BUTLER INSTITUTE OF AMERICAN ART (EIN 340748495) - 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

1919

Legal Domicile

Principal Officer

LARRY JONES

Phone

3307431107

Tax Period

2024-07-01 to 2025-06-30

BUTLER INSTITUTE OF AMERICAN ART, founded in 1919, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 19% operating margin.

Mission

TO PROMOTE THE APPRECIATION OF ART THROUGH COLLECTIONS, EXHIBITS, AND EDUCATION.

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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 $2,300,818

Program Service Revenue $41,350

Investment Income $3,257,077

Other Revenue $11,225

TOTAL REVENUE $5,610,470

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,160,563

Fundraising Expenses $263,923

Program Expenses $2,743,998

Other Expenses $2,398,093

TOTAL EXPENSES $4,558,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,610,470	$4,940,548	+0.1%
Expenses	$4,558,656	$4,199,956	+0.1%
Net Income	$1,051,814	$740,592	+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

$265,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED SCHMIDT	PRESIDENT	1.00	Officer Director	$0	$0	$0
RYAN MARTINO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANKLIN S BENNETT	TREASURER	1.00	Officer Director	$0	$0	$0
VINCENT BACON	TRUSTEE	1.00	Officer Director	$0	$0	$0
DR DEE BANKS	TRUSTEE	1.00	Director	$0	$0	$0
RON BARRON	TRUSTEE	1.00	Director	$0	$0	$0
DR MICHAEL SHULTZ	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM J BRESNAHAN	TRUSTEE	1.00	Director	$0	$0	$0
MARK BROWN	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN RONDINELLI	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HUMPHRIES	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA SALOOM	TRUSTEE	1.00	Director	$0	$0	$0
ATTY NILS P JOHNSON JR	TRUSTEE	1.00	Director	$0	$0	$0
LARRY JONES	TRUSTEE	1.00	Director	$0	$0	$0
DR NICHOLAS KATZ	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS M LUMSDEN JR	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES W MASTERS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS MCNICKLE	TRUSTEE	1.00	Director	$0	$0	$0
DR CONSUELO MENDEZ	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD MOORE	TRUSTEE	1.00	Director	$0	$0	$0
JUDGE BENITA Y PEARSON	TRUSTEE	1.00	Director	$0	$0	$0
LEE SCHWEBEL	TRUSTEE	1.00	Director	$0	$0	$0
GLENN STEVENS	TRUSTEE	1.00	Director	$0	$0	$0
REEMA TANEJA MD	TRUSTEE	1.00	Director	$0	$0	$0
MOLLY SEALS	TRUSTEE	1.00	Director	$0	$0	$0
FRANK TUROCY	TRUSTEE	1.00	Director	$0	$0	$0
ATTY JEFFERY WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
NORMA JEAN WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS J ZENNARIO	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT ZOLDAN	TRUSTEE	1.00	Director	$0	$0	$0
DON TUCKER	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS J CAVALIER	TRUSTEE	1.00	Director	$0	$0	$0
GARY BITONTE MD	TRUSTEE	1.00	Director	$0	$0	$0
JUDGE CARLA J BALDWIN	TRUSTEE	1.00	Director	$0	$0	$0
DR JOHN DUNNE	TRUSTEE	1.00	Director	$0	$0	$0
DR DEAN ECONOMUS	SECRETARY	1.00	Director	$0	$0	$0
DAVID SHIREY	TRUSTEE	1.00	Director	$0	$0	$0
DR LOUIS ZONA	EXECUTIVE DIRECTOR	40.00	Officer	$225,000	$0	$225,000
KELLY DARNEY	ACCOUNTING DIRECTOR	40.00	Officer	$22,767	$18,187	$40,954

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	$5,610,470	$4,558,656	$75,295,223	$1,051,814
2024	$4,977,360	$4,343,013	$70,338,587	$634,347
2024	$4,940,548	$4,199,956	$70,338,587	$740,592
2023	$4,627,797	$3,541,003	$65,649,957	$1,086,794
2022	$5,561,162	$3,193,313	$88,830,217	$2,367,849
2021	$11,211,840	$3,060,722	$96,941,465	$8,151,118
2020	$1,996,930	$3,234,426	$80,654,144	$-1,237,496
2019	$7,748,606	$3,159,928	$81,841,876	$4,588,678

BUTLER INSTITUTE OF AMERICAN ART