THE DURHAM MUSEUM (EIN 470556061) - 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

1975

Legal Domicile

Principal Officer

JOHN BOYER

Phone

4024445071

Tax Period

2024-01-01 to 2024-12-31

THE DURHAM MUSEUM, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.0M in total revenue in fiscal year 2024. Net assets of $14.6M represent 29 months of operating reserves.

Mission

PROVIDE RELEVANT EDUCATIONAL AND ENTERTAINING OPPORTUNITIES WITHIN THE REGION THAT EXCEED CUSTOMER EXPECTATIONS, WHILE PRESERVING OUR COMMUNITY'S VIBRANT CULTURAL HISTORY.

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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 $4,171,736

Program Service Revenue $1,486,057

Investment Income $163,980

Other Revenue $181,169

TOTAL REVENUE $6,002,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,671,784

Fundraising Expenses $826,316

Program Expenses $3,573,728

Other Expenses $3,427,210

TOTAL EXPENSES $6,098,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,002,942	$5,711,148	+0.1%
Expenses	$6,098,994	$5,506,186	+0.1%
Net Income	$-96,052	$204,962	-1.5%

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

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

$352,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BOYER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE LEMPKA	BOARD MEMBER	1.00	Director	$0	$0	$0
BRADLEY KNUTH	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD FOJE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE DAUBERT	TREASURER	1.00	Officer Director	$0	$0	$0
MARY RECKMEYER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ANN O'BRIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AVNER APPLBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY CROCKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BEVERLY KRACHER	BOARD MEMBER	1.00	Director	$0	$0	$0
RODRIGO LOPEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DANNY BEGLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY KUHN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MENICUCCI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTI JANSSEN	EXECUTIVE DIRECTOR	55.00	Officer	$217,144	$4,964	$222,108
SUSAN SHEEHY	DIRECTOR OF FINANCE AND AD	50.00	Officer	$127,711	$2,939	$130,650
COREY WILSON	DIRECTOR OF DEVELOPMENT	50.00	Highest	$123,511	$2,886	$126,397
KIM HENZE	DIRECTOR OF MUSEUM OPERATIONS	50.00	Highest	$110,801	$22,863	$133,664

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	$6,002,942	$6,098,994	$15,779,183	$-96,052
2023	$5,711,148	$5,506,186	$15,282,094	$204,962
2022	$4,447,019	$5,513,291	$14,391,259	$-1,066,272
2021	$6,189,784	$5,152,404	$16,262,921	$1,037,380
2020	$5,410,421	$4,573,626	$15,389,425	$836,795
2019	$7,356,252	$5,347,919	$14,017,496	$2,008,333
2018	$5,724,051	$4,816,324	$11,334,571	$907,727

THE DURHAM MUSEUM