TEXAS FIRE MUSEUM INC (EIN 752836280) - 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

1999

Legal Domicile

Principal Officer

ED HAWTHORNE

Phone

2142671867

Tax Period

2024-01-01 to 2024-12-31

TEXAS FIRE MUSEUM INC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $343K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 9% surplus.

Mission

THE ORGANIZATION OPERATES A FIRE MUSEUM AND ALSO MAINTAINS, REPAIRS AND RESTORES HISTORIC FIRE VEHICLES AND RELATED EQUIPMENT FOR VARIOUS FIRE DEPARTMENTS LOCATED AROUND THE COUNTRY.

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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 $340,484

Program Service Revenue $0

Investment Income $2,392

Other Revenue $0

TOTAL REVENUE $342,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $168,750

Fundraising Expenses $0

Program Expenses $279,671

Other Expenses $143,310

TOTAL EXPENSES $312,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$342,876	$266,814	+0.3%
Expenses	$312,060	$271,477	+0.1%
Net Income	$30,816	$-4,663	-7.6%

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	Role	Reportable Comp	Other Comp	Total
BILL MADDOX	BOARD MEMBER	Director	$0	$0	$0
JIM POLIS	BOARD MEMBER	Director	$0	$0	$0
BRIAN WOOD	BOARD MEMBER	Director	$0	$0	$0
WALLY COX	BOARD MEMBER	Director	$0	$0	$0
KEN WILSON	BOARD MEMBER	Director	$0	$0	$0
JOHN BELKNAP	BOARD MEMBER	Director	$0	$0	$0
WILLIAM CARROLL	TREAS	Officer Director	$0	$0	$0
ED HAWTHORNE	PRES	Officer Director	$0	$0	$0
KEITH KELLY	VP	Officer Director	$0	$0	$0
MARIO SILVA	VP	Officer Director	$0	$0	$0
GENE CONWAY	SEC	Officer 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	$342,876	$312,060	$322,194	$30,816
2023	$266,814	$271,477	$265,365	$-4,663
2022	$252,940	$224,124	$255,525	$28,816
2021	$277,747	$196,397	$237,175	$81,350

TEXAS FIRE MUSEUM INC