FRIENDS OF THE LONGMONT MUSEUM (EIN 841017335) - 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

BRIAN ALLARD

Phone

3036518374

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE LONGMONT MUSEUM, founded in 1985, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 2308% from the prior year, signaling strong growth momentum. The organization ran a surplus of $756K, a strong 61% operating margin.

Mission

TO PROMOTE THE KNOWLEDGE AND UNDERSTANDING OF HISTORY, ARTS, AND THE SCIENCES THROUGH ACTIVE SUPPORT OF THE LONGMONT MUSEUM AND TO ENCOURAGE PUBLIC INVOLVEMENT AND FINANCIAL SUPPORT TO THE MUSEUM AND ITS CULTURAL ACTIVITIES.

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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 $1,320,053

Program Service Revenue $0

Investment Income $-87,614

Other Revenue $0

TOTAL REVENUE $1,232,439

Expense Breakdown

Grants Paid $412,636

Salaries & Benefits $0

Fundraising Expenses $42,383

Program Expenses $414,394

Other Expenses $63,927

TOTAL EXPENSES $476,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,232,439	$51,186	+23.1%
Expenses	$476,563	$51,377	+8.3%
Net Income	$755,876	$-191	-3958.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN ALLARD	PRESIDENT	8.00	Officer Director	$0	$0	$0
KENT JAKOBSEN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
REBECCA CHAVEZ	SECRETARY	5.00	Officer Director	$0	$0	$0
SAM CREIGHTON	TREASURER	5.00	Officer Director	$0	$0	$0
KENA GUTTRIDGE	DIRECTOR	2.00	Director	$0	$0	$0
ELVIRA RAMOS	DIRECTOR	2.00	Director	$0	$0	$0
BLAKE WELCH	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$1,232,439	$476,563	$2,535,712	$755,876
2022	$51,186	$51,377	$1,549,390	$-191
2021	$1,279,114	$23,606	$1,756,517	$1,255,508
2020	$213,248	$76,399	$476,198	$136,849
2019	$124,750	$81,035	$323,156	$43,715
2018	$49,332	$94,115	$252,518	$-44,783

FRIENDS OF THE LONGMONT MUSEUM