HERITAGE MUSEUM OF NEWAYGO COUNTY

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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

1966

Principal Officer

RYAN COFFEY HOAG

Phone

2316525003

Tax Period

2025-01-01 to 2025-12-31

HERITAGE MUSEUM OF NEWAYGO COUNTY, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $333K in total revenue in fiscal year 2025. Revenue surged 48% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 47 months of operating reserves.

Mission

THE MISSION OF THE NEWAYGO COUNTY MUSEUM AND HERITAGE CENTER IS TO COLLECT, PRESERVE, AND SHARE NEWAYGO COUNTY HISTORY.

Program Service Accomplishments

Program 1

Expenses: $331,662

COLLECT, PRESERVE, AND SHARE NEWAYGO COUNTY HISTORY

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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 (2025)

Revenue Breakdown

Contributions & Grants $311,246

Program Service Revenue $0

Investment Income $0

Other Revenue $21,434

TOTAL REVENUE $332,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,403

Fundraising Expenses $1,481

Program Expenses $331,662

Other Expenses $148,398

TOTAL EXPENSES $355,226

Year-over-Year Comparison

	2025	2024	Change
Revenue	$332,680	$224,731	+0.5%
Expenses	$355,226	$306,607	+0.2%
Net Income	$-22,546	$-81,876	-0.7%

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

$67,423

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN COFFEY HOAG	PRESIDENT	1.00	Officer	$0	$0	$0
CAITLIN VOYT	TREASURER	1.00	Officer	$0	$0	$0
COLLEEN BUCKLEY	SECRETARY	1.00	Officer	$0	$0	$0
MABEL CASEY	TRUSTEE	1.00	Director	$0	$0	$0
BEN GILPIN	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH JONES	TRUSTEE	1.00	Director	$0	$0	$0
AMY POSTMA	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN RADTKE	EXECUTIVE DI	40.00	Officer	$67,423	$0	$67,423

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	$332,680	$355,226	$1,895,529	$-22,546
2024	$224,731	$306,607	$1,929,613	$-81,876
2023	$244,456	$246,832	$2,006,993	$-2,376
2022	$333,519	$306,123	$2,021,188	$27,396
2021	$808,383	$131,331	$1,407,797	$677,052
2020	$352,169	$111,121	$713,945	$241,048
2019	$472,340	$128,058	$472,985	$344,282