Oregon Military Museum Project

EIN: 810904009 501(c)(3) Arts, Culture & Humanities

Portland, OR

Total Revenue
$8,263
Total Expenses
$957,476
Total Assets
$246,471
Net Assets
$246,471
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
OR
Principal Officer
Victor Lam
Phone
5039987577
Tax Period
2019-01-01 to 2019-12-31

Oregon Military Museum Project, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $8K in total revenue in fiscal year 2019. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $957K exceeded revenue, resulting in a 11488% operating deficit.

Mission

The corporation, the Oregon Military Museum Project (OMMP), is organized to carry out the following activities and mission: (1) to complete the construction and exhibits, and prepare future operations of Oregon Military Museum (hereinafter the OMM); including with cooperation from the Oregon Military Department and private donors; and (2) to build and nurture essential relationships with business leaders, community leaders, companies, and corporations in the Pacific Northwest and the wider region to raise funds necessary to complete construction of the OMM. The secondary objective of OMMP is to formulate a long-term plan to sustain the OMMs future operations, in coordination with the Oregon Military Department and the OMM itself. The organization expects to accomplish this mission through the service of volunteers; solicitation, use and administering of gifts, grants, bequests, contributions, and devises for the foregoing purposes; and, engagement in any and all lawful activities incid

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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 (2019)

Revenue Breakdown

Contributions & Grants $7,777
Program Service Revenue $475
Investment Income $883
Other Revenue $-872
TOTAL REVENUE $8,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,000
Fundraising Expenses $21,877
Program Expenses $930,073
Other Expenses $921,476
TOTAL EXPENSES $957,476

Year-over-Year Comparison

2019 2018 Change
Revenue $8,263 $182,124 -1.0%
Expenses $957,476 $88,172 +9.9%
Net Income $-949,213 $93,952 -11.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
N/A
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
8
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amy Maxwell Board Member 0.50
Director
$36,000 $0 $36,000
Gary Clark Board Member 0.50
Director
$0 $0 $0
Dan O'Hollaren President 0.50
Officer Director
$0 $0 $0
tommy thayer resigned president 0.00
Officer Director
$0 $0 $0
Donald Stastny board member 0.50
Director
$0 $0 $0
Jim Thayer Jr Board Member 0.50
Director
$0 $0 $0
Victor Lam Treasurer 0.50
Officer Director
$0 $0 $0
Vicki Fisher Secretary 0.50
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
2019 $8,263 $957,476 $246,471 $-949,213
2018 $182,124 $88,172 $1,802,023 $93,952
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