Hoquiam, WA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
The mission of the Polson Museum is to preserve, promote and present the material, written and photographic history of Grays Harbor County, Washington. The main museum, library, archives and collections storage areas are located within the 26-room, 1924 mansion of timber-heir Arnold Polson. The Polson's Railroad Camp exhibit space, adjacent Hubble House, and Laubach Shop further the museum's mission by providing education, exhibition, collection storage and restoration spaces.
Regular, ongoing work to maintain, update and create new permanent and temporary exhibits pertaining to the history of Grays Harbor County, Washington. Such work includes the active maintenance...
Regular, ongoing work to maintain, update and create new permanent and temporary exhibits pertaining to the history of Grays Harbor County, Washington. Such work includes the active maintenance, acquisition and cataloging of historical collections for exhibition, educational and research purposes. Work also includes the general administration and operation of the museum. Following the COVID-19 pandemic closure requirements of 2020 and into 2021, the museum decided to institute our own closure during the first three months of 2022 to continue restoring the public areas of our 1924 mansion and begin creating new exhibits throughout the museum.
Work to restore "Hubble House" a 1915 Japanesque Craftsman bungalow at 1607 Riverside Ave., Hoquiam, WA continued despite volunteers and staff devoting more time to restoration of our mansion's...
Work to restore "Hubble House" a 1915 Japanesque Craftsman bungalow at 1607 Riverside Ave., Hoquiam, WA continued despite volunteers and staff devoting more time to restoration of our mansion's interior. Work here during 2022 slowed given that we focused attention on exhibit work inside the main museum. Addtional wiring was added along with skirting around the exterior of the building and a clean up of the foundation area (new vapor barrier and repair of insulation being the main accomplishments underneath). When completed, the building will serve as collections storage for the museum's paper-based collections, be available as a public meeting space in the common areas, and be a dedicated woodworking shop in the garage.
Photographic scanning and archiving. This multi-year effort continued with more catch up to process new collections that have come into the museum's permanent collection. Images were scanned...
Photographic scanning and archiving. This multi-year effort continued with more catch up to process new collections that have come into the museum's permanent collection. Images were scanned, identified and sleeved for proper storage as well as information added to our collections database.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare POLSON PARK AND MUSEUM HISTORICAL SOCIETY with other nonprofits in Washington and across the country.