THE SHERMAN MUSEUM

🔒

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

1976

Legal Domicile

Principal Officer

PRESTON DAVIS

Phone

9038937623

Tax Period

2024-01-01 to 2024-12-31

THE SHERMAN MUSEUM, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $209K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $245K exceeded revenue, resulting in a 17% operating deficit.

Mission

PRESERVATION AND EDUCATION OF HISTORY AND HISTORICAL ITEMS OF INTEREST FOR THE CITIZENS AND VISITORS OF SHERMAN, TX.

Program Service Accomplishments

Program 1

Expenses: $245,085 Revenue: $197,455

PRESERVATION AND EDUCATION OF HISTORY AND HISTORICAL ITEMS OF INTEREST FOR THE CITIZENS AND VISITORS OF SHERMAN, TX.

🔒

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 $197,455

Program Service Revenue $0

Investment Income $3,022

Other Revenue $8,989

TOTAL REVENUE $209,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,893

Fundraising Expenses $0

Program Expenses $245,085

Other Expenses $161,192

TOTAL EXPENSES $245,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,466	$130,304	+0.6%
Expenses	$245,085	$151,524	+0.6%
Net Income	$-35,619	$-21,220	+0.7%

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

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
DICKIE GERIG	Trustee	3.00	Director	$0	$0	$0
MELISSA EASON	Trustee	0.00	Director	$0	$0	$0
SHERRY CAVANAUGH	Trustee	0.00	Director	$0	$0	$0
SHIRLEY CLARK	Trustee	1.00	Director	$0	$0	$0
NORA CLINE	Trustee	0.00	Director	$0	$0	$0
JEANETTE MAYHUGH	Trustee	0.00	Director	$0	$0	$0
SHERRY COLLINS	Trustee	0.00	Director	$0	$0	$0
RUTH ANN RUNNELS	Trustee	0.00	Director	$0	$0	$0
LINDA TURNER	Trustee	0.00	Director	$0	$0	$0
AARON BUCY	Vice President	0.00	Officer	$0	$0	$0
SUSAN STEPHENS	Vice President	2.00	Officer	$0	$0	$0
PRESTON DAVIS	President	1.00	Officer	$0	$0	$0
CHRISTOPHER MANIET	Secretary	0.00	Officer	$0	$0	$0
GAYLA HAWKINS	Treasurer	1.00	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
2024	$209,466	$245,085	$464,755	$-35,619
2023	$130,304	$151,524	$485,390	$-21,220
2022	$92,511	$132,080	$488,401	$-39,569
2021	$116,436	$127,343	$561,675	$-10,907
2020	$83,048	$133,523	$550,050	$-50,475