WISCONSIN MUSEUM OF QUILTS & FIBER ARTS INC (EIN 391787705) - 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

1988

Legal Domicile

Principal Officer

MARY WOLTER

Phone

2625460300

Tax Period

2023-01-01 to 2023-12-31

WISCONSIN MUSEUM OF QUILTS & FIBER ARTS INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $345K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $387K exceeded revenue, resulting in a 12% operating deficit.

Mission

The Museum, located just east of historic downtown Cedarburg, Wisconsin is dedicated to educating the public about the artistice, cultural, historic and social importance of quilts and fiber arts. We also seek to increase the awareness of historic structure preservation.

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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 $177,483

Program Service Revenue $99,817

Investment Income $2,413

Other Revenue $65,424

TOTAL REVENUE $345,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,364

Fundraising Expenses $17,081

Program Expenses $333,336

Other Expenses $203,199

TOTAL EXPENSES $386,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$345,137	$292,448	+0.2%
Expenses	$386,563	$362,134	+0.1%
Net Income	$-41,426	$-69,686	-0.4%

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

130

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

$74,210

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA WRAALSTAD	EXECUTIVE DIRECTOR	40.00	Officer	$74,210	$0	$74,210
JUDY HEARST	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARY WOLTER	TREASURER	5.00	Officer Director	$0	$0	$0
BARBARA ARITY	CORRESPONDING SECRETARY	5.00	Officer Director	$0	$0	$0
LINDA VARGO	VOLUNTEER DIRECTOR	2.00	Director	$0	$0	$0
MARGARET BARKLEY	BOARD MEMBER - PAST PRESIDENT	2.00	Director	$0	$0	$0
CAROL BUTZKE	COLLECTIONS DIRECTOR	2.00	Director	$0	$0	$0
LEE HEINRICH	BOARD MEMBER	2.00	Director	$0	$0	$0
NIRMAL RAJA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARILYNN WILKE	ROTATED OFF BOARD IN 2023	2.00	Director	$0	$0	$0
JUDY JEPSON	ROTATED OFF BOARD IN 2023	2.00	Director	$0	$0	$0
ANN DEVINE	ROTATED OFF BOARD IN 2023	2.00	Director	$0	$0	$0
PETER DAMSGAARD	ROTATED OFF BOARD IN 2023	2.00	Director	$0	$0	$0
JOYCE KRUEGER	ROTATED OFF BOARD IN 2023	2.00	Director	$0	$0	$0
ROSY PETRI	ROTATED OFF BOARD IN 2023	2.00	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	No data	No data	No data	No data
2023	$345,137	$386,563	$1,640,963	$-41,426
2022	$292,448	$362,134	$1,678,333	$-69,686
2021	$414,490	$326,501	$1,739,785	$87,989
2020	$326,298	$297,075	$1,775,130	$29,223
2019	$237,685	$318,998	$1,571,421	$-81,313
2018	$292,192	$346,491	$1,654,209	$-54,299

WISCONSIN MUSEUM OF QUILTS & FIBER ARTS INC