OCEANSIDE MUSEUM OF ART

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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

1998

Legal Domicile

Phone

7604353720

Tax Period

2024-01-01 to 2024-12-31

OCEANSIDE MUSEUM OF ART, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. The organization ran a surplus of $432K, a strong 18% operating margin.

Mission

Organizations Misson is to be a premier regional art museum for San Diego and Southern California and a leader of arts culture in North County San Diego. OMA fosters and promotes the study, appreciation and understanding of art, with special focus on regional art, through its exhibitions, collections, education programs and social experiences for the cultural enhancement of people in North San Diego County. OMA has increased the quality and quantity of exhibition programming in the past few years, opened program spaces Del Mar satellite and lower level museum classroom, exerted convening and collaboration-building leadership in Oceanside formation of the North County Arts Network, expanded adult and youth arts educational programs, and worked towards launching some new arts community events for the region.

Program Service Accomplishments

Program 1

Expenses: $1,450,259 Revenue: $158,924

Oceanside Museum of Art OMA has three major focus areas include engaging exhibitions, impactful education, and championing regional artists. With hundreds of original works by Southern California...

Oceanside Museum of Art OMA has three major focus areas include engaging exhibitions, impactful education, and championing regional artists. With hundreds of original works by Southern California artists in its permanent collection, and 10 to 15 changing exhibitions throughout the year, OMA is known along the cultural corridor between Los Angeles and the Baja Peninsula for vanguard exhibitions of national and international interest. OMA is the nexus of the arts and culture community in North County and generates 5M in annual economic impact on the regional economy. Over 30,000 visitors explore the museum and its programs annually through robust exhibitions, community-based events, adult artmaking classes, award winning youth arts education programs to combat Oceansides early childhood literacy crisis and arts integrated STEM programs, and a broad range of public humanities and cultural programming.

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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 $2,184,138

Program Service Revenue $158,924

Investment Income $47,339

Other Revenue $49,557

TOTAL REVENUE $2,439,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,129,825

Fundraising Expenses $275,489

Program Expenses $1,450,259

Other Expenses $877,921

TOTAL EXPENSES $2,007,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,439,958	$2,323,154	+0.1%
Expenses	$2,007,746	$2,037,078	0.0%
Net Income	$432,212	$286,076	+0.5%

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

180

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

$190,344

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maria Mingalone	Executive Director	040.00	Officer	$163,973	$26,371	$190,344
Marilyn Agredano	Trustee	000.25	Director	$0	$0	$0
David Arnold	Trustee	000.25	Director	$0	$0	$0
Helen Frey	Treasurer	000.25	Officer Director	$0	$0	$0
Regina Wilson	Trustee	001.00	Director	$0	$0	$0
Paula Doss	Trustee	001.00	Director	$0	$0	$0
Aaron Shebest	Trustee	001.00	Director	$0	$0	$0
Cadie Browne Lee	Trustee	000.25	Director	$0	$0	$0
Cathy Crowser	Trustee	000.25	Director	$0	$0	$0
Allyson Handley	President	001.00	Officer Director	$0	$0	$0
Scott Bruckner	Secretary	001.00	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
2024	$2,439,958	$2,007,746	$6,523,458	$432,212
2023	$2,323,154	$2,037,078	$6,016,658	$286,076
2022	$1,878,837	$1,788,732	$5,552,915	$90,105
2021	$1,917,426	$1,286,081	$5,560,999	$631,345
2020	$947,209	$1,182,468	$4,985,039	$-235,259
2019	$1,214,560	$1,177,111	$4,931,625	$37,449
2018	$1,026,573	$1,079,056	$4,850,900	$-52,483