SUMTER MUSEUM (EIN 570891753) - 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

1989

Legal Domicile

Principal Officer

REID SCHWARTZ

Phone

8037750908

Tax Period

2024-01-01 to 2024-12-31

SUMTER MUSEUM, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 77% operating margin.

Mission

OPERATION OF COUNTY MUSEUM AND PRESERVATION OF MUSEUM ASSETS

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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 $3,627,790

Program Service Revenue $16,256

Investment Income $785

Other Revenue $74,977

TOTAL REVENUE $3,719,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,668

Fundraising Expenses $78,989

Program Expenses $400,558

Other Expenses $774,894

TOTAL EXPENSES $861,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,719,808	$1,757,785	+1.1%
Expenses	$861,562	$622,191	+0.4%
Net Income	$2,858,246	$1,135,594	+1.5%

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
REID SCHWARTZ	Chairman	1.00	Director	$0	$0	$0
BRENDA CHASE	PAST CHAIR	1.00	Director	$0	$0	$0
ERICA WILLIAMS	Secretary	0.00	Officer Director	$0	$0	$0
ELIZA BUXTON	Treasurer	1.00	Director	$0	$0	$0
KATHY CREECH	Secretary	1.00	Director	$0	$0	$0
FRANK O EDWARDS	FOUNDATION REP	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
2024	$3,719,808	$861,562	$6,965,653	$2,858,246
2023	$1,757,785	$622,191	$4,106,496	$1,135,594
2022	$760,365	$456,733	$2,969,123	$303,632
2021	$1,047,694	$437,084	$2,669,725	$610,610
2020	$335,242	$496,253	$2,028,867	$-161,011
2019	$388,782	$434,935	$2,190,666	$-46,153
2018	$411,776	$382,130	$2,236,408	$29,646

SUMTER MUSEUM