer
BARBARA NEWMAN
Phone
2172247669
Tax Period
2024-06-01 to 2025-05-31

THE QUINCY MUSEUM INC, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $287K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $278K left a modest 3% surplus.

Mission

PROVIDING EDUCATIONAL CLASSES, TOURS AND EVENTS TO PROMOTE THE HISTORY OF QUINCY, IL AN DADAMS COUNTY, IL AS WELL AS PRESERVING THE HISTORY AND THE HISTORIC BUILDING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $203,563
Program Service Revenue $8,498
Investment Income $34,359
Other Revenue $40,426
TOTAL REVENUE $286,846

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,439
Fundraising Expenses $13,291
Program Expenses $179,756
Other Expenses $149,402
TOTAL EXPENSES $277,841

Year-over-Year Comparison

2024 2023 Change
Revenue $286,846 $210,553 +0.4%
Expenses $277,841 $237,803 +0.2%
Net Income $9,005 $-27,250 -1.3%
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
9
Independent Members
9
Employees
10
Volunteers
N/A

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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIDGET FLYNN DIRECTOR N/A
Director
$0 $0 $0
TERRY GOODWIN DIRECTOR 7.00
Director
$0 $0 $0
KATENA GORDER TREASURER 2.00
Officer Director
$0 $0 $0
JANE HUELSMEYER SECOND VICE 8.00
Officer Director
$0 $0 $0
LUKE NEUSER SECRETARY 0.20
Director
$0 $0 $0
BARBARA NEWMAN PRESIDENT 8.13
Officer Director
$0 $0 $0
RICHARD NEWMAN DIRECTOR 3.35
Officer Director
$0 $0 $0
MICHELLE WRIGHT 1ST VICE PRE 2.76
Officer Director
$0 $0 $0
GREG ZANGER IMMEDIATE PA 0.50
Officer 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
2025 $286,846 $277,841 $544,755 $9,005
2024 $210,553 $237,803 $537,991 $-27,250
2020 $127,286 $187,843 $729,606 $-60,557
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