PONTIAC TRANSPORTATION MUSEUM

EIN: 922137603 501(c)(3) Arts, Culture & Humanities

PONTIAC, MI

Total Revenue
$471,477
Total Expenses
$127,321
Total Assets
$2,405,864
Net Assets
$2,397,828
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MI
Principal Officer
TERRY CONNOLLY
Phone
2489774410
Tax Period
2024-01-01 to 2024-12-31

PONTIAC TRANSPORTATION MUSEUM, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $471K in total revenue in fiscal year 2024. The organization ran a surplus of $344K, a strong 73% operating margin.

Mission

A) THE PONTIAC TRANSPORTATION MUSEUM OPENED ITS DOORS TO THE PUBLIC IN MAY 2024. IT IS DEVOTED TO CURATION AND COMMUNICATION OF THE VERY SIGNIFICANT HISTORICAL LEGACY OF WHEELED TRANSPORTATION IN THE PONTIAC MICHIGAN AREA. BEYOND THIS OPERATIONAL MISSION, THE PTM BOARD HAS GUIDED THE ORGANIZATION TO SERVE ITS COMMUNITY IN THE FOLLOWING THREE ASPECTS: (1) ASSIST ECONOMIC DEVELOPMENT OF THE PONTIAC COMMUNITY BY ATTRACTING HERITAGE TOURISM TO THE AREA, (2) PROVIDE EDUCATIONAL OUTREACH TO THE COMMUNITY FOCUSING ON STEAM TOPICS AND CAPABILITIES, (3) GROW PRIDE IN THE PONTIAC COMMUNITY REGARDING ITS ENVIABLE HISTORY IN TRANSPORTATION. B) ACTIVITIES OF THE MUSEUM INCLUDE: 1. OPEN HOURS EACH WEEK - THURSDAY/FRIDAY/SATURDAY/SUNDAY 2. SEVERAL "OPEN HOUSES" ANNUALLY AND ALSO A 50% DISCOUNT FOR PONTIAC RESIDENTS (RE-EMPHASIZING OUR COMMUNITY RESPONSIBILITIES) 3. COMMUNITY EVENING OUTREACH LECTURES 4. VENUE FOR PRIVATE PARTIES AND SELECTED CIVIC ACTIVITY 5. HOSTING OF SCHOOL CHILDREN AND ASSISTED L

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $429,773
Program Service Revenue $48,803
Investment Income $0
Other Revenue $-7,099
TOTAL REVENUE $471,477

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,475
Fundraising Expenses $0
Program Expenses $92,234
Other Expenses $103,846
TOTAL EXPENSES $127,321

Year-over-Year Comparison

2024 2023 Change
Revenue $471,477 N/A N/A
Expenses $127,321 N/A N/A
Net Income $344,156 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
3
Volunteers
25

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY CONNOLLY CHAIR 20.00
Officer Director
$0 $0 $0
RICHARD DAVID SECRETARY 20.00
Officer Director
$0 $0 $0
TIM B DYE DIRECTOR 20.00
Director
$0 $0 $0
GORDON HEIDACKER DIRECTOR 0.00
Director
$0 $0 $0
THOMAS E KIMBLE TREASURER 0.00
Officer Director
$0 $0 $0
ANGELA POWELL DIRECTOR 0.00
Director
$0 $0 $0
DOUGLAS SMITH DIRECTOR 0.00
Director
$0 $0 $0
MARK THOMAS DIRECTOR 20.00
Director
$0 $0 $0
DIMITRIE TOTH DIRECTOR 0.00
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 $471,477 $127,321 $2,405,864 $344,156
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