LIMESTONE COUNTY HISTORIAL MUSEUM … - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

WILLIAM REAGAN

Phone

2543394275

Tax Period

2021-05-01 to 2022-04-30

LIMESTONE COUNTY HISTORIAL MUSEUM ASSOCIATION, founded in 1974, is a small nonprofit in the Arts, Culture & Humanities sector that reported $333K in total revenue in fiscal year 2021. Revenue surged 7471% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 99% operating margin.

Mission

LIMESTONE COUNTY HISTORICAL MUSEUM HOUSES EXHIBITS AND DOCUMENTS THE HISTORY OF LIMESTONE COUNTY, TEXAS. THE MISSION OF THE MUSEUM IS TO PRESENT EXHIBITS, PHOTOGRAPHS AND ARTIFACTS THAT PROVIDE INFORMATION ON NATIVE AMERICANS, EARLY SETTLERS, FORT PARKER, COMMUNITIES, SCHOOLS, THE RAILROAD, AGRICULTURE, MILITARY INVOLVEMENT, THE MEXIA OIL BOOM AND NOTABLE PERSONALITIES FROM THE COUNTY.

Program Service Accomplishments

Program 1

Expenses: $4,974 Revenue: $332,689

PROVIDE A MUSEUM FOR VISITORS, WITHOUT ADMISSION FEES, TO EXPLORE EXHIBITS OF PHOTOGRAPHS AND ARTIFACTS PROVIDING INFORMATION ON NATIVE AMERICANS, EARLY SETTLERS, FORT PARKER, COMMUNITIES, SCHOOLS...

PROVIDE A MUSEUM FOR VISITORS, WITHOUT ADMISSION FEES, TO EXPLORE EXHIBITS OF PHOTOGRAPHS AND ARTIFACTS PROVIDING INFORMATION ON NATIVE AMERICANS, EARLY SETTLERS, FORT PARKER, COMMUNITIES, SCHOOLS, RAILROADS, AGRICULTURE, MILITARY, THE MEXIA OIL BOOM AND NOTABLE PERSONALITIES RELATED TO THE COUNTY OF LIMESTONE, TEXAS

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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 (2021)

Revenue Breakdown

Contributions & Grants $332,689

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $332,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,974

Other Expenses $4,974

TOTAL EXPENSES $4,974

Year-over-Year Comparison

	2021	2020	Change
Revenue	$332,689	$4,394	+74.7%
Expenses	$4,974	$4,503	+0.1%
Net Income	$327,715	$-109	-3007.6%

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
WILLIAM REAGAN	PRESIDENT	2.00	Officer	$0	$0	$0
BETH WESTHOFF	VICE PRESIDENT	2.00	Officer	$0	$0	$0
TOM HAWKINS	TREASURER	2.00	Officer	$0	$0	$0
LIZ MACDANIEL	SECRETARY	2.00	Officer	$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
2022	$332,689	$4,974	$328,977	$327,715

LIMESTONE COUNTY HISTORIAL MUSEUM ASSOCIATION