OCEAN ISLE MUSEUM FOUNDATION (EIN 561632347) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

ROBERT FORRESTER

Phone

9105791016

Tax Period

2024-07-01 to 2025-06-30

OCEAN ISLE MUSEUM FOUNDATION is a small nonprofit in the Arts, Culture & Humanities sector that reported $740K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $2.8M represent 45 months of operating reserves.

Mission

OPERATION AND MAINTENANCE OF THE MUSEUM OF COASTAL CAROLINA AND THE INGRAM PLANETARIUM; TO INSPIRE CURIOSITY ABOUT OUR UNIQUE COASTAL ENVIRONMENT, HISTORY AND THE BROADER NATURAL UNIVERSE THROUGH INTERACTIVE, FUN, SCIENCE -BASED EXPERIENCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $234,251

Program Service Revenue $382,235

Investment Income $1,493

Other Revenue $121,785

TOTAL REVENUE $739,764

Expense Breakdown

Grants Paid $57,755

Salaries & Benefits $401,956

Fundraising Expenses $8,233

Program Expenses $643,878

Other Expenses $302,631

TOTAL EXPENSES $762,342

Year-over-Year Comparison

	2024	2023	Change
Revenue	$739,764	$842,684	-0.1%
Expenses	$762,342	$605,824	+0.3%
Net Income	$-22,578	$236,860	-1.1%

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
TIM ECKERT	SECRETARY	N/A	Officer Director	$0	$0	$0
ROBERT FORRESTER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KEN KRAUSE	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
DIANNE MCRAINEY	TREASURER	N/A	Officer 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	$739,764	$762,342	$2,794,675	$-22,578
2024	$789,424	$641,945	$2,840,758	$147,479
2023	$617,263	$773,679	$2,807,861	$-156,416
2022	$1,071,115	$706,000	$3,208,429	$365,115
2021	$519,641	$476,113	$3,000,805	$43,528

OCEAN ISLE MUSEUM FOUNDATION