MIDWEST MUSEUM OF AMERICAN ART FOUNDATION INC (EIN 310937828) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

DR RICHARD D BURNS JR

Phone

5742936660

Tax Period

2023-01-01 to 2023-12-31

MIDWEST MUSEUM OF AMERICAN ART FOUNDATION INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $901K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $648K, a strong 72% operating margin.

Mission

EDUCATIONAL & ARTISTIC

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $795,939

Program Service Revenue $86,454

Investment Income $15,655

Other Revenue $2,557

TOTAL REVENUE $900,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,441

Fundraising Expenses $15,381

Program Expenses $213,842

Other Expenses $108,365

TOTAL EXPENSES $252,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$900,605	$1,066,932	-0.2%
Expenses	$252,806	$216,500	+0.2%
Net Income	$647,799	$850,432	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DANIEL BURNS	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BURNS	TRUSTEE	1.00	Director	$0	$0	$0
DR RICHARD D BURNS JR	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER J ABRELL	CHAIRPERSON	1.00	Director	$0	$0	$0
MICHAEL NICKOL	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$900,605	$252,806	$11,516,358	$647,799
2022	$1,066,932	$216,500	$10,871,444	$850,432
2021	$737,450	$216,391	$10,052,059	$521,059
2020	$576,937	$203,963	$9,530,121	$372,974
2019	$577,844	$221,579	$9,157,158	$356,265
2018	$399,120	$198,464	$8,800,598	$200,656

MIDWEST MUSEUM OF AMERICAN ART FOUNDATION INC