THE HARRAH AUTOMOBILE FOUNDATION NATIONAL AUTOMOBILE MUSEUM (EIN 942777978) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

PHILIP MACDOUGALL

Phone

7753339300

Tax Period

2024-01-01 to 2024-12-31

THE HARRAH AUTOMOBILE FOUNDATION NATIONAL AUTOMOBILE MUSEUM, founded in 1981, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $2.2M left a modest 8% surplus.

Mission

TO COLLECT AND PRESERVE THE AUTOMOBILE FOR THE FUTURE GENERATIONS TO TELL THE STORY OF THE IMPACT OF THE AUTOMOBIL ON AMERICAN SOCIETY.

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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 $1,213,854

Program Service Revenue $982,927

Investment Income $95,844

Other Revenue $68,540

TOTAL REVENUE $2,361,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $830,050

Fundraising Expenses $14,802

Program Expenses $1,590,519

Other Expenses $1,338,059

TOTAL EXPENSES $2,168,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,361,165	$3,698,198	-0.4%
Expenses	$2,168,109	$2,089,673	+0.0%
Net Income	$193,056	$1,608,525	-0.9%

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

N/A

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

$112,586

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANSON WEBSTER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
PAUL GEORGESON	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL RAMSEY	TREASURER	5.00	Officer Director	$0	$0	$0
JANET CHUBB	SECRETARY	5.00	Officer Director	$0	$0	$0
NED BACON	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN COLODNY	TRUSTEE	2.00	Director	$0	$0	$0
KATRINA LOFTIN	TRUSTEE	2.00	Director	$0	$0	$0
JIM ROGERS	TRUSTEE	2.00	Director	$0	$0	$0
PHIL SATRE	TRUSTEE	2.00	Director	$0	$0	$0
BJ SULLIVAN	TRUSTEE	2.00	Director	$0	$0	$0
ADAM WEBSTER	TRUSTEE	2.00	Director	$0	$0	$0
ALLEN WITT	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP MACDOUGALL	PRESIDENT & EXECUTIVE DIRE	40.00	Officer	$108,130	$4,456	$112,586

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	$2,361,165	$2,168,109	$39,613,264	$193,056
2023	$3,698,198	$2,089,673	$39,160,618	$1,608,525
2022	$5,932,095	$1,955,026	$37,643,200	$3,977,069
2021	$1,726,114	$1,468,187	$33,663,387	$257,927
2020	$856,398	$1,297,735	$33,329,928	$-441,337
2019	$1,209,636	$1,525,507	$33,636,690	$-315,871
2018	$1,152,802	$1,487,751	$33,844,243	$-334,949

THE HARRAH AUTOMOBILE FOUNDATION NATIONAL AUTOMOBILE MUSEUM