Portland Museum Inc
Nonprofit profile at a glance
- EIN
- 237422794
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Louisville, KY, USA
- Phone
- 5027767678
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $828,303
- Expenses
- $382,965
- Assets
- $3,710,428
- Liabilities
- $210,648
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- ED WHITE (VICE PRESIDENT)
- KACIE CHASE (PRESIDENT)
- KATY DELAHANTY (CO-EXECUTIVE DIRECTOR)
- DANNY SEIM (CO-EXECUTIVE DIRECTOR)
Highest reported compensation
- KATY DELAHANTY (CO-EXECUTIVE DIRECTOR): $62,765 total reported compensation
- DANNY SEIM (CO-EXECUTIVE DIRECTOR): $56,785 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Portland museum is an innovative and compelling neighborhood museum. The museum boldly weaves exhibitions, performances, collections, and educational programs to excite, challenge and illuminate our neighbors, visitors, and participants while providing insight into our art, history, culture, and heritage.
What it reported doing in 2024
Legacy museum programing: the portland museum celebrates the history and culture of portland, ky, through public programming, art, exhibitions, collections, research, publications, and the henrietta helm legacy endowment that supports u of l's louisville teacher residency program. Programs include various neighborhood events and forums promoting education and community. Art and history exhibits rotate, bringing with them relevant events and education programs. Collection management is the care and storage of the collections, cataloging and storing materials, and associated overhead. Research and publications include on-site letter-pressed materials based on our achieve and neighborhood's art, culture, and history.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 92
- Accountability: 90
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.8%; rating input score 33
- Program expense ratio: 50.6%; rating input score 51
- Fundraising efficiency: $13.78 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 53.8%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 9.69; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
- Officer compensation ratio: 31.2%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: 12.8% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 31st percentile among comparable filings
Details
- Where the money goes: 32.8% of revenue deployed · 50.6% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $194K in reported program spending
- Leadership: top reported pay $63K · 16 people listed
- Highest-paid contractors: 1 contractor listed · $124K reported
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 48/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Review — Sustainability: Liabilities to assets ratio scored 50/100.