HOUSTON FIRE MUSEUM INC (EIN 760180163) - 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

1980

Legal Domicile

Principal Officer

THOMAS MCDONALD

Phone

7135242526

Tax Period

2023-01-01 to 2023-12-31

HOUSTON FIRE MUSEUM INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $787K in total revenue in fiscal year 2023. The organization ran a surplus of $349K, a strong 44% operating margin.

Mission

HFM PRESENTS EXHIBITS THAT ARE TANGIBLE EXPRESSIONS OF THE HISTORY OF THE HOUSTON FIRE SERVICES. OUR GOAL IS TO ENTERTAIN, EDUCATE AND ALLOW VISITORS TO DISCOVER THEIR OWN ROLE IN FIRE SAFETY AND PREVENTION.

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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 $508,726

Program Service Revenue $0

Investment Income $233,867

Other Revenue $44,247

TOTAL REVENUE $786,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $248,848

Fundraising Expenses $0

Program Expenses $299,107

Other Expenses $188,819

TOTAL EXPENSES $437,667

Year-over-Year Comparison

	2023	2022	Change
Revenue	$786,840	$807,324	0.0%
Expenses	$437,667	$417,331	+0.0%
Net Income	$349,173	$389,993	-0.1%

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

$154,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MCDONALD	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK FLANAGAN	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL BYINGTON	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANE KOPFENSTEINER	SECRETARY	1.00	Officer Director	$0	$0	$0
BILL EDGE	TREASURER	1.00	Officer Director	$0	$0	$0
JAY EVANS	DIRECTOR	1.00	Director	$0	$0	$0
DR THOMAS D GREIDER	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE RYTHER	EXECUTIVE DIRECTOR	40.00	Officer	$154,620	$0	$154,620

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	$786,840	$437,667	$9,292,072	$349,173
2022	$807,324	$417,331	$8,951,202	$389,993
2021	$1,556,258	$415,613	$8,743,994	$1,140,645
2020	$820,113	$424,599	$7,425,469	$395,514
2019	$613,168	$390,163	$7,614,458	$223,005
2018	$415,112	$486,761	$6,916,440	$-71,649

HOUSTON FIRE MUSEUM INC