Loudoun Museum Inc (EIN 541226363) - 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

1967

Legal Domicile

Principal Officer

Donald Ashbaugh

Phone

7037777427

Tax Period

2023-07-01 to 2024-06-30

LOUDOUN MUSEUM, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $204K in total revenue in fiscal year 2017. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $180K left a modest 12% surplus.

Mission

Discover, Conserve, Interpret and disseminate knowledge of Loudouns Culture and History.

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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 $273,057

Program Service Revenue $7,700

Investment Income $5,905

Other Revenue $106

TOTAL REVENUE $286,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,574

Fundraising Expenses $40,607

Program Expenses $198,064

Other Expenses $102,843

TOTAL EXPENSES $287,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,768	$197,285	+0.5%
Expenses	$287,417	$156,047	+0.8%
Net Income	$-649	$41,238	-1.0%

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
Sharon Virts	President	1.00	Officer Director	$0	$0	$0
Anne Champlain	Vice President	1.00	Officer Director	$0	$0	$0
Sally Travis	Treasurer	1.00	Officer Director	$0	$0	$0
Omari Faulkner	Trustee	1.00	Director	$0	$0	$0
Vivian Lewis	Secretary	1.00	Officer Director	$0	$0	$0
Todd Pearson	Trustee	1.00	Director	$0	$0	$0
David Kersey	Trustee	1.00	Director	$0	$0	$0
Donna Bohanon	Trustee	1.00	Director	$0	$0	$0
Terri Minchew	Trustee	1.00	Director	$0	$0	$0
Bill Wilkin	Trustee	1.00	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	$286,768	$287,417	$420,101	$-649
2024	$286,768	$287,417	$420,101	$-649
2023	$197,285	$156,047	$420,608	$41,238
2022	$301,848	$236,433	$378,429	$65,415
2021	$218,450	$216,685	$312,806	$1,765
2020	$227,860	$227,059	$338,870	$801
2019	$249,009	$166,242	$349,288	$82,767
2018	$204,304	$179,877	$266,492	$24,427

Loudoun Museum Inc