FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER (EIN 541395291) - 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

1985

Legal Domicile

Principal Officer

SAMUEL MCKELVEY

Tax Period

2022-07-01 to 2023-06-30

FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $448K in total revenue in fiscal year 2017. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $417K left a modest 7% surplus.

Mission

THE MISSION OF THE FREDERICKSBURG AREA MUSEUM AND CULTURAL CENTER (FAMCC) IS TO COLLECT, INTERPRET AND PRESENT THE HISTORY AND CULTURE OF THE FREDERICKSBURG AREA. IT IS A LEARNING CENTER THAT SEEKS TO EDUCATE STUDENTS AND THE VISITING PUBLIC ABOUT THE HERITAGE OF THE MEN AND WOMEN, FROM ALL STATIONS OF LIFE, WHO SHAPED THE FREDERICKSBURG REGION AND ITS ROLE IN THE NATION'S DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $380,103

Program Service Revenue $21,901

Investment Income $111,753

Other Revenue $8,863

TOTAL REVENUE $522,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $403,808

Fundraising Expenses $23,951

Program Expenses $518,101

Other Expenses $245,850

TOTAL EXPENSES $649,658

Year-over-Year Comparison

	2022	2021	Change
Revenue	$522,620	$572,648	-0.1%
Expenses	$649,658	$466,319	+0.4%
Net Income	$-127,038	$106,329	-2.2%

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
RHONDA FRIED	CHAIR	2.00	Officer Director	$0	$0	$0
SARAH HURST	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHY ROSCOE	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE BARNICK	SECRETARY	1.00	Officer Director	$0	$0	$0
HEATHER COHEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS B FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
ANITA CROSSFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MARY KATHERINE GREENLAW	DIRECTOR	1.00	Director	$0	$0	$0
TIM BAROODY	DIRECTOR	1.00	Director	$0	$0	$0
JON GERLACH	DIRECTOR	1.00	Director	$0	$0	$0
DR WILL MACKINTOSH	DIRECTOR	1.00	Director	$0	$0	$0
DR JOHN C MCGUIRE III	DIRECTOR	1.00	Director	$0	$0	$0
SETH SILBER	DIRECTOR	1.00	Director	$0	$0	$0
SARA POORE	PRESIDENT &	40.00		$100,792	$0	$100,792
SAMUEL MCKELVEY	PRESIDENT &	40.00	Officer	$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	$522,620	$649,658	$3,161,062	$-127,038
2022	$572,648	$466,319	$3,128,661	$106,329
2021	$445,474	$379,479	$3,583,207	$65,995
2020	$476,790	$445,884	$2,894,317	$30,906
2019	$400,491	$511,193	$2,914,465	$-110,702
2018	$448,015	$416,568	$2,878,808	$31,447

FREDERICKSBURG AREA MUSEUM & CULTURAL CENTER