The Textile 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

1925

Legal Domicile

Phone

5715538309

Tax Period

2023-01-01 to 2023-12-31

The Textile Museum, founded in 1925, is a small nonprofit in the Arts, Culture & Humanities sector that reported $295K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $362K exceeded revenue, resulting in a 22% operating deficit.

Mission

FOUNDED IN 1925 BY TEXTILE COLLECTOR AND CONNOISSEUR, GEORGE HEWITT MYERS, THE MUSEUM IS A NON-PROFIT INSTITUTION DEDICATED TO FURTHERING THE UNDERSTANDING OF MANKIND'S CREATIVE ACHIEVEMENTS IN THE TEXTILE ARTS.

Program Service Accomplishments

Program 1

Expenses: $361,500 Revenue: $295,172

GRANTS DIRECTED TO THE GEORGE WASHINGTON UNIVERSITY TO PROVIDE ONGOING SUPPORT FOR THE MUSEUM'S OPERATIONS AND PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $295,172

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $295,172

Expense Breakdown

Grants Paid $361,320

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $361,500

Other Expenses $180

TOTAL EXPENSES $361,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,172	$856,372	-0.7%
Expenses	$361,500	$909,080	-0.6%
Net Income	$-66,328	$-52,708	+0.3%

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
N/A	TREASURER/ COMMITTEE CHAIR/TRUSTEE	1.0	Officer Director	$0	$0	$0
N/A	CHAIRMAN/ TRUSTEE	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR/TRUSTEE	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR/TRUSTEE	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY / COMMITTEE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	COMMITTEE CHAIR/TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	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	No data	No data	No data	No data
2023	$295,172	$361,500	$13,585	$-66,328
2022	$856,372	$909,080	$79,913	$-52,708
2021	$233,942	$167,328	$132,621	$66,614
2020	$100,065	$100,065	$66,007	No data
2019	$187,140	$187,147	$66,007	$-7
2018	$235,294	$235,294	$66,014	No data