SAN JOSE MUSEUM OF ART ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

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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

PERMANENT ART COLLECTION - THE COLLECTION CONSISTS OF TWENTIETH AND TWENTY-FIRST CENTURY ARTWORK, INCLUDING PAINTINGS, SCULPTURES, INSTALLATIONS, NEW MEDIA, PHOTOGRAPHY, DRAWINGS, AND PRINTS, ACQUIRED THROUGH PURCHASE OR CONTRIBUTION. THE COLLECTION IS NOT RECOGNIZED AS AN ASSET IN THE STATEMENT OF FINANCIAL POSITION. EACH WORK OF ART IS INVENTORIED AND CARED FOR, AND ACTIVITIES VERIFYING THE COLLECTION'S INTEGRITY ARE PERFORMED CONTINUOUSLY. PURCHASES OF ART ARE RECORDED IN THE YEAR ACQUIRED AS NON-OPERATING DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH ITEMS ARE ACQUIRED. PROCEEDS FROM ANY DEACCESSIONS OR INSURANCE RECOVERIES MAY BE ALLOCATED FOR PURPOSES THAT CLEARLY BENEFIT THE COLLECTION, SUCH AS AN ACQUISITION FUND TO EXPAND THE COLLECTION OR PRESERVATION/CONSERVATION FUND TO MAINTAIN IT. CERTAIN ITEMS ARE ON LOAN FROM INDIVIDUALS AND CORPORATIONS FOR USE BY THE MUSEUM IN ITS PERMANENT COLLECTION OR SPECIAL EXHIBITION.

Program Service Accomplishments

Program 1

Expenses: $3,561,662 Revenue: $513,825

EXHIBITIONS AND PROGRAMS:A DOWNTOWN ANCHOR INSTITUTION, THE SAN JOSE MUSEUM OF ART (SJMA) IS THE PREMIER MODERN AND CONTEMPORARY ART MUSEUM IN SILICON VALLEY. ITS DYNAMIC PROGRAM, WHICH BALANCES...

EXHIBITIONS AND PROGRAMS:A DOWNTOWN ANCHOR INSTITUTION, THE SAN JOSE MUSEUM OF ART (SJMA) IS THE PREMIER MODERN AND CONTEMPORARY ART MUSEUM IN SILICON VALLEY. ITS DYNAMIC PROGRAM, WHICH BALANCES SOCIALLY RELEVANT TRAVELING EXHIBITIONS WITH CRITICALLY ENGAGING SHOWS DRAWN FROM A COLLECTION OF 2,700+ WORKS, RESONATES WITH DEFINING CHARACTERISTICS OF SAN JOSE AND THE SILICON VALLEY FROM ITS RICH DIVERSITY TO ITS HALLMARK INNOVATIVE ETHOS.(SEE SCHEDULE O FOR CONTINUATION)

Program 2

Expenses: $1,286,350 Revenue: $30,507

EDUCATION:SJMA'S EXTENSIVE ON AND OFF-SITE EDUCATION PROGRAMS FILL MULTIPLE GAPS IN LOCAL K-12 ARTS EDUCATION ON-SITE AND VIRTUAL PROGRAMS INCLUDE A ROBUST MUSEUM FIELD TRIP PROGRAM; FAMILY...

EDUCATION:SJMA'S EXTENSIVE ON AND OFF-SITE EDUCATION PROGRAMS FILL MULTIPLE GAPS IN LOCAL K-12 ARTS EDUCATION ON-SITE AND VIRTUAL PROGRAMS INCLUDE A ROBUST MUSEUM FIELD TRIP PROGRAM; FAMILY PROGRAMMING, INCLUDING THREE FREE COMMUNITY DAYS THAT ATTRACT OVER 2,500 PEOPLE ANNUALLY; AND A POPULAR KIDS SUMMER ART CAMP INSPIRED BY EXHIBITIONS ON VIEW. ONE-WEEK SUMMER CAMP SCHOLARSHIPS ARE OFFERED TO AT-RISK CHILDREN AND YOUTH BASED IN SAN JOSE SCHOOLS.(SEE SCHEDULE O FOR CONTINUATION)

Program 3

Expenses: $161,336 Revenue: $53,639

MUSEUM STORE:THE MUSEUM STORE IS LOCATED OFF THE MAIN LOBBY OF SJMA AND ONLINE AT HTTPS://SJMA-ONLINE-STORE.MYSHOPIFY.COM/. THIS ACTIVE GIFT SHOP CARRIES MISSION-RELATED PRODUCTS THAT ARE...

MUSEUM STORE:THE MUSEUM STORE IS LOCATED OFF THE MAIN LOBBY OF SJMA AND ONLINE AT HTTPS://SJMA-ONLINE-STORE.MYSHOPIFY.COM/. THIS ACTIVE GIFT SHOP CARRIES MISSION-RELATED PRODUCTS THAT ARE EDUCATIONAL, FOSTER CREATIVITY AND ENCOURAGE DEEPER KNOWLEDGE OF ART AND CULTURE. THE MUSEUM STORE ALSO FEATURES CUSTOM PRODUCTS BY AREA ARTISTS AND CRAFTSMEN AS WELL AS MERCHANDISE RELEVANT TO EACH CURRENT SEASON OF EXHIBITIONS. THE STORE IS STAFFED BY MUSEUM EMPLOYEES AS WELL AS AN ACTIVE CONTINGENT OF LONGTIME VOLUNTEERS.

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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

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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