OLD INDEPENDENCE REGIONAL MUSEUM

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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

Legal Domicile

Phone

8707932121

Tax Period

2024-01-01 to 2024-12-31

OLD INDEPENDENCE REGIONAL MUSEUM is a small nonprofit in the Arts, Culture & Humanities sector that reported $190K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $1.4M represent 90 months of operating reserves.

Mission

TO SERVE THE GENERAL PUBLIC THROUGH PROVISION OF PREHISTORIC AND HISTORICAL INFORMATION ABOUT INDEPENDENCE COUNTY AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1

Expenses: $119,791

SERVES THE GENERAL PUBLIC THROUGH PROVISION OF PREHISTORIC AND HISTORICAL INFORMATION ABOUT INDEPENDENCE COUNTY AND THE SURROUNDING 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $150,088

Program Service Revenue $0

Investment Income $33,172

Other Revenue $6,471

TOTAL REVENUE $189,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,427

Fundraising Expenses $0

Program Expenses $119,791

Other Expenses $137,121

TOTAL EXPENSES $190,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,731	$207,554	-0.1%
Expenses	$190,548	$193,454	0.0%
Net Income	$-817	$14,100	-1.1%

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

$36,040

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY SHONK	MUSEUM DIRECTOR	40.00	Officer	$36,040	$0	$36,040
LAURA REED	ADMINISTRATIVE ASSISTANT	40.00		$7,392	$0	$7,392
SANDY WEST	Director	1.00	Director	$0	$0	$0
BLAYNE STEWART	Director	1.00	Director	$0	$0	$0
AMY HOWARD	Director	1.00	Officer Director	$0	$0	$0
AMY MURPHREE	Vice President	1.00	Director	$0	$0	$0
GLENDA MARTIN	Director	1.00	Director	$0	$0	$0
AMANDA CRIDER	Director	1.00	Director	$0	$0	$0
KAY SOUTHERLAND	Director	1.00	Director	$0	$0	$0
CAROLYN BUCHANAN	Director	1.00	Director	$0	$0	$0
KENNY GERHARDT	Treasurer	1.00	Officer Director	$0	$0	$0
JASON KENNEDY	Secretary	1.00	Director	$0	$0	$0
LANDON REEVES	Director	1.00	Officer Director	$0	$0	$0
SONYA RUCKER	Director	1.00	Director	$0	$0	$0
LUCY HARPER	Director	1.00	Director	$0	$0	$0
BRIAN COLTHARP	Director	1.00	Director	$0	$0	$0
JAMES STURCH	President	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	$189,731	$190,548	$1,426,636	$-817
2023	$207,554	$193,454	$1,408,791	$14,100
2022	$231,658	$183,285	$1,374,155	$48,373
2021	$207,075	$212,773	$1,379,640	$-5,698
2020	$117,146	$127,915	$1,343,809	$-10,769
2019	$108,038	$141,332	$1,338,269	$-33,294
2018	$173,960	$142,245	$1,330,508	$31,715