THE MUSEUM OF POWER AND INDUSTRY

EIN: 581440895 501(c)(3) Arts, Culture & Humanities

BELVIDERE, TN

Total Revenue
$222,166
Total Expenses
$122,918
Total Assets
$357,526
Net Assets
$357,526
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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
1981
Legal Domicile
TN
Principal Officer
DR JOHN LOVETT JR
Phone
9314697161
Tax Period
2024-01-01 to 2024-12-31

THE MUSEUM OF POWER AND INDUSTRY, founded in 1981, is a small nonprofit in the Arts, Culture & Humanities sector that reported $222K in total revenue in fiscal year 2024. Revenue surged 318% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 45% operating margin.

Mission

INTERPRET INDUSTRIAL AND SOCIAL HISTORY OF FALLS MILL (1873) THROUGH WORKING EXHIBITS, EDUCATIONAL PROGRAMS, GUIDED TOURS, RESTORATION AND PRESERVATION OF CONTRIBUTING STRUCTURES AND INDUSTRIAL MACHINERY, LIBRARY, ARCHIVES, PUBLIC PRESENTATIONS, BOOKS, MUSEUM TRUST.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $213,034
Program Service Revenue $0
Investment Income $9,007
Other Revenue $125
TOTAL REVENUE $222,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $110,799
Other Expenses $122,918
TOTAL EXPENSES $122,918

Year-over-Year Comparison

2024 2023 Change
Revenue $222,166 $53,185 +3.2%
Expenses $122,918 $185,963 -0.3%
Net Income $99,248 $-132,778 -1.7%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
6

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BERNARD SHROER DIRECTOR 0.00
Director
$0 $0 $0
KYLE DUGGER DIRECTOR 0.00
Director
$0 $0 $0
BETSY DUGGER DIRECTOR 0.00
Director
$0 $0 $0
ROBYN FAZIO DIRECTOR 0.00
Director
$0 $0 $0
REGAN FAZIO DIRECTOR 0.00
Director
$0 $0 $0
DR JOHN LOVETT JR EXECUTIVE DIRECTOR 0.00
Officer Director
$0 $0 $0
JANE LOVETT SECRETARY AND CURATOR 0.00
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
2024 $222,166 $122,918 $357,526 $99,248
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