LEGACY OF THE PLAINS MUSEUM INC (EIN 470724415) - 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

1988

Legal Domicile

Principal Officer

SUSAN WIEDEMAN

Phone

3084361989

Tax Period

2024-01-01 to 2024-12-31

LEGACY OF THE PLAINS MUSEUM INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $646K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $183K, a strong 28% operating margin.

Mission

THE LEGACY OF THE PLAINS MISSION IS TO COLLECT, PRESERVE, AND INTERPRET THE HISTORY OF SETTLEMENT AND AGRICULTURE OF THE REGION FOR THE PRESENT AND FUTURE GENERATIONS.

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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 $454,583

Program Service Revenue $63,514

Investment Income $89,814

Other Revenue $38,256

TOTAL REVENUE $646,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,523

Fundraising Expenses $41,316

Program Expenses $314,004

Other Expenses $303,675

TOTAL EXPENSES $463,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,167	$520,323	+0.2%
Expenses	$463,198	$468,341	0.0%
Net Income	$182,969	$51,982	+2.5%

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

150

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

$72,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELEANOR SHIMEK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DON GENTRY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JACK PRESTON	SECRETARY	1.00	Director	$0	$0	$0
SUSAN WIEDEMAN	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE MERCER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN CROFT	DIRECTOR	1.00	Director	$0	$0	$0
JODI RUZICKA	DIRECTOR	1.00	Officer Director	$0	$0	$0
HARRY GABEL	DIRECTOR	1.00	Director	$0	$0	$0
STEVE VEISSMAN	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE DICKEY	DIRECTOR	1.00	Director	$0	$0	$0
CARL ROLAND	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SCHLEDEWITZ	DIRECTOR	1.00	Director	$0	$0	$0
BILL VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
ANNE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
DAVE WOLF	EXECUTIVE DI	40.00	Officer	$72,096	$0	$72,096

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	$646,167	$463,198	$5,826,704	$182,969
2023	$520,323	$468,341	$5,688,735	$51,982
2022	$1,598,875	$438,267	$5,681,753	$1,160,608
2021	$536,940	$597,687	$4,883,404	$-60,747
2020	$518,058	$365,767	$4,905,679	$152,291
2019	$274,609	$367,049	$4,782,857	$-92,440
2018	$344,574	$369,858	$4,930,509	$-25,284

LEGACY OF THE PLAINS MUSEUM INC