ALBANY REGIONAL MUSEUM CORPORATION

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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

1980

Legal Domicile

Principal Officer

KEITH LOHSE

Phone

5419677122

Tax Period

2024-01-01 to 2024-12-31

ALBANY REGIONAL MUSEUM CORPORATION, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $578K in total revenue in fiscal year 2024. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $259K, a strong 45% operating margin.

Mission

TO PRESERVE, EXHIBIT, AND ENCOURAGE KNOWLEDGE OF THE HISTORY AND CULTURE OF THE ALBANY, OREGON AREA.

Program Service Accomplishments

Program 1

Expenses: $279,025

THE ALBANY REGIONAL MUSEUM COLLECTS, PRESERVES, DOCUMENTS AND EXHIBITS THE MATERIAL CULTURE OF ALBANY OREGON. IN 2023 WE OFFERED LECTURES, EXHIBITS AND TOURS. WE PRODUCED A QUARTERLY NEWSLETTER WITH HISTORY ARTICLES AND WE BEGAN A NEW TRAVEL EDUCATION KIT THAT CAN BE USED IN 1ST GRADE CLASSROOMS. IN THE LAST QUARTER OF THE YEAR WE BEGAN AN EXTENSIVE CHANGE OF OUR EXHIBITS TO COVER ALL NEW TOPICS DETERMINED BY SURVEY OF OUR LOCAL COMMUNITY.

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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 $549,187

Program Service Revenue $0

Investment Income $23,875

Other Revenue $5,270

TOTAL REVENUE $578,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,613

Fundraising Expenses $3,780

Program Expenses $279,025

Other Expenses $117,372

TOTAL EXPENSES $318,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$578,332	$193,679	+2.0%
Expenses	$318,985	$313,003	+0.0%
Net Income	$259,347	$-119,324	-3.2%

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

$54,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARREL TEDISCH	CHAIR	3.00	Officer Director	$0	$0	$0
KRISTEN SCHUTTPELZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDA COLLINS	SECRETARY	1.00	Officer Director	$0	$0	$0
KITTY BUCHNER	DIRECTOR	1.00	Director	$0	$0	$0
JASON DARLING	DIRECTOR	1.00	Director	$0	$0	$0
ERIK RAU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FALLER	DIRECTOR	1.00	Director	$0	$0	$0
DAN MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
LINDA HERD	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA COOPER	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE LINDGREN-BOWER	DIRECTOR	1.00	Director	$0	$0	$0
MARK DAVID SPENCE	DIRECTOR	1.00	Director	$0	$0	$0
CECILIA MIHAYLO	DIRECTOR	1.00	Director	$0	$0	$0
NOLAN STREITBERGER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH LOHSE	EXECUTIVE DIRECTOR	40.00	Officer	$54,000	$0	$54,000

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
2025	No data	No data	No data	No data
2024	$578,332	$318,985	$3,139,578	$259,347
2023	$193,679	$313,003	$2,682,606	$-119,324
2022	$363,457	$225,916	$2,633,874	$137,541
2021	$236,665	$183,770	$2,702,748	$52,895
2020	$92,176	$157,434	$2,367,816	$-65,258