OWENSBORO AREA MUSEUM OF SCIENCE AND HISTORY INC

EIN: 611164857 501(c)(3) Arts, Culture & Humanities

Owensboro, KY

Total Revenue
$396,253
Total Expenses
$524,834
Total Assets
$1,244,507
Net Assets
$1,173,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
KY
Principal Officer
Kathy Olson
Phone
2706872732
Tax Period
2023-07-01 to 2024-06-30

OWENSBORO AREA MUSEUM OF SCIENCE AND HISTORY INC, founded in 1966, is a small nonprofit in the Arts, Culture & Humanities sector that reported $396K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $525K exceeded revenue, resulting in a 32% operating deficit.

Mission

The Museum is an institution that collects, conserves and exhibits information and artifacts with an emphasis on the Western Kentucky area.

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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 (2023)

Revenue Breakdown

Contributions & Grants $281,671
Program Service Revenue $93,336
Investment Income $10,903
Other Revenue $10,343
TOTAL REVENUE $396,253

Expense Breakdown

Grants Paid $0
Salaries & Benefits $190,462
Fundraising Expenses $84,916
Program Expenses $378,094
Other Expenses $334,372
TOTAL EXPENSES $524,834

Year-over-Year Comparison

2023 2022 Change
Revenue $396,253 $570,349 -0.3%
Expenses $524,834 $530,742 0.0%
Net Income $-128,581 $39,607 -4.2%
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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Governance

Voting Members
22
Independent Members
22
Employees
10
Volunteers
90

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
1
$0
Total Directors
23
$43,828
Key Employees
1
$43,828
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy Olson Director 60
Director Key Emp Highest
$43,828 $0 $43,828
Suzi Bartholomy Trustee 2
Director
$0 $0 $0
Kevin Dorth Trustee 2
Director
$0 $0 $0
Ed Allen Trustee 4
Director
$0 $0 $0
Mary Kinney Chair 4
Officer Director
$0 $0 $0
Dr Don Bryant Trustee 2
Director
$0 $0 $0
Grady Ebelhar Trustee 2
Director
$0 $0 $0
Ashlie Hurley Trustee 2
Director
$0 $0 $0
Dr Bill Jansing Trustee 2
Director
$0 $0 $0
David Kelly Trustee 2
Director
$0 $0 $0
Denny Miles Trustee 2
Director
$0 $0 $0
Scott Taylor Trustee 2
Director
$0 $0 $0
Debra Thacker Trustee 2
Director
$0 $0 $0
Dr Rebecca Francis Trustee 2
Director
$0 $0 $0
Dr Phil Hurley Trustee 2
Director
$0 $0 $0
Dr Ashley K Johnson Trustee 2
Director
$0 $0 $0
Matthew Johnson Trustee 2
Director
$0 $0 $0
Molly McCarroll Trustee 2
Director
$0 $0 $0
Aloma Dew Trustee 2
Director
$0 $0 $0
Wayne Baker Trustee 2
Director
$0 $0 $0
John Dawson Trustee 2
Director
$0 $0 $0
Marshall Sanders Trustee 2
Director
$0 $0 $0
Rebecca Whitehead Trustee 2
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
2025 No data No data No data No data
2024 $396,253 $524,834 $1,244,507 $-128,581
2023 $570,349 $530,742 $1,329,137 $39,607
2022 $520,391 $427,074 $1,246,200 $93,317
2021 $260,844 $360,070 $1,267,883 $-99,226
2020 $290,444 $284,827 $1,312,731 $5,617
2019 $396,851 $521,200 $1,728,038 $-124,349
2018 $449,946 $525,785 $1,805,657 $-75,839
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