POLSON PARK AND MUSEUM HISTORICAL SOCIETY

EIN: 910969501 501(c)(3)

Hoquiam, WA

Total Revenue
$119,052
Total Expenses
$174,379
Total Assets
$959,904
Net Assets
$959,904
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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
1976
Legal Domicile
WA
Principal Officer
John Larson
Phone
3605335862
Tax Period
2022-01-01 to 2022-12-31

POLSON PARK AND MUSEUM HISTORICAL SOCIETY, founded in 1976, is a small nonprofit that reported $119K in total revenue in fiscal year 2022. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 46% operating deficit.

Mission

The mission of the Polson Museum is to preserve, promote and present the material, written and photographic history of Grays Harbor County, Washington.

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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 (2022)

Revenue Breakdown

Contributions & Grants $68,128
Program Service Revenue $13,852
Investment Income $20,861
Other Revenue $16,211
TOTAL REVENUE $119,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $124,092
Fundraising Expenses $20,531
Program Expenses $88,083
Other Expenses $50,287
TOTAL EXPENSES $174,379

Year-over-Year Comparison

2022 2021 Change
Revenue $119,052 $276,066 -0.6%
Expenses $174,379 $183,245 0.0%
Net Income $-55,327 $92,821 -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

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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
25

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
0
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Larson Executive Director 40
Highest
$62,000 $5,000 $67,000
Gloria Callaghan Board Member 1
Director
$0 $0 $0
Larry Jones Board Member 1
Director
$0 $0 $0
Diane Muir Board Member 1
Director
$0 $0 $0
Kathy Quigg Board Member 1
Director
$0 $0 $0
Joyce Thomasson Board Member 1
Director
$0 $0 $0
Lee Thomasson Board Member 2
Director
$0 $0 $0
Bill Wieland Board Member 1
Director
$0 $0 $0
Irene Kennedy Board Member 32
Director
$0 $0 $0
Moira Connor Board Member 1
Director
$0 $0 $0
Norm Callaghan Jr Vice President 1
Director
$0 $0 $0
Ron Loomis President 2
Director
$0 $0 $0
JoAnn Brown Treasurer 1
Director
$0 $0 $0
Curtis Steinhauer Secretary 1
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 No data No data No data No data
2022 $119,052 $174,379 $959,904 $-55,327
2021 $276,066 $183,245 $1,214,906 $92,821
2020 $201,703 $193,574 $1,064,029 $8,129
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