Heritage Museum of Orange County

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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

1982

Legal Domicile

Phone

7145400404

Tax Period

2023-07-01 to 2024-06-30

Heritage Museum of Orange County, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $503K exceeded revenue, resulting in a 38% operating deficit.

Mission

Dedicated to preserving, promoting, and restoring the heritage of Orange County and the surrounding region through quality hands-on educational programs for students and visitors of all ages.

Program Service Accomplishments

Program 1

Expenses: $362,034 Revenue: $183,740

We continue to enhance our programming to accommodate the California education standards in Social Studies, English, Performing Arts, and Sciences. We managed to grow our newest programs...

We continue to enhance our programming to accommodate the California education standards in Social Studies, English, Performing Arts, and Sciences. We managed to grow our newest programs: "Exploration and Technology," aimed at 5th grade students to meet the required Social Studies and Science Standards, and D.I.R.T (Delicious, Indigeneous, Riparian, Treats), aimed at kindergarten through 2nd grade students and hosted in our natural environment. We offer additional preschool and early education literacy programs, a children's garden, and agricultural and ecological learning opportunities. We turned our strategic vision to offer programs for secondary students and a true strategic plan. We hosted high school students onsite to learn Organizational Management, Docent Skills, and Archival Methodology. We continued our People's History of OC Summer Program with local high school History Departments, where students are able to delve into their own personal history and appreciate cultural diversity. With the launch of our "Unknown Histories" mural project, we were able to welcome more high school students onsite to learn directly from community members and then interpret their oral histories into murals that will be permanent installations on museum grounds.

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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 $90,400

Program Service Revenue $183,740

Investment Income $0

Other Revenue $90,860

TOTAL REVENUE $365,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,499

Fundraising Expenses $55,424

Program Expenses $362,034

Other Expenses $199,113

TOTAL EXPENSES $502,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,000	$443,595	-0.2%
Expenses	$502,612	$476,920	+0.1%
Net Income	$-137,612	$-33,325	+3.1%

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

$70,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Candace Chromy	Executive Dir.	40.00	Officer	$52,500	$0	$52,500
Jamie Hiber	Executive Dir.	40.00	Officer	$18,346	$0	$18,346
Mark Anthony Paredes	President	1.00	Officer Director	$0	$0	$0
Ismael Soto	Vice President	1.00	Officer Director	$0	$0	$0
Gloria Alvarado	Treasurer	1.00	Officer Director	$0	$0	$0
Norma Kurtz	Secretary	1.00	Officer Director	$0	$0	$0
Caroline Smith	Director	1.00	Director	$0	$0	$0
Jessie Mosqueda	Director	1.00	Director	$0	$0	$0
Manuel Chavez	Director	1.00	Director	$0	$0	$0
Jennifer Wang	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
2025	No data	No data	No data	No data
2024	$365,000	$502,612	$1,933,622	$-137,612
2023	$443,595	$476,920	$2,036,332	$-33,325
2022	$316,811	$375,937	$2,205,782	$-59,126
2021	$259,842	$386,965	$2,537,724	$-127,123
2020	$261,681	$397,191	$2,664,272	$-135,510
2019	$643,862	$630,397	$2,368,806	$13,465
2018	$998,728	$582,513	$2,350,970	$416,215