MUSEUMS ALASKA INC

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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

1983

Legal Domicile

Principal Officer

DIXIE CLOUGH

Phone

9073714348

Tax Period

2024-01-01 to 2024-12-31

MUSEUMS ALASKA INC, founded in 1983, is a small nonprofit that reported $562K in total revenue in fiscal year 2024.

Mission

MUSEUMS ALASKA SUPPORTS MUSEUMS AND CULTURAL CENTERS IN ALASKA AND ENHANCES PUBLIC UNDERSTANDING OF THEIR VALUE.

Program Service Accomplishments

Program 1

Expenses: $412,217 Revenue: $359,091

OUR AAF AND CMF GRANT PROGRAMS PROVIDE FUNDING TO ORGANIZATIONS TO PURCHASE ART FROM ALASKAN ARTISTS FOR THEIR COLLECTIONS AND TO PAY FOR COLLECTIONS MANAGEMENT-BASED PROGRAMS AND EXPENSES. OUR AANC GRANT PROGRAM PROVIDES TRAVEL FUNDING TO ALASKA NATIVE ARTISTS TO VISIT ALASKA NATIVE MUSEUM COLLECTIONS THAT WILL HELP INSPIRE THEIR ART.

Program 2

Expenses: $41,797 Revenue: $45,779

OUR CONFERENCE WAS HOSTED IN 2024 IN FAIRBANKS TO PROVIDE PROFESSIONAL DEVEOPMENT AND NETWORKING OPPORTUNITIES TO THE MUSEUM COMMUNITY.

Program 3

Expenses: $5,751 Revenue: $2,500

PROFESSIONAL DEVELOPMENT WEBINARS, COHORTS, WORKSHOPS, AND NETWORKING.

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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 $75,189

Program Service Revenue $486,611

Investment Income $570

Other Revenue $0

TOTAL REVENUE $562,370

Expense Breakdown

Grants Paid $412,217

Salaries & Benefits $72,154

Fundraising Expenses $0

Program Expenses $532,062

Other Expenses $77,446

TOTAL EXPENSES $561,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,370	$561,220	+0.0%
Expenses	$561,817	$558,596	+0.0%
Net Income	$553	$2,624	-0.8%

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

$67,199

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIXIE CLOUGH	EXECUTIVE DI	40.00	Officer	$58,150	$9,049	$67,199
BETHANY BUCKINGHAM FOLLETT	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE CARPENTER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HEATHER PENNINGTON	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA RELAY	TREASURER	1.00	Officer Director	$0	$0	$0
ASHLEY BIVIN	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH OWENS	DIRECTOR	0.50	Director	$0	$0	$0
BENJAMIN JACUK	DIRECTOR	0.50	Director	$0	$0	$0
ALLISON STACY	DIRECTOR	0.50	Director	$0	$0	$0
NADIA JACKINSKY-SETHI	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA LAGOUDAKIS	DIRECTOR	0.50	Director	$0	$0	$0
BETANY PORTER	DIRECTOR	0.50	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	$562,370	$561,817	$218,435	$553
2023	$561,220	$558,596	$221,511	$2,624
2022	$628,372	$615,032	$207,520	$13,340
2021	$428,263	$415,536	$246,164	$12,727
2020	$220,495	$190,564	$213,012	$29,931
2019	$448,886	$442,494	$126,562	$6,392
2018	$301,211	$294,231	$102,521	$6,980