SPRINGFIELD MUSEUM OF ART (EIN 316001642) - 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

1952

Legal Domicile

Phone

9373254673

Tax Period

2021-01-01 to 2021-12-31

SPRINGFIELD MUSEUM OF ART, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2021. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $771K, a strong 51% operating margin.

Mission

TO COLLECT, EXHIBIT AND PRESERVE WORKS OF ART THAT INSPIRE AND EDUCATE. THROUGH ART EXHIBITIONS AND ART EDUCATION, THE MUSEUM SEEKS TO ENGAGE THE ENTIRE COMMUNITY IN THE ENJOYMENT AND APPRECIATION OF THE VISUAL ARTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,355,714

Program Service Revenue $21,966

Investment Income $125,077

Other Revenue $20,744

TOTAL REVENUE $1,523,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $291,046

Fundraising Expenses $149,942

Program Expenses $178,941

Other Expenses $461,701

TOTAL EXPENSES $752,747

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,523,501	$1,230,888	+0.2%
Expenses	$752,747	$680,175	+0.1%
Net Income	$770,754	$550,713	+0.4%

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

$93,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIMI JONES	Executive Dir.	40.00	Officer	$93,000	$0	$93,000
SALLY BRANNAN	Trustee	1.00	Director	$0	$0	$0
MICHAEL LOFTIS	Vice President	1.00	Officer Director	$0	$0	$0
AFSHAN SYED	Trustee	1.00	Director	$0	$0	$0
ANDY FOX	Trustee	1.00	Director	$0	$0	$0
MITCHELL HURST	Treasurer	1.00	Officer Director	$0	$0	$0
SAM PETROFF	Trustee	1.00	Director	$0	$0	$0
NOAH RISTAU	Trustee	1.00	Director	$0	$0	$0
MAUREEN MASSARO	President	1.00	Officer Director	$0	$0	$0
MELISSA GRAY HALLMARK	Secretary	1.00	Officer Director	$0	$0	$0
JAMIE MCGREGOR	IMMEDIATE PAST	3.00	Officer Director	$0	$0	$0
BETH GOODRICH	Trustee	1.00	Director	$0	$0	$0
MARILYN KREIDER	Trustee	1.00	Director	$0	$0	$0
JASON MORGAN	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
2021	$1,523,501	$752,747	$7,506,373	$770,754
2020	$1,230,888	$680,175	$6,321,588	$550,713
2019	$1,658,525	$725,441	$5,691,089	$933,084
2018	$1,513,091	$677,801	$4,935,951	$835,290

SPRINGFIELD MUSEUM OF ART