VIRGINIA MUSEUM OF TRANSPORTATION … - 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

1976

Legal Domicile

Principal Officer

MENDY FLYNN

Phone

5403425670

Tax Period

2023-07-01 to 2024-06-30

VIRGINIA MUSEUM OF TRANSPORTATION INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. Net assets of $6.4M represent 37 months of operating reserves.

Mission

THE VIRGINIA MUSEUM OF TRANSPORTATION PRESERVES AND INTERPRETS THE HERITAGE OF ALL MODES OF TRANSPORTATION ACROSS THE COMMONWEALTH FOR THE BENEFIT OF PRESENT AND FUTURE GENERATIONS, WHILE SUPPLEMENTING ITS COLLECTIONS WITH SIGNIFICANT NATIONAL AND INTERNATIONAL OBJECTS TO ENHANCE ITS INTERPRETIVE PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,900,152 Revenue: $1,528,910

THE MUSEUM IS AN EDUCATIONAL INSTITUTION THAT COLLECTS AND PRESERVES EXHIBITS RELATED TO THE HISTORY AND TECHNOLOGY OF ALL FORMS OF TRANSPORTATION WITH EMPHASIS ON VIRGINIA'S TRANSPORTATION HISTORY.

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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 $509,761

Program Service Revenue $1,426,689

Investment Income $9,763

Other Revenue $102,221

TOTAL REVENUE $2,048,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $442,467

Fundraising Expenses $32,886

Program Expenses $1,900,152

Other Expenses $1,664,742

TOTAL EXPENSES $2,107,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,048,434	$848,740	+1.4%
Expenses	$2,107,209	$1,554,106	+0.4%
Net Income	$-58,775	$-705,366	-0.9%

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

125

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

$69,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MENDY FLYNN	EXECUTIVE DI	40.00	Officer	$69,479	$0	$69,479
CHRIS BANTA	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT G BENNETT	VP AUTO GALL	2.00	Officer Director	$0	$0	$0
TOM COX	EXEC VICE PR	2.00	Officer Director	$0	$0	$0
ROBERT DYE	DIRECTOR	2.00	Director	$0	$0	$0
WILL FADDIS	PRESIDENT	2.00	Director	$0	$0	$0
WILL FRALIN	DIRECTOR	2.00	Director	$0	$0	$0
EUGENE M ELLIOTT JR	VP COLLECTIO	2.00	Officer Director	$0	$0	$0
ROY E BUCHER JR	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS KEATON	DIRECTOR	2.00	Director	$0	$0	$0
TED KRUMREICH	DIRECTOR	2.00	Director	$0	$0	$0
KEN LANFORD	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALICIA LOVERN	DIRECTOR	2.00	Director	$0	$0	$0
AMY MATHENY	DIRECTOR	2.00	Director	$0	$0	$0
MARY E WHELCHEL	VP MARKETING	2.00	Officer Director	$0	$0	$0
DARNELL WOOD	DIRECTOR	2.00	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	$2,048,434	$2,107,209	$7,085,547	$-58,775
2023	$848,740	$1,554,106	$7,147,729	$-705,366
2022	$784,467	$1,135,886	$7,208,789	$-351,419
2021	$586,851	$899,440	$7,557,234	$-312,589
2020	$783,305	$1,067,726	$7,975,368	$-284,421
2019	$678,357	$1,020,831	$8,207,229	$-342,474
2018	$908,584	$1,397,593	$8,593,925	$-489,009

VIRGINIA MUSEUM OF TRANSPORTATION INC