FORKS TIMBER MUSEUM (EIN 911223946) - 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

1984

Legal Domicile

Principal Officer

TOM ROSMOND

Phone

3603749663

Tax Period

2023-01-01 to 2023-12-31

FORKS TIMBER MUSEUM, founded in 1984, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $84K in total revenue in fiscal year 2023. Expenses of $93K exceeded revenue, resulting in a 11% operating deficit.

Mission

EDUCATE PUBLIC ABOUT HERITAGE OF THE OLYMPIC PENINSULA EMPHASIZING TIMBER INDUSTRY AND FORESTRY

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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 (2023)

Revenue Breakdown

Contributions & Grants $54,728

Program Service Revenue $25,517

Investment Income $1,722

Other Revenue $1,996

TOTAL REVENUE $83,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,715

Fundraising Expenses $0

Program Expenses $75,046

Other Expenses $63,602

TOTAL EXPENSES $93,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,963	$86,904	0.0%
Expenses	$93,317	$74,915	+0.2%
Net Income	$-9,354	$11,989	-1.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTI BARON	SECRETARY	N/A	Officer Director	$0	$0	$0
GEORGE DHOOGHE	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
RICHARD HALVERSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
GLENN KING	BOARD MEMBER	N/A	Director	$0	$0	$0
JO MARIE MILLER	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM ROSMOND	PRESIDENT	1.00	Officer Director	$0	$0	$0
SANDY SCHIER	ACTING TREAS	N/A	Officer Director	$0	$0	$0
JENNIFER ZACCARDO	BOARD MEMBER	N/A	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	$83,963	$93,317	$823,059	$-9,354
2022	$86,904	$74,915	$832,297	$11,989
2021	$196,139	$79,342	$819,971	$116,797
2020	$48,665	$49,894	$702,866	$-1,229
2019	$92,562	$58,808	$704,297	$33,754
2018	$115,619	$49,495	$670,569	$66,124

FORKS TIMBER MUSEUM