Canton Museum of Art

EIN: 340733127 501(c)(3) Arts, Culture & Humanities

Canton, OH

Total Revenue
$1,673,166
Total Expenses
$1,848,818
Total Assets
$6,626,276
Net Assets
$6,212,785
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
OH
Principal Officer
Max Barton
Phone
3304537666
Tax Period
2023-07-01 to 2024-06-30

Canton Museum of Art, founded in 1935, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE CANTON MUSEUM OF ART IS WHERE ART MEETS LIFE, PROVIDING OPPORTUNITIES FOR EVERYONE TO DISCOVER, EXPLORE, LEARN, AND BE INSPIRED THROUGH A CONNECTION WITH AMERICAN 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,187,763
Program Service Revenue $177,135
Investment Income $242,068
Other Revenue $66,200
TOTAL REVENUE $1,673,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $738,353
Fundraising Expenses $229,541
Program Expenses $1,179,938
Other Expenses $1,110,465
TOTAL EXPENSES $1,848,818

Year-over-Year Comparison

2023 2022 Change
Revenue $1,673,166 $1,524,644 +0.1%
Expenses $1,848,818 $1,737,415 +0.1%
Net Income $-175,652 $-212,771 -0.2%
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

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Governance

Voting Members
13
Independent Members
13
Employees
46
Volunteers
280

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
5
$95,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAX BARTON II EXECUTIVE DIRECTOR 40.0
Officer
$95,000 $0 $95,000
THOMAS BORDEN TRUSTEE 1.0
Director
$0 $0 $0
DR Virginia Banks TRUSTEE 1.0
Director
$0 $0 $0
CHRISTINE PETERSON TRUSTEE 1.0
Director
$0 $0 $0
CARRIE SIBILA Treasurer 1.0
Officer Director
$0 $0 $0
VICKY STERLING TRUSTEE 1.0
Director
$0 $0 $0
TERESA GOLDEN-MCCLELLAND Secretary 1.0
Officer Director
$0 $0 $0
DR PAUL TURGEON President 1.0
Officer Director
$0 $0 $0
Robin Kratzer TRUSTEE 1.0
Director
$0 $0 $0
MARK SPANER Vice President 1.0
Officer Director
$0 $0 $0
LISA TURKALI - PAINTER TRUSTEE 1.0
Director
$0 $0 $0
Joe Ostrowske Trustee 1.0
Director
$0 $0 $0
Joe Feltes TRUSTEE 1.0
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
2025 No data No data No data No data
2024 $1,673,166 $1,848,818 $6,626,276 $-175,652
2023 $1,524,644 $1,737,415 $6,446,452 $-212,771
2022 $1,826,074 $1,541,417 $5,958,269 $284,657
2021 $1,737,868 $1,744,751 $6,871,733 $-6,883
2020 $2,813,967 $1,466,592 $5,608,132 $1,347,375
2019 $1,580,097 $1,480,914 $5,102,691 $99,183
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