BISHOP MUSEUM & HISTORICAL SOCIETY

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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

1964

Legal Domicile

Phone

7608735950

Tax Period

2023-07-01 to 2024-06-30

BISHOP MUSEUM & HISTORICAL SOCIETY, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $334K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $408K exceeded revenue, resulting in a 22% operating deficit.

Mission

Operate and Maintain the Historic Laws Railroad Station and Museum, Procure and Protect Artifacts of Historical Significance

Program Service Accomplishments

Program 1

Expenses: $386,137

Maintained and operated the Historic Laws Railroad Station and Museum. Procured artifacts of significance to the history of the Owens Valley. Restored and operated the historic Death Valley Railroad...

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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 (2023)

Revenue Breakdown

Contributions & Grants $275,202

Program Service Revenue $10,873

Investment Income $1,173

Other Revenue $46,361

TOTAL REVENUE $333,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,830

Fundraising Expenses $0

Program Expenses $386,137

Other Expenses $275,533

TOTAL EXPENSES $408,363

Year-over-Year Comparison

	2023	2022	Change
Revenue	$333,609	$304,221	+0.1%
Expenses	$408,363	$430,568	-0.1%
Net Income	$-74,754	$-126,347	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Erin Gilpin	Director	6.00	Director	$0	$0	$0
Randy Keller	Director	6.00	Director	$0	$0	$0
Brad Keehn	Director	6.00	Director	$0	$0	$0
Ken Miller	Director	6.00	Director	$0	$0	$0
Marshall Rudolph	Director	6.00	Director	$0	$0	$0
Denise Gillespie	Secretary	12.00	Officer	$0	$0	$0
Becky Cones	Treasurer	12.00	Officer	$0	$0	$0
Jay Smart	President & CEO	20.00	Officer	$0	$0	$0
Beverly Schroeder	Vice President	12.00	Officer	$0	$0	$0
Raven Angeles	Administrator	40.00		$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	No data	No data	No data	No data
2024	$333,609	$408,363	$313,088	$-74,754
2023	$304,221	$430,568	$399,024	$-126,347
2022	$404,865	$320,493	$532,904	$84,372
2021	$236,440	$286,862	$428,956	$-50,422
2020	$317,029	$240,711	$465,902	$76,318
2019	$175,676	$211,763	$288,879	$-36,087