Riverfront museum presents financial status to county

By Beau Ebenezer

January 28, 2014 Updated Jan 29, 2014 at 12:18 AM CDT

PEORIA, Ill. -- Officials with the Peoria Riverfront Museum said they are in good financial standing compared to several museums across the state.

Museum officials presented numbers to the county this afternoon.

President and CEO, Sam Gappmayer said they face a $600,000 deficit but still remain a $3.5 operation.

A graph at the meeting showed the Riverfront Museum ranked first in income from admissions and second in membership income.

That is compared to more than a dozen similar institutions across the Midwest.

"We always want more people to come. I don't want to be misunderstood," said Gappmayer. "But it is not an area where we are deeply under-performing. But the number of grants we are getting is an area that we are under-performing compared to other institutions."

Gappmayer added that they need to reduce annual expenses by $400,000 this year.

He also hopes renting out their facility and securing national grants will bring in more income.