BRUCEMORE INC

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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

1981

Legal Domicile

Principal Officer

DAVID JANSSEN

Phone

3193627375

Tax Period

2024-04-01 to 2025-03-31

BRUCEMORE INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $1.5M, a strong 42% operating margin.

Mission

TO INSPIRE COMMUNITY INTERACTION WITH HISTORY, PRESERVATION, AND THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $1,659,807 Revenue: $177,639

BRUCEMORE SERVES LIFELONG LEARNERS, ADVENTURE SEEKERS, AND CULTURAL ENTHUSIASTS IN FOUR WAYS. FIRST, THE ORGANIZATION PRESERVES THE IRREPLACEABLE HISTORIC RESOURCES IN ITS CARE TO ENSURE THEY PROVIDE A CONNECTION TO THE PAST. THESE ASSETS INCLUDE AN 1886 MANSION; A SERIES OF SUPPORT BUILDINGS BUILT BEFORE 1915; A 26-ACRE LANDSCAPE DESIGNED BY RENOWNED ARCHITECT O.C. SIMONDS; AND THOUSANDS OF ARTIFACTS. SECOND, THE ORGANIZATION CREATES AND PROVIDES HERITAGE PROGRAMS CENTERED AROUND THE SIGNIFICANCE OF THE SITE AND ITS COLLECTION BASED ON THE PRINCIPLE THAT UNDERSTANDING CONTEMPORARY ISSUES REQUIRES A BROAD UNDERSTANDING OF OUR SHARED HISTORY. THIRD, THE ORGANIZATION ACTS AS AN ARTS AND CULTURE DRIVER BY PRODUCING, PARTNERING, AND PRESENTING THEATER, CONCERTS, AND OTHER COMMUNITY EVENTS AGAINST THE SETTING OF THE ICONIC, HISTORIC ESTATE. FOURTH, BRUCEMORE AIMS TO INCREASE PARTICIPATION AND IMPACT BY EXPANDING ONLINE CONTENT THAT REACHES VISITORS UNABLE TO VISIT THE PHYSICAL SITE OR WHO BELIEVE A HISTORIC SITE IS NOT FOR THEM, TO PROVIDE A GREATER DEPTH OF CONNECTION, AND TO BUILD ON THE WAYS THAT UNDERSERVED ARTISTS CAN BE SUPPORTED IN THEIR JOURNEY.

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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 $2,331,924

Program Service Revenue $174,142

Investment Income $952,516

Other Revenue $94,760

TOTAL REVENUE $3,553,342

Expense Breakdown

Grants Paid $0

Salaries & Benefits $943,310

Fundraising Expenses $124,811

Program Expenses $1,659,807

Other Expenses $1,115,869

TOTAL EXPENSES $2,059,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,553,342	$4,303,804	-0.2%
Expenses	$2,059,179	$3,284,379	-0.4%
Net Income	$1,494,163	$1,019,425	+0.5%

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

181

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

$132,830

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COFFEY LISHA	PRESIDENT	1.00	Officer Director	$0	$0	$0
NEUMANN DOUG	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DEIGNAN PAT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUNS KEVIN	SECRETARY	1.00	Officer Director	$0	$0	$0
BURESH RYAN	TREASURER	1.00	Officer Director	$0	$0	$0
ALMOAYYED JASMINE	DIRECTOR	1.00	Director	$0	$0	$0
BERGSTROM BRIAN D	DIRECTOR	1.00	Director	$0	$0	$0
GUSTIN JILL	DIRECTOR	1.00	Director	$0	$0	$0
IGRAM SHADIA	DIRECTOR	1.00	Director	$0	$0	$0
MATHIS III MARK	DIRECTOR (UNTIL 12/31/24)	1.00	Director	$0	$0	$0
NJI AKWI	DIRECTOR	1.00	Director	$0	$0	$0
REASONER CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTS KRISTIN	DIRECTOR	1.00	Director	$0	$0	$0
ROHDE CHARLIE	DIRECTOR	1.00	Director	$0	$0	$0
SCHMIDT KIM	DIRECTOR	1.00	Director	$0	$0	$0
SMITH JENNIFER	DIRECTOR	1.00	Director	$0	$0	$0
STEINMETZ DOUG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAMS SEAN	DIRECTOR	1.00	Director	$0	$0	$0
JANSSEN DAVID	CHIEF EXECUTIVE OFFICER	40.00	Officer	$128,961	$3,869	$132,830

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	$3,553,342	$2,059,179	$20,738,882	$1,494,163
2024	$4,303,804	$3,284,379	$19,584,247	$1,019,425
2023	$3,599,375	$2,681,271	$18,222,425	$918,104
2022	$1,902,736	$3,068,403	$18,035,244	$-1,165,667
2021	$1,880,719	$2,973,984	$18,914,126	$-1,093,265
2020	$7,483,659	$2,462,470	$16,280,569	$5,021,189
2019	$2,893,827	$2,240,223	$12,466,160	$653,604