SOUTH BEND MUSEUM OF ART

EIN: 350844563 501(c)(3) Arts, Culture & Humanities

SOUTH BEND, IN

Total Revenue
$1,089,461
Total Expenses
$1,166,895
Total Assets
$3,143,907
Net Assets
$3,004,221
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
IN
Principal Officer
LISA SHAFFER
Phone
5742359102
Tax Period
2024-01-01 to 2024-12-31

SOUTH BEND MUSEUM OF ART, founded in 1947, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $3.0M represent 33 months of operating reserves.

Mission

TO PROMOTE THE EDUCATION AND ADVANCEMENT OF ART IN THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, AND SURROUNDING AREAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $169,054
Program Service Revenue $789,935
Investment Income $126,822
Other Revenue $3,650
TOTAL REVENUE $1,089,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $734,376
Fundraising Expenses $36,516
Program Expenses $619,214
Other Expenses $432,519
TOTAL EXPENSES $1,166,895

Year-over-Year Comparison

2024 2023 Change
Revenue $1,089,461 $988,722 +0.1%
Expenses $1,166,895 $1,123,690 +0.0%
Net Income $-77,434 $-134,968 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
22
Independent Members
22
Employees
48
Volunteers
215

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
7
$125,000
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA SHAFFER EXECUTIVE DI 40.00
Officer
$125,000 $0 $125,000
DRU CASH TRUSTEE 2.00
Director
$0 $0 $0
MARK COSTELLO TRUSTEE 2.00
Director
$0 $0 $0
KYLE EVERETT VICE PRESIDE 2.00
Officer Director
$0 $0 $0
JUDY FERRARA TRUSTEE 2.00
Director
$0 $0 $0
AUSTIN GAMMAGE TRUSTEE 2.00
Director
$0 $0 $0
ALFRED GUILLAUME TRUSTEE 2.00
Director
$0 $0 $0
ELIZABETH MARSHALL SECRETARY 2.00
Director
$0 $0 $0
DAVID MARTIN TRUSTEE 2.00
Director
$0 $0 $0
ANGELO RAY MARTINEZ TRUSTEE 2.00
Director
$0 $0 $0
DEB HERSHEY MILLER TRUSTEE 2.00
Director
$0 $0 $0
MARY LOU MULLEN TRUSTEE 2.00
Director
$0 $0 $0
BENJAMIN PERRY TRUSTEE 2.00
Director
$0 $0 $0
ALLY POWERS TRUSTEE 2.00
Officer Director
$0 $0 $0
NANCY REMKE TRUSTEE ART 2.00
Director
$0 $0 $0
ANTONIO SERGIO TREASURER 2.00
Officer Director
$0 $0 $0
CARI SHEIN TRUSTEE 2.00
Director
$0 $0 $0
MARIKA SMITH ART CENTER F 2.00
Officer Director
$0 $0 $0
DR RUTH WARREN VICE PRESIDE 2.00
Officer Director
$0 $0 $0
NANCI YOKOM PRESIDENT 2.00
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 $1,089,461 $1,166,895 $3,143,907 $-77,434
2023 $988,722 $1,123,690 $3,003,623 $-134,968
2022 $1,443,788 $1,134,326 $2,851,913 $309,462
2021 $3,203,304 $975,977 $2,880,616 $2,227,327
2020 $719,149 $757,088 $953,277 $-37,939
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTH BEND MUSEUM OF ART with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.