GROUT MUSEUM 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

1988

Legal Domicile

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

THE MISSION OF GROUT MUSEUM, INC. IS TO RAISE FUNDS AND TRANSFER THEM TO H.W. GROUT TRUST FOR USE IN OPERATING MUSEUMS OWNED AND OPERATED BY THE TRUST.

Program Service Accomplishments

Program 1

Expenses: $909,319

GROUT MUSEUM, INC. PROVIDED FUNDING TO THE H.W. GROUT TRUST FOR OPERATIONS OF ITS MUSEUMS IN WATERLOO, IOWA. THE MUSEUMS SERVED APPROXIMATELY 50,000 PEOPLE DURING THE YEAR ENDED JUNE 30, 2025.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

$121,449

Total Directors

Key Employees

Highest Compensated

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