LOMPOC MUSEUM ASSOCIATES INC

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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

1969

Legal Domicile

Phone

8057363888

Tax Period

2023-07-01 to 2024-06-30

LOMPOC MUSEUM ASSOCIATES INC, founded in 1969, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $100K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 172% operating deficit.

Mission

OPERATION OF A PUBLIC HISTORICAL MUSEUM

Program Service Accomplishments

Program 1

Expenses: $54,311 Revenue: $1,351

THE MUSEUM PROVIDES PROGRAM SERVICES AND ON-SITE EXHIBITS FOR THE BENEFIT OF SCHOOL CHILDREN, ADULTS, AND SCHOLARS. THE MUSEUM'S PURPOSE IS TO OPERATE AND MAINTAIN A PUBLIC HISTORICAL MUSEUM TO...

THE MUSEUM PROVIDES PROGRAM SERVICES AND ON-SITE EXHIBITS FOR THE BENEFIT OF SCHOOL CHILDREN, ADULTS, AND SCHOLARS. THE MUSEUM'S PURPOSE IS TO OPERATE AND MAINTAIN A PUBLIC HISTORICAL MUSEUM TO INCREASE AND DISSEMINATE KNOWLEDGE AND APPRECIATION OF THE LOCAL AREA. THE CITY OF LOMPOC DONATES USE OF MUSEUM FACILITIES FOR $1 PER YEAR. FAIR MARKET VALUE OF THIS DONATION IS $27,300 PER YEAR.

Program 2

Expenses: $27,156 Revenue: $7,960

THE MUSEUM PROVIDES PROGRAMS HEIGHTENING PUBLIC AWARENESS OF NATIONAL HISTORICAL EVENTS, OTHER CULTURES AND ENVIRONMENTAL ISSUES.

Program 3

Expenses: $27,155 Revenue: $130

THE MUSEUM PROVIDES TOURS OF ARTESIA SCHOOL, A HISTORICAL SITE, FOR SCHOOL CHILDREN AND THE GENERAL PUBLIC. THE LOMPOC UNIFIED SCHOOL DISTRICT DONATES USE OF THE ARTESIA SCHOOL TO THE MUSEUM FOR $1...

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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 $82,735

Program Service Revenue $9,441

Investment Income $6,830

Other Revenue $792

TOTAL REVENUE $99,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,750

Fundraising Expenses $54,311

Program Expenses $108,622

Other Expenses $209,803

TOTAL EXPENSES $271,553

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,798	$525,862	-0.8%
Expenses	$271,553	$139,010	+1.0%
Net Income	$-171,755	$386,852	-1.4%

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

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

$43,590

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR LISA RENKEN	Director	35.00	Director	$43,590	$0	$43,590
DON ADAMS	Director	2.00	Director	$0	$0	$0
MICHAEL CALLAHAN	Treasurer	2.00	Officer Director	$0	$0	$0
WYNN CLEVENGER	President	2.00	Officer Director	$0	$0	$0
DR JAMES CARUCCI	Director	2.00	Director	$0	$0	$0
JIM PATERSON	Director	2.00	Director	$0	$0	$0
ALICE DOWN	Secretary	2.00	Officer Director	$0	$0	$0
SUSAN WARNSTROM	Vice President	2.00	Officer 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	No data	No data	No data	No data
2024	$99,798	$271,553	$1,148,029	$-171,755
2023	$525,862	$139,010	$1,248,826	$386,852
2022	$102,317	$96,814	$844,789	$5,503
2021	$208,120	$85,349	$901,597	$122,771
2020	$128,767	$94,808	$758,462	$33,959
2019	$393,673	$78,991	$708,743	$314,682