DULUTH CHILDREN'S MUSEUM INC (EIN 410718361) - 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

1930

Legal Domicile

Principal Officer

DREW JENSEN

Phone

2187337543

Tax Period

2024-07-01 to 2025-06-30

DULUTH CHILDREN'S MUSEUM INC, founded in 1930, is a small nonprofit in the Arts, Culture & Humanities sector that reported $631K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 19% operating margin.

Mission

THE DULUTH CHILDREN'S MUSEUM PROVIDES CHILDREN WITH OPPORTUNITIES TO EXPLORE SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS, HISTORY AND ART THRU INFORMAL PLAY AND PROGRAMS THAT SPARK CURIOSITY AND WONDER. ALSO, THERE ARE PROGRAMS THAT OUTREACH TO THEIR CLASSROOMS, COMMUNITY CENTERS AND PROVIDE FOR AFTER SCHOOL PROGRAMS.

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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 $378,494

Program Service Revenue $140,201

Investment Income $0

Other Revenue $112,596

TOTAL REVENUE $631,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,458

Fundraising Expenses $4,428

Program Expenses $412,573

Other Expenses $240,365

TOTAL EXPENSES $511,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$631,291	$495,301	+0.3%
Expenses	$511,823	$393,125	+0.3%
Net Income	$119,468	$102,176	+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

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

$77,352

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATE VAN DAELE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
LEE CUTLER	BOARD VICE CHAIR	2.00	Officer Director	$0	$0	$0
ERICA HENKEL	TREASURER	2.00	Officer Director	$0	$0	$0
TEAGAN CASSAN	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA GOODSON	DIRECTOR	2.00	Director	$0	$0	$0
TYRA JARAMILLO-KRAEMER	DIRECTOR	2.00	Director	$0	$0	$0
MATT OSTBY	DIRECTOR	2.00	Director	$0	$0	$0
RACHAEL ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
DR NICHOLLE SCHUELKE	DIRECTOR	2.00	Director	$0	$0	$0
HANNAH STOKES	DIRECTOR	2.00	Director	$0	$0	$0
DREW JENSEN	EXECUTIVE DIRECTOR	10.00	Officer	$71,232	$6,120	$77,352

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	$631,291	$511,823	$907,724	$119,468
2024	$495,301	$393,125	$822,444	$102,176
2023	$445,961	$577,757	$764,924	$-131,796
2022	$691,550	$442,666	$886,313	$248,884
2021	$641,933	$503,707	$718,910	$138,226
2020	$378,227	$661,321	$611,396	$-283,094
2019	$-310,872	$768,664	$653,875	$-1,079,536
2018	$609,109	$688,019	$2,144,036	$-78,910
2018	$609,109	$688,019	$2,144,036	$-78,910

DULUTH CHILDREN'S MUSEUM INC