The Elevator Museum Inc

Nonprofit profile at a glance

EIN: 832024001
IRS 990-EZ coverage: 2018–2022
Forms available: Form 990-EZ 2022, Form 990-N 2018
Location: Haverhill, MA, USA
Rating: 86
Verdict: STRONG
Rating confidence: Moderate
Sector: Education N.E.C.

Reported finances

Revenue: $25,634
Expenses: $26,170
Assets: $11,301
Liabilities: $2,349

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

Stephen Comley (President)

People named in this filing

Stephen Comley (President)
Marykate OBrien (Treasurer)
Mike Caron (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Elevator history education

What it reported doing in 2022

To educate the public on the history and technology of elevators

Operating model

Revenue model: Donor-supported. 89% of the money available for current operations came from contributions and gifts.
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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 78
Transparency & Controls: 100
Sustainability: 35
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 78.3%; rating input score 78
Program expense ratio: 76.7%; rating input score 77

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -2.1%; rating input score 42; 42nd percentile among comparable filings
Total-asset coverage ratio: 0.43; rating input score 25; 25th percentile among comparable filings
Liabilities to assets ratio: 0.21; rating input score 14; 14th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 19.5% per year; rating input score 100; 81st percentile among comparable filings
Revenue growth: 14.8% per year; rating input score 100; 86th percentile among comparable filings
Asset growth: 5.6% per year; rating input score 100; 59th percentile among comparable filings

Details

Where the money goes: 78.3% of revenue deployed · 76.7% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $20K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 7 of 7 current checks pass
Schedules: 3 filed schedules
Filing history: 3 filing years from 2018 to 2022
Contacts: How to reach this organization
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

Moderate — Sustainability: Operating margin scored 42/100.
High — Sustainability: Total-asset coverage ratio scored 25/100.
High — Sustainability: Liabilities to assets ratio scored 14/100.
Review — Sustainability: Officer compensation ratio scored 56/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.