NORTHWOODS CHILDRENS MUSEUM (EIN 391774863) - 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

1995

Legal Domicile

Principal Officer

SHARON NIELSEN

Phone

7154794623

Tax Period

2024-01-01 to 2024-12-31

NORTHWOODS CHILDRENS MUSEUM, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $408K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $82K, a strong 20% operating margin.

Mission

TO PROVIDE A HANDS ON LEARNING ENVIRONMENT FOR CHILDREN. THE EXHIBITS AT THE MUSEUM ARE DESIGNED TO TEACH CHILDREN ABOUT THE WORLD AROUND THEM IN A FUN AND ENJOYABLE MANNER.

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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 $169,578

Program Service Revenue $178,716

Investment Income $18,100

Other Revenue $41,471

TOTAL REVENUE $407,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,391

Fundraising Expenses $6,065

Program Expenses $290,882

Other Expenses $121,122

TOTAL EXPENSES $325,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,865	$367,419	+0.1%
Expenses	$325,513	$299,874	+0.1%
Net Income	$82,352	$67,545	+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

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
LARA BARBOUR	BOARD MEMBER	5.00	Director	$0	$0	$0
WENDY KANITZ	BOARD MEMBER	5.00	Director	$0	$0	$0
MARY MORS	BOARD MEMBER	5.00	Director	$0	$0	$0
MCKENZIE RABENN	BOARD MEMBER	5.00	Director	$0	$0	$0
DAN ULLSPERGER	BOARD MEMBER	5.00	Director	$0	$0	$0
AMY VANNEY	BOARD MEMBER	5.00	Director	$0	$0	$0
MATT KLUETZ	VICE PRESIDE	5.00	Officer	$0	$0	$0
SHARON NIELSEN	PRESIDENT	5.00	Officer	$0	$0	$0
MICHAEL RIGBY	TREASURER	5.00	Officer	$0	$0	$0
JACKIE WEIGHT	SECRETARY	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$407,865	$325,513	$907,632	$82,352
2023	$367,419	$299,874	$880,454	$67,545
2022	$245,841	$224,213	$771,733	$21,628
2021	$267,072	$200,217	$543,376	$66,855
2020	$144,487	$227,125	$473,262	$-82,638
2019	$253,183	$237,290	$412,761	$15,893
2018	$292,390	$225,973	$396,940	$66,417

NORTHWOODS CHILDRENS MUSEUM