MUSEUM OF CHINCOTEAGUE ISLAND INC (EIN 540899483) - 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

1972

Legal Domicile

Principal Officer

JAY SAVAGE

Phone

7573366117

Tax Period

2024-01-01 to 2024-12-31

OYSTER MUSEUM INC, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $525K in total revenue in fiscal year 2018. Expenses of $476K left a modest 9% surplus.

Mission

OUR MISSION IS TO DOCUMENT AND PROVIDE EDUCATION TO PROMOTE THE CHINCOTEAGUE & ASSATEAGUE ISLANDS' PEOPLE, CULTURE, AND HERITAGE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $165,654

Program Service Revenue $1,008,566

Investment Income $6,412

Other Revenue $79,465

TOTAL REVENUE $1,260,097

Expense Breakdown

Grants Paid $0

Salaries & Benefits $239,168

Fundraising Expenses $0

Program Expenses $973,706

Other Expenses $749,350

TOTAL EXPENSES $988,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,260,097	$1,740,569	-0.3%
Expenses	$988,518	$840,604	+0.2%
Net Income	$271,579	$899,965	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY BOWDEN	DIRECTOR	N/A	Director	$0	$0	$0
DENISE BOWDEN	DIRECTOR	N/A	Director	$0	$0	$0
KELLY CONKLIN	TREASURER	N/A	Officer Director	$0	$0	$0
BILL HALL	DIRECTOR	N/A	Director	$0	$0	$0
JILL JESTER	DIRECTOR	N/A	Director	$0	$0	$0
KATIE LAYSER	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE MONTROSS	DIRECTOR	N/A	Director	$0	$0	$0
JOANNE MOORE	SECRETARY	N/A	Officer Director	$0	$0	$0
ELLEN RICHARDSON	DIRECTOR	N/A	Director	$0	$0	$0
JAY SAVAGE	PRESIDENT	N/A	Officer Director	$0	$0	$0
CHERYL TAYLOR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JORDAN WEST	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$1,260,097	$988,518	$2,356,932	$271,579
2023	$1,740,569	$840,604	$1,902,680	$899,965
2022	$662,837	$664,383	$977,298	$-1,546
2021	$328,592	$251,653	$1,004,565	$76,939
2020	$90,595	$172,548	$833,608	$-81,953
2019	$753,019	$617,453	$874,325	$135,566
2018	$524,886	$476,186	$719,858	$48,700

MUSEUM OF CHINCOTEAGUE ISLAND INC