MCCORMICK SCHOOL MUSEUM INC (EIN 562398493) - 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

Formation Year

2003

Legal Domicile

Principal Officer

Paul Babich

Phone

3165585804

Tax Period

2024-01-01 to 2024-12-31

MCCORMICK SCHOOL MUSEUM INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $127K in total revenue in fiscal year 2024. Revenue surged 312% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 71% operating margin.

Mission

TO SHOWCASE AND PROTECT THE HISTORICAL AND ARCHITECTURAL IMPORTANCE OF MCCORMICK SCHOOL, WHILE TELLING THE STORY OF WICHITA PUBLIC SCHOOLS THROUGH ARTIFACTS AND ARCHIVES.

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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 $122,079

Program Service Revenue $0

Investment Income $4,808

Other Revenue $0

TOTAL REVENUE $126,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,821

Program Expenses $14,082

Other Expenses $37,239

TOTAL EXPENSES $37,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,887	$30,788	+3.1%
Expenses	$37,239	$26,115	+0.4%
Net Income	$89,648	$4,673	+18.2%

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

N/A

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
CYNTHIA DAVIE	OPERATIONS MANAGER - PRESIDENT ADVISORY COUNCIL	30	Director	$0	$0	$0
DENNIS DUTY	BOARD MEMBER - WEBMASTER	3	Director	$0	$0	$0
MARLIN SCHRAG	BOARD MEMBER	1	Director	$0	$0	$0
MARY ALICE WIARD	BOARD MEMBER	1	Director	$0	$0	$0
LUANNA PECK	BOARD MEMBER	5	Director	$0	$0	$0
DEE STARKEY	VICE PRESIDENT OF ADVISORY COUNCIL	2	Director	$0	$0	$0
CYNTHIA RHODES	SECRETARY OF ADVISORY COUNCIL	4	Director	$0	$0	$0
ALAN SNOWDEN	BOARD MEMBER	1	Director	$0	$0	$0
PAUL BABICH	PRESIDENT OF BOARD	5	Officer	$0	$0	$0
PAUL OBERG	VICE PRESIDENT - CURATOR	20	Officer	$0	$0	$0
KATHLEEN OSTER	SECRETARY OF BOARD - REGISTRAR	10	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	$126,887	$37,239	$525,145	$89,648
2023	$30,788	$26,115	$365,697	$4,673

MCCORMICK SCHOOL MUSEUM INC