THE FROSTBURG MUSEUM ASSN INC

EIN: 521276142 501(c)(3)

FROSTBURG, MD

Total Revenue
$27,924
Total Expenses
$42,635
Total Assets
$691,353
Net Assets
$691,353
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MD
Principal Officer
ELIZABETH ESHLEMAN
Tax Period
2023-07-01 to 2024-06-30

THE FROSTBURG MUSEUM ASSN INC, founded in 1977, is a micro nonprofit that reported $28K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 53% operating deficit.

Mission

THE PURPOSE OF THE ASSOCIATION SHALL BE TO ACQUIRE, DOCUMENT, CATALOGUE, PRESERVE, AND DISPLAY ARTIFACTS AND OTHER ITEMS RELATED TO THE HISTORY OF FROSTBURG, MD

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $23,698
Program Service Revenue $0
Investment Income $4,226
Other Revenue $0
TOTAL REVENUE $27,924

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,635
Other Expenses $42,635
TOTAL EXPENSES $42,635

Year-over-Year Comparison

2023 2022 Change
Revenue $27,924 $85,733 -0.7%
Expenses $42,635 $57,683 -0.3%
Net Income $-14,711 $28,050 -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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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH ESHL PRESIDENT 20
Officer Director
$0 $0 $0
JOE WILLIAMS VICE PRESIDENT 5
Officer Director
$0 $0 $0
JOHN KIRBY TREASURER 20
Officer Director
$0 $0 $0
FAY STANTON SECRETARY 20
Officer Director
$0 $0 $0
RALPH BENDER BOARD MEMBER 5
Director
$0 $0 $0
JEAN MYERS BOARD MEMBER 5
Director
$0 $0 $0
BILL DETERMAN BOARD MEMBER 5
Director
$0 $0 $0
DEIRDRE ROBERT BOARD MEMBER 5
Director
$0 $0 $0
KITTY DAVIS BOARD MEMBER 5
Director
$0 $0 $0
TODD LOGSDON BOARD MEMBER 5
Director
$0 $0 $0
PAUL DEPALATIS BOARD MEMBER 5
Director
$0 $0 $0
POLLA HORN BOARD MEMBER 5
Director
$0 $0 $0
JOE KEATING BOARD MEMBER 5
Director
$0 $0 $0
MARY JO PRICE BOARD MEMBER 5
Director
$0 $0 $0
LIZA ZAKHAROVA BOARD MEMBER 5
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
2024 $27,924 $42,635 $691,353 $-14,711
2023 $85,733 $57,683 $703,669 $28,050
2022 $57,971 $21,121 $673,429 $36,850
2021 $57,210 $41,391 $644,590 $15,819
2020 $138,891 $55,209 $624,317 $83,682
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