YAKIMA VALLEY MUSEUM & HISTORICAL … - Form 990 Financial Data

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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

1951

Legal Domicile

Principal Officer

Liz Hobson

Phone

5092480747

Tax Period

2024-10-01 to 2025-09-30

YAKIMA VALLEY MUSEUM & HISTORICAL ASSOC, founded in 1951, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 17% operating deficit.

Mission

The Yakima Valley Museum preserves the rich history and unique culture of the Yakima Valley and makes history accessible to all audiences through operations of the museum, collecting and stewarding artifacts, presenting exhibits and public programs, and providing educational opportunities that reflect all members of the community. The Museum attracts visitors locally and those traveling through the region and serves students from around the Yakima Valley in different grade levels with engaging educational opportunities. The Yakima Valley Museum also continues the legacy of Justice William O. Douglas through public programs and exhibitions.

Program Service Accomplishments

Program 1

Expenses: $443,734 Revenue: $98,108

The Yakima Valley Museum is a regional history museum that tells the stories of the Central Washington region through robust permanent and special exhibitions that showcase artifacts to educate...

The Yakima Valley Museum is a regional history museum that tells the stories of the Central Washington region through robust permanent and special exhibitions that showcase artifacts to educate audiences about our past, presentation of public programs related to regional history and culture, and collection and preservation of the Yakima Valley's material culture.

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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 $748,180

Program Service Revenue $98,108

Investment Income $283,963

Other Revenue $49,654

TOTAL REVENUE $1,179,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $529,199

Fundraising Expenses $47,799

Program Expenses $443,734

Other Expenses $850,636

TOTAL EXPENSES $1,379,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,179,905	$1,638,168	-0.3%
Expenses	$1,379,835	$1,290,917	+0.1%
Net Income	$-199,930	$347,251	-1.6%

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

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

$120,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Hobson	Executive Dir.	40.00	Officer	$90,081	$7,912	$97,993
PETER ARNOLD	Ex Officio	40.00	Officer	$22,000	$660	$22,660
Sharon Smith	Trustee	1.00	Director	$0	$0	$0
Janice Ridgway	Trustee	1.00	Director	$0	$0	$0
Ed Marquand	Trustee	1.00	Director	$0	$0	$0
BARBARA GREENBERG	Trustee	1.00	Director	$0	$0	$0
SALLY TONKIN	Trustee	1.00	Director	$0	$0	$0
SALLY KRANSBERGER	Trustee	1.00	Director	$0	$0	$0
BETTY STRAND	Trustee	1.00	Director	$0	$0	$0
CURTIS SUNDQUIST	Trustee	1.00	Director	$0	$0	$0
CARRIE MOORE	Sec./Treas.	2.00	Officer Director	$0	$0	$0
BETTE TAYLOR	Trustee	1.00	Director	$0	$0	$0
DAVIS WASHINES	Trustee	1.00	Director	$0	$0	$0
Diane Patterson	Trustee	1.00	Director	$0	$0	$0
AKBAR REZAIE	Trustee	1.00	Director	$0	$0	$0
ANN WILLIS	Trustee	1.00	Director	$0	$0	$0
George Allan	Trustee	1.00	Director	$0	$0	$0
Tyler Beauchamp	Trustee	1.00	Director	$0	$0	$0
CRAGG GILBERT	PRESIDENT	2.00	Officer Director	$0	$0	$0
BERTHA ORTEGA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS HULL	Trustee	1.00	Director	$0	$0	$0
NANCY KENMOTSU	PAST President	2.00	Officer Director	$0	$0	$0
JUANA REZAIE	Trustee	1.00	Director	$0	$0	$0
Erin Black	Trustee	1.00	Director	$0	$0	$0
Leslie Wahl	Trustee	1.00	Director	$0	$0	$0
Dana Kovats	Trustee	1.00	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	$1,179,905	$1,379,835	$10,866,170	$-199,930
2024	$1,638,168	$1,290,917	$10,583,300	$347,251
2023	$1,750,109	$1,248,968	$9,487,929	$501,141
2022	$1,589,706	$1,062,591	$8,504,178	$527,115
2021	$1,269,577	$992,771	$9,407,246	$276,806
2020	$1,071,519	$921,245	$8,732,444	$150,274
2019	$833,540	$997,530	$8,404,421	$-163,990
2018	$732,540	$942,237	$8,519,589	$-209,697

YAKIMA VALLEY MUSEUM & HISTORICAL ASSOC