Lightner Museum of Hobbies 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

1948

Legal Domicile

Principal Officer

Teresa Radzinski

Phone

9048242874

Tax Period

2023-01-01 to 2023-12-31

Lightner Museum of Hobbies Inc, founded in 1948, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.1M left a modest 11% surplus.

Mission

To inspire curiosity, excite minds, and enrich lives through the Organization's unique collection, historic building, and dynamic exhibitions and programs.

Program Service Accomplishments

Program 1

Expenses: $1,806,051 Revenue: $1,140,554

The operation and maintenance of the Lightner Museum's exhibitions, artcollection, historic building, and educational programs. Educationalprograms include guided tours, antique mechanical device...

The operation and maintenance of the Lightner Museum's exhibitions, artcollection, historic building, and educational programs. Educationalprograms include guided tours, antique mechanical device demonstrations,lecture & music series, and other special events throughout the year thatallow visitors opportunities to engage with the collection.

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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 $447,292

Program Service Revenue $1,145,003

Investment Income $21

Other Revenue $797,311

TOTAL REVENUE $2,389,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $980,735

Fundraising Expenses $10,688

Program Expenses $1,806,051

Other Expenses $1,156,603

TOTAL EXPENSES $2,137,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,389,627	$2,295,791	+0.0%
Expenses	$2,137,338	$1,927,141	+0.1%
Net Income	$252,289	$368,650	-0.3%

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
David Bangall	Key Employee	40.00		$133,687	$0	$133,687
Mark Bailey	Trustee	1.00	Director	$0	$0	$0
David Drysdale	Trustee	1.00	Director	$0	$0	$0
David Peek	Trustee	1.00	Director	$0	$0	$0
Teresa Radzinski	Board Chair	10.00	Officer Director	$0	$0	$0
Nancy Sikes-Kline	Trustee	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	No data	No data	No data	No data
2023	$2,389,627	$2,137,338	$7,818,895	$252,289
2022	$2,295,791	$1,927,141	$7,663,914	$368,650
2021	$2,828,263	$1,599,671	$7,287,480	$1,228,592
2021	$1,127,615	$783,013	$7,354,356	$344,602
2020	$1,502,076	$1,603,640	$5,945,718	$-101,564