SCOTTSDALE MUSEUM OF THE WEST INC

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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

2007

Legal Domicile

Principal Officer

TODD BANKOFIER

Phone

4806869539

Tax Period

2024-01-01 to 2024-12-31

SCOTTSDALE MUSEUM OF THE WEST INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $4.1M left a modest 8% surplus.

Mission

INCREASE AND DIFFUSE KNOWLEDGE; ENCOURAGE THE APPRECIATION OF ART AND HISTORY OF THE AMERICAN WEST; MAINTAIN A MUSEUM OR MUSEUMS TO EXHIBIT, COLLECT AND PRESERVE OBJECTS OF ARTISTIC AND HISTORIC INTEREST; AND PROVIDE FACILITIES FOR RESEARCH AND PUBLICATION.

Program Service Accomplishments

Program 1

Expenses: $2,962,390 Revenue: $855,560

WESTERN SPIRIT: SCOTTSDALES MUSEUM OF THE WEST BOLDLY IMMERSES ITS GUESTS IN THE UNIQUE STORY OF THE GREATER WESTERN REGION, ILLUMINATING THE PAST TO SHAPE OUR FUTURE. IN 2024, WE PROUDLY OPENED 7...

WESTERN SPIRIT: SCOTTSDALES MUSEUM OF THE WEST BOLDLY IMMERSES ITS GUESTS IN THE UNIQUE STORY OF THE GREATER WESTERN REGION, ILLUMINATING THE PAST TO SHAPE OUR FUTURE. IN 2024, WE PROUDLY OPENED 7 NEW EXHIBITS: WOMEN OF THE SOUTHWEST, INNER LIGHT: THE ART OF TOM GILLEON, PEOPLE, PLACES, PREDICAMENTS: JOHN CLYMERS WEST, MELANIE YAZZI, VERYL GOODNIGHT: SLED DOGS, A FISTFUL OF COLORS, ROB HAMMER: AMERICAN BACKCOURTS. WE WELCOMED OVER 49,000 GUESTS TO THE MUSEUM WITH MORE THAN 2800 OF THOSE ATTENDING SPECIAL EVENTS SUCH AS NATIONAL HISTORY DAY, YOUTH ART MONTH, FIRST PLACE AZ, CANADIAN BUSINESS COUNCIL, INDIGENOUS CULINARY FESTIVAL, AND THE HASH KNIFE PONY EXPRESS RIDE. WESTERN SPIRIT ALSO WELCOMED OVER 3700 STUDENTS FROM PUBLIC, PRIVATE AND HOME SCHOOLS TO ENJOY LEARNING ABOUT THE HERITAGE OF THE AMERICAN WEST. ADDITIONALLY, WE BEGAN CONSTRUCTION TO EXPAND THE MUSEUM WITH 12,000 SQUARE FEET OF NEW GALLERY SPACE WHICH IS EXPECTED TO BE COMPLETED FALL OF 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,110,703

Program Service Revenue $855,560

Investment Income $391,731

Other Revenue $87,312

TOTAL REVENUE $4,445,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,280,020

Fundraising Expenses $511,137

Program Expenses $2,962,390

Other Expenses $1,653,258

TOTAL EXPENSES $4,103,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,445,306	$3,052,478	+0.5%
Expenses	$4,103,423	$3,625,339	+0.1%
Net Income	$341,883	$-572,861	-1.6%

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

$450,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD BANKOFIER	CEO	40.00	Officer	$239,868	$19,992	$259,860
MICHAEL J FOX	ADVANCEMENT ADVISOR	20.00		$229,925	$0	$229,925
WILLIAM J BURNS	EXECUTIVE DIRECTOR	20.00	Officer	$190,582	$0	$190,582
JAMES D BRUNER	TRUSTEE	2.00	Director	$0	$0	$0
BETSY FAHLMAN	TRUSTEE	2.00	Director	$0	$0	$0
JOAN FUDALA	TRUSTEE	2.00	Director	$0	$0	$0
MARSHALL TRIMBLE	TRUSTEE	2.00	Director	$0	$0	$0
HOWIE ALPER	TRUSTEE	2.00	Director	$0	$0	$0
BRAD RICHARDSON	TRUSTEE	2.00	Director	$0	$0	$0
ABE HAYS	TRUSTEE	2.00	Director	$0	$0	$0
WILIAM G RIDENOUR	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE MOLLRING	TRUSTEE	2.00	Director	$0	$0	$0
TIM PETERSON	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER SANDS	TRUSTEE	2.00	Director	$0	$0	$0
W SCOTT ROBERTSON	TRUSTEE	2.00	Director	$0	$0	$0
PAM RENTSCHLER	TRUSTEE	2.00	Director	$0	$0	$0
PHILIP W HAGENAH	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD A HORN	TRUSTEE	2.00	Director	$0	$0	$0
JOSHUA C BASHA	TRUSTEE	2.00	Director	$0	$0	$0
LAUREN A FERRIGNI	TRUSTEE	2.00	Director	$0	$0	$0
MIKE CASEY	TRUSTEE	2.00	Director	$0	$0	$0
DIEGO VALENZUELA JR	TRUSTEE	2.00	Director	$0	$0	$0
MIKE MCCANSE	TRUSTEE	2.00	Director	$0	$0	$0
DAVID SHERF	CHAIR	2.00	Officer Director	$0	$0	$0
DAVID SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
DANIEL CORAZZI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CAROLYN ROCK	SECRETARY	2.00	Officer 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	$4,445,306	$4,103,423	$12,057,625	$341,883
2023	$3,052,478	$3,625,339	$8,719,443	$-572,861
2022	$2,156,907	$2,758,583	$8,664,495	$-601,676
2021	$7,750,587	$2,889,399	$7,668,852	$4,861,188
2020	$2,615,847	$2,062,360	$2,779,131	$553,487
2019	$2,627,279	$2,670,032	$2,459,672	$-42,753
2018	$2,633,204	$2,388,449	$2,546,100	$244,755