WILMINGTON CHILDREN'S MUSEUM INC

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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

1995

Principal Officer

JESSIE GOODWIN

Phone

9102543534

Tax Period

2023-07-01 to 2024-06-30

WILMINGTON CHILDREN'S MUSEUM INC, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $956K in total revenue in fiscal year 2023. The organization ran a surplus of $170K, a strong 18% operating margin.

Mission

MISSION: "IGNITING YOUNG MINDS TO EXPLORE THROUGH INTERACTIVE PLAY". OUR MISSION IS GUIDED BY THREE PRINCIPLES WHERE WE EMPOWER CHILDREN TO: IMAGINE - WE ENCOURAGE CHILDREN TO BE CURIOUS AND LEARN THROUGH PLAY. EXPLORE - WE INVITE CHILDREN TO DISCOVER SCIENCE, HEALTH, THE ARTS AND LITERACY THROUGH OUR EXHIBITS, ACTIVITIES, AND EVENTS. ENGAGE - WE ACTIVELY SUPPORT POSITIVE INTERACTIONS BETWEEN ALL CHILDREN, OUR COMMUNITY, AND OUR PLANET FOR TODAY AND THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $487,050 Revenue: $495,538

THE WILMINGTON CHILDREN'S MUSEUM HAS BEEN SERVING OUR COMMUNITY FOR OVER 27 YEARS. OUR MISSION IS TO PROVIDE A WELCOMING AND ENGAGING ENVIRONMENT THAT PROMOTES HANDS-ON ART, SCIENCE, AND...

THE WILMINGTON CHILDREN'S MUSEUM HAS BEEN SERVING OUR COMMUNITY FOR OVER 27 YEARS. OUR MISSION IS TO PROVIDE A WELCOMING AND ENGAGING ENVIRONMENT THAT PROMOTES HANDS-ON ART, SCIENCE, AND LITERACY-FOCUSED LEARNING FOR ALL CHILDREN AND THEIR FAMILIES. BOASTING OVER 15,000 SQUARE FEET OF INDOOR AND OUTDOOR INTERACTIVE EXHIBIT SPACE, THE MUSEUM OFFERS DAILY PROGRAMS, FIELD TRIPS, CAMPS, OUTREACH OPPORTUNITIES, AND BIRTHDAY PARTIES. WE WELCOME OVER 60,000 VISITORS ANNUALLY FROM ALL OVER THE WORLD WITH MORE THAN 33% OF GENERAL ADMISSIONS DISCOUNTED OR FREE.

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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 $608,786

Program Service Revenue $495,538

Investment Income $31,208

Other Revenue $-179,093

TOTAL REVENUE $956,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $476,281

Fundraising Expenses $73,756

Program Expenses $487,050

Other Expenses $310,112

TOTAL EXPENSES $786,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$956,439	$952,830	+0.0%
Expenses	$786,393	$748,415	+0.1%
Net Income	$170,046	$204,415	-0.2%

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

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

$77,889

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIE GOODWIN	EXECUTIVE DI	40.00	Officer	$72,789	$5,100	$77,889
HARRIETT LOWETH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TIFFANY KITCHEN	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
JEFFREY SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY SACKETT	PAST PRESIDE	1.00	Director	$0	$0	$0
CAROLINE BLANTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN BRYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN BYRNES	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMERON CRAFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA DANIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
TYLER GRIMES	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA LISLE	BOARD MEMBE	1.00	Director	$0	$0	$0
LANETTA PANTIEL	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE RANKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLIE WALLACE	BOARD MEMBER	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	$956,439	$786,393	$2,071,597	$170,046
2023	$952,830	$748,415	$1,834,882	$204,415
2022	$941,807	$776,976	$1,726,495	$164,831
2021	$571,792	$611,201	$1,612,288	$-39,409
2020	$438,880	$598,311	$1,643,215	$-159,431
2019	$661,763	$601,773	$1,569,481	$59,990