GROUT MUSEUM INC

EIN: 421333059 501(c)(3) Arts, Culture & Humanities

WATERLOO, IA

Total Revenue
$1,667,676
Total Expenses
$909,319
Total Assets
$801,734
Net Assets
$801,734
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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
IA
Principal Officer
EDWARD J GALLAGHER III
Phone
3192346357
Tax Period
2024-07-01 to 2025-06-30

GROUT MUSEUM INC, founded in 1988, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $758K, a strong 45% operating margin.

Mission

PROVIDE FUNDS TO THE H.W. GROUT TRUST FOR OPERATION OF ITS MUSEUMS IN WATERLOO, IOWA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,667,676
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,667,676

Expense Breakdown

Grants Paid $909,209
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $909,319
Other Expenses $110
TOTAL EXPENSES $909,319

Year-over-Year Comparison

2024 2023 Change
Revenue $1,667,676 $1,154,733 +0.4%
Expenses $909,319 $1,130,692 -0.2%
Net Income $758,357 $24,041 +30.5%
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

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
15

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
5
$121,449
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD J GALLAGHER III PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY POTTER VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
STEVE SCHMITT TREASURER 2.00
Officer Director
$0 $0 $0
BARBARA CORSON DIRECTOR 0.50
Director
$0 $0 $0
MARY ELLEN WARREN DIRECTOR 0.50
Director
$0 $0 $0
NIA WILDER DIRECTOR 0.50
Director
$0 $0 $0
BELINDA CREIGHTON-SMITH DIRECTOR 0.50
Director
$0 $0 $0
HENRY BEVEL DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW GILBERT DIRECTOR 0.50
Director
$0 $0 $0
CHIQUITA LOVELESS DIRECTOR 0.50
Director
$0 $0 $0
RYAN MALECEK DIRECTOR 0.50
Director
$0 $0 $0
JIM RALSTON DIRECTOR 0.50
Director
$0 $0 $0
MATT SLINKER DIRECTOR 0.50
Director
$0 $0 $0
BRIAN PEELER DIRECTOR 0.50
Director
$0 $0 $0
JULIE ZELL DIRECTOR 0.50
Director
$0 $0 $0
TAMARA FLEMING FORMER VICE-PRESIDENT 2.00
Director
$0 $0 $0
MARGARET MOYE STARTED 102024 EXECUTIVE DIRECTOR 5.00
Officer
$0 $2,787 $33,584
DIANE POPELKA DIRECTOR OF FINANCE AND HR 5.00
Officer
$0 $13,411 $87,865
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 $1,667,676 $909,319 $801,734 $758,357
2024 $1,154,733 $1,130,692 $43,377 $24,041
2023 $1,330,636 $2,183,525 $19,336 $-852,889
2022 $1,523,676 $810,023 $872,225 $713,653
2021 $1,174,247 $1,199,171 $158,572 $-24,924
2020 $1,163,652 $1,002,673 $402,343 $160,979
2019 $1,115,417 $1,221,231 $295,899 $-105,814
2018 $1,169,352 $1,158,718 $428,329 $10,634
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