CHILDRENS MUSEUM OF FRANKLIN INC

EIN: 933259226 501(c)(3) Arts, Culture & Humanities

FRANKLIN, MA

Total Revenue
$427,849
Total Expenses
$37,708
Total Assets
$437,547
Net Assets
$399,252
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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
2023
Legal Domicile
MA
Principal Officer
MEGHANN HAGEN
Phone
5086622520
Tax Period
2024-01-01 to 2024-12-31

CHILDRENS MUSEUM OF FRANKLIN INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $428K in total revenue in fiscal year 2024. Revenue surged 2842% from the prior year, signaling strong growth momentum. The organization ran a surplus of $390K, a strong 91% operating margin.

Mission

To empower children and families to discover, imagine and grow together through play and exploration.

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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 $410,270
Program Service Revenue $9,446
Investment Income $0
Other Revenue $8,133
TOTAL REVENUE $427,849

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $9,466
Program Expenses $23,484
Other Expenses $37,708
TOTAL EXPENSES $37,708

Year-over-Year Comparison

2024 2023 Change
Revenue $427,849 $14,544 +28.4%
Expenses $37,708 $5,433 +5.9%
Net Income $390,141 $9,111 +41.8%
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

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Governance

Voting Members
7
Independent Members
3
Employees
N/A
Volunteers
94

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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIN GALLAGHER CO-PRESIDENT 50.00
Officer Director
$0 $0 $0
MEGHANN HAGEN CO-PRESIDENT 50.00
Officer Director
$0 $0 $0
EMILY MARTINS Vice President 1.00
Officer Director
$0 $0 $0
MATTHEW JONES Treasurer 4.00
Officer Director
$0 $0 $0
PATRICK GALLAGHER CLERK 4.00
Officer Director
$0 $0 $0
MICHELE KANE Director 1.00
Director
$0 $0 $0
HALEY DOUCETTE 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
2024 $427,849 $37,708 $437,547 $390,141
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