AGRICULTURE HERITAGE MUSEUM INC

EIN: 752940167 501(c)(3) Arts, Culture & Humanities

LUBBOCK, TX

Total Revenue
$2,718,827
Total Expenses
$875,606
Total Assets
$15,061,345
Net Assets
$15,009,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
TX
Principal Officer
LACEE HOELTING
Phone
8067443786
Tax Period
2023-01-01 to 2023-12-31

AGRICULTURE HERITAGE MUSEUM INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.8M, a strong 68% operating margin.

Mission

TO PRESERVE THE HISTORY OF, TELL THE STORY OF, AND INSTILL PRIDE IN AMERICAN AGRICULTURE AND VALUES.

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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 $2,299,834
Program Service Revenue $16,578
Investment Income $348,799
Other Revenue $53,616
TOTAL REVENUE $2,718,827

Expense Breakdown

Grants Paid $0
Salaries & Benefits $205,098
Fundraising Expenses $0
Program Expenses $707,868
Other Expenses $670,508
TOTAL EXPENSES $875,606

Year-over-Year Comparison

2023 2022 Change
Revenue $2,718,827 $3,369,810 -0.2%
Expenses $875,606 $621,681 +0.4%
Net Income $1,843,221 $2,748,129 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
11
Volunteers
55

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
5
$83,924
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN TAYLOR PRESIDENT 30.00
Officer Director
$0 $0 $0
CURTIS GRIFFITH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PATTI JONES SECRETARY 3.50
Officer Director
$0 $0 $0
STANLEY YOUNG TREASURER 30.00
Officer Director
$0 $0 $0
RON CHANDLER DIRECTOR 1.00
Director
$0 $0 $0
VIC COKER DIRECTOR 1.00
Director
$0 $0 $0
SHELLEY HEINRICH DIRECTOR 1.00
Director
$0 $0 $0
TERRY HURST DIRECTOR 1.00
Director
$0 $0 $0
CHRIS JACKSON DIRECTOR 1.00
Director
$0 $0 $0
MIKE METZIG DIRECTOR 1.00
Director
$0 $0 $0
STEVE MOFFETT DIRECTOR 1.00
Director
$0 $0 $0
DALE SWINBURN DIRECTOR 1.00
Director
$0 $0 $0
JASON GANDY DIRECTOR 1.00
Director
$0 $0 $0
CHAD PICKERING DIRECTOR 1.00
Director
$0 $0 $0
DAN SMITH DIRECTOR 1.00
Director
$0 $0 $0
LLOYD ARTHUR DIRECTOR 0.50
Director
$0 $0 $0
CHRIS BERRY DIRECTOR 1.00
Director
$0 $0 $0
TODD STRALEY DIRECTOR 1.00
Director
$0 $0 $0
TOMMY WOOLAM JAN DIRECTOR 1.00
Director
$0 $0 $0
WAYNE RUSH DIRECTOR 1.00
Director
$0 $0 $0
LACEE HOELTING EXECUTIVE DIRECTOR 45.00
Officer
$80,484 $3,440 $83,924
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 No data No data No data No data
2023 $2,718,827 $875,606 $15,061,345 $1,843,221
2022 $3,369,810 $621,681 $13,214,949 $2,748,129
2021 $2,483,831 $614,304 $10,466,812 $1,869,527
2020 $993,438 $580,139 $8,593,160 $413,299
2019 $778,474 $611,880 $8,180,139 $166,594
2018 $502,743 $562,785 $8,007,337 $-60,042
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