THE WHALE MUSEUM

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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

Principal Officer

RICHARD OSBORNE PHD

Phone

3603784710

Tax Period

2024-01-01 to 2024-12-31

THE WHALE MUSEUM, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE WHALE MUSEUM'S MISSION IS TO PROMOTE STEWARDSHIP OF WHALES AND THE SALISH SEA ECOSYSTEM THROUGH EDUCATION AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $1,247,267 Revenue: $224,806

CONSERVATION AND STEWARDSHIP OF THE SALISH SEA AND ITS WILDLIFE. IN 2024 THE NUMBER OF VISITORS WHO TOURED THE MUSEUM WAS APPROXIMATELY 28,965. SCIENTIFIC RESEARCH PROGRAMS INCLUDED SOUNDWATCH, SAN JUAN COUNTY MARINE MAMMAL STRANDING NETWORK, THE WHALE HOTLINE AND SIGHTINGS NETWORK. SOUNDWATCH OPERATED ON THE WATER FROM MAY-SEPTEMBER MONITORING MARINE MAMMALS AND CONTACTING PEOPLE IN EDUCATIONAL OUTREACH. SAN JUAN COUNTY MARINE MAMMAL STRANDING NETWORK RESPONDED TO STRANDING CALLS, COMPLETED FIELD INVESTIGATIONS, CONDUCTED NECROPSIES ON DECEASED MARINE MAMMALS, AND GAVE SEVERAL PRESENTATIONS IN LOCAL COMMUNITIES AND CLASSROOMS ON SALISH SEA MARINE MAMMOLOGY.

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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 $721,786

Program Service Revenue $224,806

Investment Income $2,115

Other Revenue $117,864

TOTAL REVENUE $1,066,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,030,017

Fundraising Expenses $145,882

Program Expenses $1,247,267

Other Expenses $428,718

TOTAL EXPENSES $1,458,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,066,571	$1,310,920	-0.2%
Expenses	$1,458,735	$1,308,686	+0.1%
Net Income	$-392,164	$2,234	-176.5%

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

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

$61,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER SMITH	EXECUTIVE DI	40.00	Officer	$61,308	$0	$61,308
JEANNE SLEEPER	DIRECTOR	0.50	Director	$0	$0	$0
FRANK CREGOR	DIRECTOR	0.50	Director	$0	$0	$0
FRANCES ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
JILL SHEDD	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD OSBORNE PHD	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANTE AUBERT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NANCY HEACOX	TREASURER	1.00	Officer Director	$0	$0	$0
SHELLEY ALAN	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2024	$1,066,571	$1,458,735	$815,890	$-392,164
2023	$1,310,920	$1,308,686	$1,222,229	$2,234
2022	$1,089,925	$1,097,494	$1,258,228	$-7,569
2021	$1,417,051	$1,039,365	$1,285,529	$377,686
2020	$950,514	$924,510	$1,079,112	$26,004
2019	$961,145	$887,954	$952,792	$73,191
2018	$957,826	$879,210	$883,248	$78,616