Heritage Museum of Montgomery County (EIN 760152651) - 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

1985

Legal Domicile

Principal Officer

Thomas Sellars

Phone

9365396873

Tax Period

2023-05-01 to 2024-04-30

Heritage Museum of Montgomery County, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $142K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $172K exceeded revenue, resulting in a 21% operating deficit.

Mission

The museum promotes the rich historical and cultural heritage of the community by collecting, preserving, and exhibiting articles of significance to the history of the county and performs numerous community events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $120,505

Program Service Revenue $9,115

Investment Income $10,687

Other Revenue $2,095

TOTAL REVENUE $142,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,735

Fundraising Expenses $0

Program Expenses $132,013

Other Expenses $113,262

TOTAL EXPENSES $171,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,402	$161,923	-0.1%
Expenses	$171,997	$139,589	+0.2%
Net Income	$-29,595	$22,334	-2.3%

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

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

$20,946

Total Directors

$20,946

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Suann Hereford	Executive Director	040.00	Officer Director	$20,946	$0	$20,946
Gloria White	President	005.00	Officer Director	$0	$0	$0
George Williamson	Vice-President	005.00	Officer Director	$0	$0	$0
Thomas Sellars	Treasurer	005.00	Officer Director	$0	$0	$0
Nancy Kolb	Recording Secretary	005.00	Officer Director	$0	$0	$0
Vera Wells	Corresponding Secretary	005.00	Officer Director	$0	$0	$0
Joe Kolb	Past President	002.00	Officer Director	$0	$0	$0
Mark Boyll	Director	002.00	Director	$0	$0	$0
Ann Marie Hopkins	Director	002.00	Director	$0	$0	$0
Celeste Howell	Director	002.00	Director	$0	$0	$0
Martha Lily	Director	002.00	Director	$0	$0	$0
Linda Luehrs-Wolfe	Director	002.00	Director	$0	$0	$0
Jo Carol Oberman	Director	002.00	Director	$0	$0	$0
Steve Propp	Director	002.00	Director	$0	$0	$0
Judy Robert	Director	002.00	Director	$0	$0	$0
Ron Saikowski	Director	002.00	Director	$0	$0	$0
Steve Scheffler	Director	002.00	Director	$0	$0	$0
Gertie Spencer	Director	002.00	Director	$0	$0	$0
Carolyn Walker	Director	002.00	Director	$0	$0	$0
Laney Whiteman	Director	002.00	Director	$0	$0	$0
Homer Wilson	Director	002.00	Director	$0	$0	$0
Rita Wiltz	Director	002.00	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
2025	No data	No data	No data	No data
2024	$142,402	$171,997	$359,344	$-29,595
2023	$161,923	$139,589	$370,948	$22,334
2022	$204,809	$146,703	$345,810	$58,106

Heritage Museum of Montgomery County