GRAND RAPIDS CHILDREN'S MUSEUM (EIN 383088234) - 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

1992

Legal Domicile

Principal Officer

MAGGIE LANCASTER

Phone

6162354726

Tax Period

2024-10-01 to 2024-12-31

GRAND RAPIDS CHILDREN'S MUSEUM, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $796K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Net assets of $4.4M represent 66 months of operating reserves.

Mission

PROVIDES A HANDS-ON ENVIRONMENT THAT CELEBRATES CHILDHOOD, INSPIRES LEARNING AND ENCOURAGES SELF-DIRECTED EXPLORATION FOR CHILDREN.

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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 $549,625

Program Service Revenue $215,861

Investment Income $23,949

Other Revenue $6,666

TOTAL REVENUE $796,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $426,752

Fundraising Expenses $203,936

Program Expenses $492,204

Other Expenses $390,279

TOTAL EXPENSES $817,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$796,101	$5,166,931	-0.8%
Expenses	$817,031	$3,196,670	-0.7%
Net Income	$-20,930	$1,970,261	-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

163

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

$380,887

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK PARADISO	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN BRENNER	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
JOCELYN DETTLOF	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIK SCHUMACHER	TREASURER AND SECRETARY	1.00	Officer Director	$0	$0	$0
JASON SCHNELKER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLEY STOPPELS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL LOTHSCHUTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID GREGORY	BOARD MEMBER	1.00	Director	$0	$0	$0
MIRANDA HILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDY JAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON JOSEPH	BOARD MEMBER	1.00	Director	$0	$0	$0
COLIN OSBORNE	BOARD MEMBER	1.00	Director	$0	$0	$0
DALE RIETBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MEI MAH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARGARET VEGA	BOARD MEMBER	1.00	Director	$0	$0	$0
KRASHAWN MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE MASON ASANTE	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA L YON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KRISTI HAIK	BOARD MEMBER	1.00	Director	$0	$0	$0
SOMMER JABBAR	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN POLSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PARKER	MEMBER AT LARGE	1.00	Director	$0	$0	$0
MAGGIE LANCASTER	CHIEF EXECUTIVE OFFICER	45.00	Officer	$149,508	$927	$150,435
ERIN CRISON	CHIEF OPERATING OFFICER	45.00	Officer	$109,252	$16,427	$125,679
NATALIE HALL	CHIEF DEVELOPMENT OFFICER	45.00	Officer	$103,846	$927	$104,773

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	$796,101	$817,031	$4,869,929	$-20,930
2024	No data	No data	No data	No data
2023	$2,158,108	$2,325,773	$2,974,277	$-167,665
2022	$2,122,912	$1,688,421	$2,835,746	$434,491
2021	$961,301	$1,034,432	$2,832,680	$-73,131
2020	$1,136,324	$1,487,671	$2,735,841	$-351,347
2019	$3,245,687	$1,875,710	$2,934,521	$1,369,977
2018	$1,281,836	$1,669,788	$1,553,873	$-387,952

GRAND RAPIDS CHILDREN'S MUSEUM