FARMINGTON MUSEUM FOUNDATION INC (EIN 850334371) - 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

2005

Legal Domicile

Principal Officer

DOUG DYKEMAN

Phone

5055991173

Tax Period

2024-07-01 to 2025-06-30

FARMINGTON MUSEUM FOUNDATION INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $245K in total revenue in fiscal year 2024. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $111K, a strong 45% operating margin.

Mission

TO PROVIDE FUNDING AND RESEARCH FOR MUSEUM EXHIBITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $126,917

Program Service Revenue $0

Investment Income $1,348

Other Revenue $116,587

TOTAL REVENUE $244,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,767

Fundraising Expenses $637

Program Expenses $117,064

Other Expenses $124,297

TOTAL EXPENSES $134,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,852	$103,243	+1.4%
Expenses	$134,064	$173,081	-0.2%
Net Income	$110,788	$-69,838	-2.6%

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

N/A

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
DOUG DYKEMAN	PRESIDENT	30.00	Officer Director	$0	$0	$0
OLENA ERICKSON	TREASURER EL	30.00	Officer Director	$0	$0	$0
PENNY JEW	SECRETARY	10.00	Officer Director	$0	$0	$0
DAVE BEAVERS	DIRECTOR	2.00	Director	$0	$0	$0
KATHY HOGAN	DIRECTOR	2.00	Director	$0	$0	$0
REBECCA MAYO	DIRECTOR	2.00	Director	$0	$0	$0
HALI MEADOR	DIRECTOR	2.00	Director	$0	$0	$0
STEVE NELSON	DIRECTOR	2.00	Director	$0	$0	$0
GERRY STUCKUM	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
2025	$244,852	$134,064	$1,264,653	$110,788
2024	$103,243	$173,081	$1,271,175	$-69,838
2023	$41,490	$286,112	$1,335,939	$-244,622
2022	$50,926	$104,602	$1,203,901	$-53,676
2021	$157,685	$11,612	$1,260,640	$146,073
2020	$-22,185	$29,258	$1,114,567	$-51,443

FARMINGTON MUSEUM FOUNDATION INC