IDABEL MUSEUM SOCIETY INC (EIN 731531643) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

HENRY MOY

Phone

5802863616

Tax Period

2024-01-01 to 2024-12-31

IDABEL MUSEUM SOCIETY INC, founded in 1997, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $851K, a strong 53% operating margin.

Mission

TO PROVIDE EXCLUSIVE SUPPORT AND BENEFITS TO THE CITY OF IDABEL'S MUSEUM OF THE RED RIVER IN IDABEL, OKLAHOMA.

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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 $440,126

Program Service Revenue $0

Investment Income $1,046,118

Other Revenue $119,392

TOTAL REVENUE $1,605,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,276

Fundraising Expenses $0

Program Expenses $596,326

Other Expenses $361,267

TOTAL EXPENSES $754,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,605,636	$914,642	+0.8%
Expenses	$754,543	$671,723	+0.1%
Net Income	$851,093	$242,919	+2.5%

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

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

$82,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY PETRE	BOARD PRESIDENT	0.00	Director	$0	$0	$0
SANDRA JACKSON	BOARD MEMBER	0.00	Director	$0	$0	$0
LINDSEY CAMPBELL	BOARD MEMBER	0.00	Director	$0	$0	$0
DR ROBERT BROOKS	BOARD MEMBER	0.00	Director	$0	$0	$0
CAROLYNN NEAL	BOARD TREASURER	0.00	Director	$0	$0	$0
JOHN RAMSEY	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY WALKER	BOARD MEMBER	0.00	Director	$0	$0	$0
CRAIG YOUNG	MAYOR OF IDABEL	0.00	Director	$0	$0	$0
CHERYLN TOWNSEND	BOARD MEMBER	0.00	Director	$0	$0	$0
HENRY MOY	MUSEUM DIRECTOR	40.00	Officer	$82,500	$0	$82,500

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	$1,605,636	$754,543	$12,319,367	$851,093
2023	$914,642	$671,723	$11,501,096	$242,919
2022	$2,360,671	$712,224	$11,097,979	$1,648,447
2021	$1,751,109	$616,859	$12,818,695	$1,134,250
2020	$1,075,775	$849,524	$11,740,324	$226,251
2019	$1,129,464	$2,469,824	$12,285,312	$-1,340,360
2018	$1,159,434	$2,169,810	$11,805,938	$-1,010,376

IDABEL MUSEUM SOCIETY INC