SEQUIM MUSEUM & ARTS

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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

1992

Legal Domicile

Principal Officer

BEVERLY MAJORS

Phone

3606812257

Tax Period

2025-01-01 to 2025-12-31

SEQUIM MUSEUM & ARTS, founded in 1992, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $92K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $79K left a modest 15% surplus.

Mission

TO BE THE STEWARDS OF SEQUIMS CULTURAL HERITAGE BY ENGAGING THE PUBLIC IN PRESERVATION, STUDY AND INTERPRETATION

Program Service Accomplishments

Program 1

Expenses: $63,417

THE MUSEUM AND ARTS CENTER PROVIDES OPORTUNITIES FOR EDUCATION, PRESERVING AND FOSTERING THE PRACTICE OF THE ARTS AND KNOWLEDGE OF HISTORY ON THE OLYMPIC PENINSULA. THE MUSEUM AND ARTS CENTER...

THE MUSEUM AND ARTS CENTER PROVIDES OPORTUNITIES FOR EDUCATION, PRESERVING AND FOSTERING THE PRACTICE OF THE ARTS AND KNOWLEDGE OF HISTORY ON THE OLYMPIC PENINSULA. THE MUSEUM AND ARTS CENTER MAINTAINS THE DUNGENESS SCHOOLHOUSE IN SEQUIM-DUNGENESS VALLEY. THE SCHOOLHOUSE IS MAINTAINED AS A HISTORICAL SITE, RENTED OUT FOR COMMUNITY FUNCTIONS AND USED FOR SOME OF THE MUSEUM AND ART CENTERS PROGRAMS AND FUNDRAISING EVENTS.

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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 $26,661

Program Service Revenue $0

Investment Income $39,656

Other Revenue $26,140

TOTAL REVENUE $92,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $229

Program Expenses $63,417

Other Expenses $78,963

TOTAL EXPENSES $78,963

Year-over-Year Comparison

	2025	2024	Change
Revenue	$92,457	$72,341	+0.3%
Expenses	$78,963	$68,981	+0.1%
Net Income	$13,494	$3,360	+3.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
BEVERLY MAJORS	SECRETARY	Officer Director	$0	$0	$0
DELBERT KNAPP	TRUSTEE	Director	$0	$0	$0
BEV MAJORS	SECRETARY	Officer Director	$0	$0	$0
THOMAS COOK	TRUSTEE	Director	$0	$0	$0
DICK CAYS	VICE PRESIDENT	Officer Director	$0	$0	$0
KATHERINE VOLLENWEIDER	TRUSTEE	Director	$0	$0	$0
BETH PRATT	TRUSTEE	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	$92,457	$78,963	$1,552,777	$13,494
2024	$72,341	$68,981	$1,536,408	$3,360
2023	$78,348	$99,689	$1,534,140	$-21,341
2022	$70,918	$100,020	$1,555,192	$-29,102
2021	$71,310	$142,231	$1,584,938	$-70,921
2020	$84,565	$65,971	$1,617,724	$18,594
2018	$60,643	$181,859	$719,517	$-121,216