SAN JOSE MUSEUM OF ART ASSOCIATION (EIN 237062028) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

SUSAN SAYRE BATTON

Phone

4082716840

Tax Period

2023-07-01 to 2024-06-30

SAN JOSE MUSEUM OF ART ASSOCIATION, founded in 1969, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $16.1M represent 30 months of operating reserves.

Mission

NURTURE EMPATHY AND CONNECTION BY ENGAGING COMMUNITIES WITH SOCIALLY RELEVANT CONTEMPORARY ART

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,456,496

Program Service Revenue $528,560

Investment Income $954,365

Other Revenue $-394,200

TOTAL REVENUE $6,545,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,603,144

Fundraising Expenses $678,590

Program Expenses $5,009,348

Other Expenses $2,847,542

TOTAL EXPENSES $6,450,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,545,221	$5,864,094	+0.1%
Expenses	$6,450,686	$6,135,358	+0.1%
Net Income	$94,535	$-271,264	-1.3%

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

160

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

$392,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY KIELY	PRESIDENT	0.51	Officer Director	$0	$0	$0
WANDA KOWNACKI	VICE PRESIDENT	0.21	Officer Director	$0	$0	$0
ROBERT LINDO	SECRETARY	0.31	Officer Director	$0	$0	$0
HILDY SHANDELL	TREASURER	0.28	Officer Director	$0	$0	$0
LORRI KERSHNER	TRUSTEE	0.19	Director	$0	$0	$0
NADIA AHMAD	TRUSTEE	0.28	Director	$0	$0	$0
PETER CROSS	TRUSTEE	0.30	Director	$0	$0	$0
GLENDA DORCHAK	TRUSTEE	0.16	Director	$0	$0	$0
ANNEKE DURY	TRUSTEE	0.17	Director	$0	$0	$0
BILL FAULKNER	TRUSTEE	0.24	Director	$0	$0	$0
TOBY FERNALD	TRUSTEE	0.22	Director	$0	$0	$0
TAD FREESE	TRUSTEE	0.16	Director	$0	$0	$0
CHANDRA GNANASAMBANDAM	TRUSTEE	0.04	Director	$0	$0	$0
COLE HARRELL	TRUSTEE	0.18	Director	$0	$0	$0
RICHARD A KARP	TRUSTEE	0.15	Director	$0	$0	$0
DANIEL LE	TRUSTEE	0.12	Director	$0	$0	$0
KIMBERLY LIN	TRUSTEE	0.16	Director	$0	$0	$0
PETER W LIPMAN	TRUSTEE	0.29	Director	$0	$0	$0
RANU MUKHERJEE	TRUSTEE	0.11	Director	$0	$0	$0
YVONNE NEVENS	TRUSTEE	0.53	Director	$0	$0	$0
SARAH NORTH	TRUSTEE	0.16	Director	$0	$0	$0
GAYLA WOOD	TRUSTEE	0.32	Director	$0	$0	$0
SUSAN SAYRE BATTON	EXECUTIVE DIRECTOR	37.50	Officer	$242,917	$20,843	$263,760
BRIAN SPANG	CHIEF FINANCIAL OFFICER	37.50	Officer	$122,000	$7,067	$129,067
LAUREN ELENA SCHELL DICKENS	CHIEF CURATOR	37.50	Highest	$110,000	$5,999	$115,999
RICHARD KARSON	DIRECTOR OF DESIGN & OPERATIONS	37.50	Highest	$109,094	$12,580	$121,674
KAREN RAPP	DEPUTY DIRECTOR	37.50	Highest	$139,367	$7,237	$146,604
JENNIFER SIME	CHIEF PHILANTHROPY OFFICER	37.50	Highest	$113,971	$12,918	$126,889

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	$6,545,221	$6,450,686	$16,848,908	$94,535
2023	$5,864,094	$6,135,358	$16,173,683	$-271,264
2022	$5,738,899	$5,380,632	$16,287,073	$358,267
2021	$5,293,860	$4,983,537	$18,888,484	$310,323
2020	$5,280,893	$5,047,033	$16,112,834	$233,860
2019	$6,777,377	$5,117,794	$16,818,887	$1,659,583
2018	$5,124,318	$5,333,969	$15,150,029	$-209,651

SAN JOSE MUSEUM OF ART ASSOCIATION