HERITAGE MUSEUM ASSOCIATION INC (EIN 591637065) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

MARIE HALLION

Phone

8506782615

Tax Period

2024-10-01 to 2025-09-30

HERITAGE MUSEUM ASSOCIATION INC, founded in 1969, is a small nonprofit that reported $173K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $69K, a strong 40% operating margin.

Mission

TO COLLECT, PRESERVE, AND STUDY HISTORICAL ARTIFACTS PERTAINING TO NORTHWEST FLORIDA'S HERITAGE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $127,356

Program Service Revenue $8,629

Investment Income $1,896

Other Revenue $34,792

TOTAL REVENUE $172,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,589

Fundraising Expenses $0

Program Expenses $88,845

Other Expenses $62,367

TOTAL EXPENSES $103,956

Year-over-Year Comparison

	2024	2023	Change
Revenue	$172,673	$260,956	-0.3%
Expenses	$103,956	$84,917	+0.2%
Net Income	$68,717	$176,039	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BERTE	TRUSTEE	N/A	Director	$0	$0	$0
STEVE CZONSTKA	VICE- CHAIR	N/A	Officer Director	$0	$0	$0
KRISTINA DUFFY	TRUSTEE	N/A	Director	$0	$0	$0
CHRIS GALLOWAY	TRUSTEE	N/A	Director	$0	$0	$0
MARIE HALLION	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JENE MCCRACKEN	TRUSTEE	N/A	Director	$0	$0	$0
SUSAN PAGE	TRUSTEE	N/A	Director	$0	$0	$0
KENNETH WALSH	TRUSTEE	N/A	Director	$0	$0	$0
MIKE WEAVER	TRUSTEE	N/A	Director	$0	$0	$0
BARBARA PALMGREN	SECRETARY	N/A	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
2025	$172,673	$103,956	$790,232	$68,717
2024	$260,956	$84,917	$721,426	$176,039
2023	$129,818	$81,411	$545,093	$48,407
2022	$150,922	$83,259	$497,710	$67,663
2021	$117,306	$73,106	$429,293	$44,200
2020	$122,415	$79,844	$385,576	$42,571
2019	$125,152	$89,544	$341,647	$35,608

HERITAGE MUSEUM ASSOCIATION INC