THE HERITAGE MUSEUM AND CULTURAL CENTER (EIN 381791320) - 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

1965

Legal Domicile

Principal Officer

SVEN ERICKSON

Phone

2699831191

Tax Period

2024-01-01 to 2024-12-31

THE HERITAGE MUSEUM AND CULTURAL CENTER, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $190K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $326K exceeded revenue, resulting in a 71% operating deficit.

Mission

THROUGH EXHIBITION AND RESEARCH, THE MUSEUM EDUCATES THE COMMUNITY ON HISTORY AND CULTURE.

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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 $159,929

Program Service Revenue $18,248

Investment Income $140

Other Revenue $12,044

TOTAL REVENUE $190,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,135

Fundraising Expenses $0

Program Expenses $243,882

Other Expenses $214,040

TOTAL EXPENSES $326,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,361	$148,227	+0.3%
Expenses	$326,175	$407,993	-0.2%
Net Income	$-135,814	$-259,766	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SVEN ERICKSON DDS	TREASURER	12.00	Officer Director	$0	$0	$0
ELIZABETH GAREY	TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL GAREY	PRESIDENT	4.00	Director	$0	$0	$0
MICHAEL KALIN	TRUSTEE	0.00	Officer Director	$0	$0	$0
DR MITZI KALIN	VICE PRESIDENT	0.00	Director	$0	$0	$0
MINDY O'BRIEN	TRUSTEE	0.00	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
2024	$190,361	$326,175	$1,425,471	$-135,814
2023	$148,227	$407,993	$1,562,615	$-259,766
2022	$307,184	$314,006	$1,812,236	$-6,822
2021	$238,553	$244,339	$1,849,547	$-5,786
2020	$259,995	$319,634	$1,832,471	$-59,639
2019	$441,492	$393,986	$1,919,028	$47,506
2018	$600,841	$512,226	$1,870,643	$88,615

THE HERITAGE MUSEUM AND CULTURAL CENTER