WESTMORELAND COUNTY MUSEUM & LIBRARY INC (EIN 540560803) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1941

Legal Domicile

Principal Officer

GWENDOLYN O'DELL

Phone

8044938440

Tax Period

2023-01-01 to 2023-12-31

WESTMORELAND COUNTY MUSEUM & LIBRARY INC, founded in 1941, is a micro nonprofit that reported $88K in total revenue in fiscal year 2018. Expenses of $98K exceeded revenue, resulting in a 12% operating deficit.

Mission

PRESERVATION AND PROMOTION OF THE HISTORY, TRADITIONS, AND CULTURE OF WESTMORELAND COUNTY, VIRGINIA AND PRESERVATION OF HISTORICAL RECORDS OF THE COUNTY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,802

Program Service Revenue $0

Investment Income $7,818

Other Revenue $657

TOTAL REVENUE $67,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,757

Fundraising Expenses $1,302

Program Expenses $79,089

Other Expenses $25,889

TOTAL EXPENSES $82,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,277	$72,562	-0.1%
Expenses	$82,646	$66,624	+0.2%
Net Income	$-15,369	$5,938	-3.6%

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

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
ANNE GARNER	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SUSAN RIPOL	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GWENDOLYN O'DELL	TREASURER	2.00	Officer Director	$0	$0	$0
KATHRYN WITTMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA BOATMAN	DIRECTOR	0.50	Director	$0	$0	$0
ANNE GLANCY	DIRECTOR	0.25	Director	$0	$0	$0
WAYNE SHIELDS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA GILLIONS	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE JOHNSTON	DIRECTOR	0.25	Director	$0	$0	$0
KATHERINE FOX	DIRECTOR	0.50	Director	$0	$0	$0
ISOBEL MORRIS	DIRECTOR	0.25	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	$67,277	$82,646	$806,510	$-15,369
2022	$72,562	$66,624	$822,907	$5,938
2021	$73,983	$64,705	$816,969	$9,278
2020	$63,603	$61,484	$807,691	$2,119
2019	$87,463	$79,715	$805,572	$7,748
2018	$87,898	$98,163	$798,539	$-10,265

WESTMORELAND COUNTY MUSEUM & LIBRARY INC