HASTINGS MUSEUM

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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

1926

Legal Domicile

Principal Officer

MARK FUNKEY

Phone

4024612399

Tax Period

2019-10-01 to 2020-09-30

HASTINGS MUSEUM, founded in 1926, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2019. Expenses of $1.5M left a modest 8% surplus.

Mission

THE MISSION OF THE HASTINGS MUSEUM IS TO BRING TO LIFE THE NATURAL AND CULTURAL HISTORY OF HASTINGS, ADAMS COUNTY AND THE GREAT PLAINS OF NEBRASKA THROUGH THE USE OF EDUCATIONAL PROGRAMS, EXHIBITS AND FILMS.

Program Service Accomplishments

Program 1

Expenses: $1,186,448 Revenue: $115,289

THE PROMOTION AND EDUCATION OF THE HISTORY OF THE GREAT PLAINS THROUGH THE USE OF MUSEUM EXHIBITS, DISPLAYS, CLASSES AND FILM PRODUCTIONS.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,496,258

Program Service Revenue $99,767

Investment Income $0

Other Revenue $15,522

TOTAL REVENUE $1,611,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $955,857

Fundraising Expenses $0

Program Expenses $1,186,448

Other Expenses $525,975

TOTAL EXPENSES $1,481,832

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,611,547	$1,630,983	0.0%
Expenses	$1,481,832	$1,600,321	-0.1%
Net Income	$129,715	$30,662	+3.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA BAKER	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIC BARBER	TRUSTEE	2.00	Director	$0	$0	$0
BRET ERICKSON	TREASURER	2.00	Director	$0	$0	$0
MARK FUNKEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
SHEANA SMITH	TRUSTEE	2.00	Director	$0	$0	$0
AIDA EVANS	TRUSTEE	2.00	Director	$0	$0	$0
TRENT KELLY	TRUSTEE	2.00	Director	$0	$0	$0
ASHELY MCCARTER	TRUSTEE	2.00	Director	$0	$0	$0

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
2020	$1,611,547	$1,481,832	$361,116	$129,715
2019	$1,630,983	$1,600,321	$232,262	$30,662
2018	$2,348,602	$1,572,148	$180,057	$776,454