IRON CO MUSEUM ENDOWMENT FUND INC (EIN 382961583) - 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

MICHAEL LADD

Phone

9062652617

Tax Period

2023-01-01 to 2023-12-31

IRON CO MUSEUM ENDOWMENT FUND INC, founded in 1965, is a micro nonprofit that reported $74K in total revenue in fiscal year 2023. Expenses of $85K exceeded revenue, resulting in a 15% operating deficit.

Mission

MANAGEMENT OF PERPETUITY FUND SO THAT, WE CAN HELP SUPPORT HIRING A FULL TIME MANAGER FOR IRON COUNTY HISTORICAL AND MUSEUM SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $74,090

Other Revenue $0

TOTAL REVENUE $74,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,840

Other Expenses $84,944

TOTAL EXPENSES $84,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,090	$74,588	0.0%
Expenses	$84,944	$88,223	0.0%
Net Income	$-10,854	$-13,635	-0.2%

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

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
RONALD BASSO	DIRECTOR	1.00	Director	$0	$0	$0
FRED BEHLING	DIRECTOR	1.00	Officer Director	$0	$0	$0
LOUISA KNIIVILA	TREASURER	1.00	Director	$0	$0	$0
MICHAEL LADD	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHLENE LONG	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES QUAYLE	DIRECTOR	1.00	Director	$0	$0	$0
SHARON RYDEN	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$74,090	$84,944	$1,397,657	$-10,854
2022	$74,588	$88,223	$1,288,540	$-13,635
2021	$104,192	$74,213	$1,581,479	$29,979
2020	$64,376	$73,137	$1,450,196	$-8,761
2019	$75,234	$73,064	$1,461,191	$2,170
2018	$94,015	$88,748	$1,283,682	$5,267

IRON CO MUSEUM ENDOWMENT FUND INC