AKRON ART MUSEUM (EIN 340813426) - 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

1922

Legal Domicile

Principal Officer

JON FIUME

Phone

3303769186

Tax Period

2024-07-01 to 2025-06-30

AKRON ART MUSEUM, founded in 1922, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 20% operating margin.

Mission

TO ENRICH LIVES THROUGH MODERN AND CONTEMPORARY 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,902,607

Program Service Revenue $402,801

Investment Income $2,405,896

Other Revenue $368,324

TOTAL REVENUE $8,079,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,854,831

Fundraising Expenses $477,205

Program Expenses $4,939,471

Other Expenses $3,636,838

TOTAL EXPENSES $6,491,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,079,628	$7,151,047	+0.1%
Expenses	$6,491,669	$5,593,443	+0.2%
Net Income	$1,587,959	$1,557,604	+0.0%

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

$665,259

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANUSHA GIBSON	PRESIDENT	15.00	Officer Director	$0	$0	$0
TRACY BURT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DOUGLAS HARLEY	TREASURER	5.00	Officer Director	$0	$0	$0
MEGHAN BERINGER	SECRETARY	2.00	Officer Director	$0	$0	$0
DR NJAKBAR	TRUSTEE	2.00	Director	$0	$0	$0
ROSE ANDREWS	TRUSTEE	2.00	Director	$0	$0	$0
LYN BOBER	TRUSTEE	2.00	Director	$0	$0	$0
ROXIA BOYKIN	TRUSTEE	2.00	Director	$0	$0	$0
NANCY BRENNAN	TRUSTEE	2.00	Director	$0	$0	$0
KARA BUCKLER	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL CARGLE	TRUSTEE	2.00	Director	$0	$0	$0
PATRICK CARNEY	TRUSTEE	2.00	Director	$0	$0	$0
DIANE DAVIS-SIKORA	TRUSTEE	2.00	Director	$0	$0	$0
TRACY DOWE	TRUSTEE	2.00	Director	$0	$0	$0
LAURAJEANNE FLIGOR	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS HITE	TRUSTEE	2.00	Director	$0	$0	$0
RAMONA HOOD	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN LAPOLLA	TRUSTEE	2.00	Director	$0	$0	$0
MITCHELL MCKINNEY	TRUSTEE	2.00	Director	$0	$0	$0
STEVE MYERS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN NAJEWAY	TRUSTEE	2.00	Director	$0	$0	$0
CASEY NANCE	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS NIEKAMP	TRUSTEE	2.00	Director	$0	$0	$0
DEDEE O'NEIL	TRUSTEE	2.00	Director	$0	$0	$0
KENDRA PHILON	TRUSTEE	2.00	Director	$0	$0	$0
SUZANNE WOODS	TRUSTEE	2.00	Director	$0	$0	$0
JON FIUME	DIRECTOR & CEO	60.00	Officer	$237,966	$12,696	$250,662
MARY BOYLAN	DIRECTOR OF ACCOUNTING	50.00	Officer	$114,682	$9,405	$124,087
ALEXANDRA VUKODER	CHIEF ADVANCEMENT & MARKETING OFFICER	50.00	Officer	$135,917	$6,372	$142,289
JOSEPH WALTON	DIRECTOR OF DESIGN	50.00	Officer	$106,758	$3,992	$110,750
JENNIFER GEROW START 111324	CHIEF CURATOR	50.00	Officer	$10,350	$66	$10,416
BRIAN BARTLETT START 090824	DIRECTOR OF OPERATIONS	50.00	Officer	$26,923	$132	$27,055

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	$8,079,628	$6,491,669	$69,792,024	$1,587,959
2024	$7,151,047	$5,593,443	$65,684,826	$1,557,604
2023	$6,901,373	$5,393,514	$61,427,923	$1,507,859
2022	$4,858,452	$4,967,011	$58,514,760	$-108,559
2021	$4,848,222	$3,959,490	$64,153,514	$888,732
2020	$3,038,717	$5,252,041	$55,485,263	$-2,213,324
2019	$3,788,517	$6,015,973	$57,076,680	$-2,227,456

AKRON ART MUSEUM