WESTERN FOREST INDUSTRIES MUSEUM (EIN 916060485) - 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

1964

Legal Domicile

Principal Officer

BETTY BAUBLITS

Phone

3608324486

Tax Period

2024-01-01 to 2024-12-31

WESTERN FOREST INDUSTRIES MUSEUM, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 254% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 11% surplus.

Mission

TO PRESERVE AND PROMOTE THE HISTORY AND CULTURE OF EARLY PACIFIC NORTHWEST LOGGING AND LOGGING RAILROADS IN BOTH EXHIBIT AND OPERATING FORM. TO FOSTER AN APPRECIATION FOR OUTDOOR ACTIVITIES WHILE PRESERVING AND MAINTAINING THE FREIGHT CORRIDOR.

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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 $204,719

Program Service Revenue $2,881,843

Investment Income $13,585

Other Revenue $116,818

TOTAL REVENUE $3,216,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,010,023

Fundraising Expenses $0

Program Expenses $2,695,328

Other Expenses $1,846,174

TOTAL EXPENSES $2,856,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,216,965	$907,597	+2.5%
Expenses	$2,856,197	$1,113,909	+1.6%
Net Income	$360,768	$-206,312	-2.7%

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

$137,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY BAUBLITS	PRESIDENT	5.00	Officer Director	$0	$0	$0
SETH BOTTCHER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BEVERLY WILSON	SECRETARY/TREASURER	10.00	Officer Director	$0	$0	$0
BYRON ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
HANFORD MCCLOUD	DIRECTOR	1.00	Director	$0	$0	$0
RICH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
BETHAN MAHER	EXECUTIVE DIRECTOR	50.00	Officer	$137,000	$0	$137,000

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	$3,216,965	$2,856,197	$5,492,469	$360,768
2023	$907,597	$1,113,909	$5,210,987	$-206,312
2022	$3,722,731	$225,456	$5,075,419	$3,497,275
2021	$31,315	$56,715	$1,545,679	$-25,400
2020	$35,481	$36,565	$1,552,388	$-1,084
2019	$91,124	$129,088	$1,552,615	$-37,964
2018	$181,719	$88,621	$1,592,779	$93,098

WESTERN FOREST INDUSTRIES MUSEUM