WESTERN MUSEUM OF MINING & INDUSTRY (EIN 840603781) - 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

1970

Legal Domicile

Principal Officer

WOODWARD BROWN

Phone

7194880880

Tax Period

2023-01-01 to 2023-12-31

WESTERN MUSEUM OF MINING & INDUSTRY, founded in 1970, is a small nonprofit in the Arts, Culture & Humanities sector that reported $515K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 25 months of operating reserves.

Mission

EDUCATE THE PUBLIC ABOUT THE CONTRIBUTIONS AND HISTORY MINING; AND PROVIDE STEM WORK THROUGH CLASSES, TOURS, MOVIES, EVENTS AND MORE ON OUR COMMUNITY CULTURAL CAMPUS.

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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 $81,858

Program Service Revenue $175,993

Investment Income $32,088

Other Revenue $224,579

TOTAL REVENUE $514,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $324,748

Fundraising Expenses $19,530

Program Expenses $425,449

Other Expenses $183,500

TOTAL EXPENSES $508,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,518	$471,766	+0.1%
Expenses	$508,248	$520,316	0.0%
Net Income	$6,270	$-48,550	-1.1%

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

$86,793

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WOODWARD BROWN	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANNE REITAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
KARL DOUG HERING	TREASURER	2.00	Officer Director	$0	$0	$0
RANDALL LEIFER	SECRETARY	2.00	Officer Director	$0	$0	$0
TIMOTHY PREIBE	TRUSTEE	2.00	Director	$0	$0	$0
GRANT DEWEY	EXECUTIVE DI	55.00	Officer	$84,633	$2,160	$86,793

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	$514,518	$508,248	$1,113,816	$6,270
2022	$471,766	$520,316	$1,106,174	$-48,550
2021	$640,252	$785,474	$1,159,315	$-145,222
2020	$467,997	$504,637	$1,303,992	$-36,640
2019	$370,465	$411,177	$1,338,808	$-40,712
2018	$1,349,065	$514,207	$1,368,996	$834,858

WESTERN MUSEUM OF MINING & INDUSTRY