HOMER SOCIETY OF NATURAL HISTORY

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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

1955

Legal Domicile

Principal Officer

WHITNEY HARNESS

Phone

9072358635

Tax Period

2025-01-01 to 2025-12-31

HOMER SOCIETY OF NATURAL HISTORY, founded in 1955, is a small nonprofit in the Arts, Culture & Humanities sector that reported $439K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. Expenses of $656K exceeded revenue, resulting in a 49% operating deficit.

Mission

THE MISSION OF THE PRATT MUSEUM IS TO STRENGTHEN RELATIONSHIPS BETWEEN PEOPLE AND PLACE THROUGH STORIES RELEVANT TO KACHEMAK BAY.

Program Service Accomplishments

Program 1

Expenses: $373,399

IN ALIGNMENT WITH THE PRATT MUSEUM MISSION, THE EDUCATION PROGRAM IS DEDICATED TO LIFELONG LEARNING AND PARTICIPATION IN THE UNDERSTANDING AND EXPLORATION OF THE NATURAL ENVIRONMENT AND THE HUMAN...

IN ALIGNMENT WITH THE PRATT MUSEUM MISSION, THE EDUCATION PROGRAM IS DEDICATED TO LIFELONG LEARNING AND PARTICIPATION IN THE UNDERSTANDING AND EXPLORATION OF THE NATURAL ENVIRONMENT AND THE HUMAN EXPERIENCE OF THE KACHEMAK BAY REGION OF ALASKA AND ITS PLACE IN THE WORLD. THE EDUCATION PROGRAM SEEKS TO INSPIRE SELF-REFLECTION AND DIALOGUE IN ITS COMMUNITY AND VISITORS THROUGH EDUCATION PROGRAMS AND INTERPRETIVE EXHIBITS IN THE ARTS, SCIENCES, AND HUMANITIES. THE PRATT MUSEUM'S EXHIBITS BRING OUR MISSION TO OVER 10,000 VISITORS EACH YEAR BY SHOWCASING AND PROVIDING INTERACTIVE LEARNING EXPERIENCES AROUND THE ART, NATURAL HISTORY, AND HUMAN EXPERIENCES OF THE REGION. THE MUSEUM HAS FIVE INDOOR GALLERIES PLUS SEASONAL AND PERMANENT OUTDOOR INSTALLATIONS ON ITS 9.8 ACRE SITE. APPROXIMATELY SIX ROTATING EXHIBITS ON A VARIETY OF TOPICS ARE OFFERED EACH YEAR IN THE MUSEUM'S SPECIAL EXHIBITS GALLERY. THE PRATT MUSEUM MAINTAINS COLLECTIONS IN ITS MISSION AREAS OF THE ARTS, SCIENCES, AND HUMANITIES TO PRESERVE THESE ITEMS FOR FUTURE GENERATIONS, TO MAKE THEM AVAILABLE TO RESEARCHERS, AND TO FURTHER OUR EDUCATIONAL MISSION BY USING THEM IN EXHIBITS AND PROGRAMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $290,083

Program Service Revenue $103,086

Investment Income $11,522

Other Revenue $34,077

TOTAL REVENUE $438,768

Expense Breakdown

Grants Paid $250

Salaries & Benefits $398,446

Fundraising Expenses $4,787

Program Expenses $373,399

Other Expenses $256,959

TOTAL EXPENSES $655,655

Year-over-Year Comparison

	2025	2024	Change
Revenue	$438,768	$538,679	-0.2%
Expenses	$655,655	$726,949	-0.1%
Net Income	$-216,887	$-188,270	+0.2%

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

$83,006

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY HARNESS	EXECUTIVE DI	40.00	Officer	$66,251	$0	$66,251
PATRICIA RELAY THRU 225	FORMER EXEC	40.00	Officer	$16,755	$0	$16,755
SUE FALLON	PRESIDENT	4.00	Officer Director	$0	$0	$0
MILLI MARTIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JENNIFER BARTOLOWITS	TREASURER	1.00	Officer Director	$0	$0	$0
SAVANNA BRADLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
TIM HATFIELD	DIRECTOR	1.00	Director	$0	$0	$0
CLARK FAIR	DIRECTOR	1.00	Director	$0	$0	$0
KATE MCGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
LINDA ROWELL	DIRECTOR	1.00	Director	$0	$0	$0
MEL STRYDOM	DIRECTOR	1.00	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
2025	$438,768	$655,655	$2,481,273	$-216,887
2024	No data	No data	No data	No data
2023	$1,015,764	$529,385	$2,873,439	$486,379
2022	$412,629	$593,079	$2,230,705	$-180,450
2021	$416,469	$571,043	$2,379,566	$-154,574
2020	$559,395	$407,552	$2,678,706	$151,843
2020	$498,762	$449,908	$2,618,155	$48,854
2019	$545,053	$2,228,083	$2,518,174	$-1,683,030
2018	$470,095	$476,876	$4,185,252	$-6,781