MIDWEST LUMBER MUSEUM INC
Mission Statement
The Mission of The Sawmill Museum is to preserve, collect, interpret and explore the history of America's sawmill, lumber and forestry industries. Centered around the story of Clinton, Iowa's rich lumber history, we use dynamic exhibits, programs and events to explore the history of these industries, their current practices and future opportunities and challenges.The Sawmill Museum strives to be a national leader for the interpretation and exploration of our country's lumber history. We work to be a resource for learning, dialogue, preservation and research, and we strive to offer balanced opportunities and voices for industry, government, and private groups and citizens alike.
Financial Overview — FY 2024
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
53.5% | 81.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
46.5% | 14.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
406.0 mo | 10.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
5.4% | 1.9% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
38.5% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
4.9% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.9% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
35.7% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | N/A | N/A | N/A | — | 1 |
| 2023 | $313K | $201K | $6.8M | 53.5% | 3 |
| 2022 | $299K | $185K | $6.7M | 51.3% | 4 |
| 2021 | $391K | $158K | N/A | — | 2 |
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