MUSIC HOUSE MUSEUM (EIN 382709408) - 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

1983

Legal Domicile

Principal Officer

DOROTHY CLORE

Phone

2319389300

Tax Period

2024-01-01 to 2024-12-31

MUSIC HOUSE MUSEUM, founded in 1983, is a small nonprofit in the Arts, Culture & Humanities sector that reported $319K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $1.8M represent 69 months of operating reserves.

Mission

TO COLLECT, RESTORE, PRESERVE, DISPLAY, AND DEMONSTRATE AUTOMATED MUSICAL INSTRUMENTS AND RELATED.

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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 $145,638

Program Service Revenue $65,780

Investment Income $45,869

Other Revenue $61,841

TOTAL REVENUE $319,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,995

Fundraising Expenses $1,140

Program Expenses $189,339

Other Expenses $159,203

TOTAL EXPENSES $320,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,128	$277,786	+0.1%
Expenses	$320,198	$361,773	-0.1%
Net Income	$-1,070	$-83,987	-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

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

$47,430

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM KEATON	EXECUTIVE DI	40.00	Officer	$47,430	$0	$47,430
BRUCE AHLICH	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
DOROTHY CLORE	PRESIDENT	8.00	Officer Director	$0	$0	$0
ROBERT CLORE	DIRECTOR	8.00	Director	$0	$0	$0
JAMES COX	DIRECTOR - E	8.00	Director	$0	$0	$0
ELLIE HOLDSWORTH	DIRECTOR - E	8.00	Director	$0	$0	$0
EDWARD KENNEDY	DIRECTOR	8.00	Director	$0	$0	$0
SHERRY KOENIG	DIRECTOR	8.00	Director	$0	$0	$0
SALLY LEWIS	CO-TREASURER	8.00	Officer Director	$0	$0	$0
PATRICIA RICHARDS	DIRECTOR	8.00	Director	$0	$0	$0
MICHEAL SMITH	SECRETARY	8.00	Officer Director	$0	$0	$0
RUTH STOW	CO-TREASURER	8.00	Officer Director	$0	$0	$0
JAMES WARNER	DIRECTOR	8.00	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	$319,128	$320,198	$2,325,516	$-1,070
2023	$277,786	$361,773	$2,268,848	$-83,987
2022	$324,184	$297,514	$2,261,721	$26,670
2021	$442,252	$242,173	$2,405,040	$200,079
2020	$201,776	$246,879	$2,156,594	$-45,103
2019	$277,214	$302,606	$2,114,456	$-25,392
2018	$246,901	$327,920	$2,014,603	$-81,019

MUSIC HOUSE MUSEUM