SOUTH BEND MUSEUM OF ART

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

SOUTH BEND, IN

Total Revenue
$1,225,951
Total Expenses
$1,176,031
Total Assets
$3,433,441
Net Assets
$3,292,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
IN
Principal Officer
LISA SHAFFER
Phone
5742359102
Tax Period
2025-01-01 to 2025-12-31

SOUTH BEND MUSEUM OF ART, founded in 1947, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2025. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.2M left a modest 4% surplus.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $534,139

MEMBERSHIP AND MUSEUM OPERATIONS, RELATED TO THE MUSEUM'S MISSION OF EDUCATING THE COMMUNITY IN APPRECIATION OF ART.

Program 2
Expenses: $18,535

ART EDUCATION CLASSES FOR STUDENTS AND ADULTS LOOKING TO SHOWCASE APPRECIATION IN ART.

Program 3
Expenses: $84,388

TO SHOWCASE ART EXHIBITS AND COLLECTIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $265,979
Program Service Revenue $796,184
Investment Income $159,894
Other Revenue $3,894
TOTAL REVENUE $1,225,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $727,804
Fundraising Expenses $33,543
Program Expenses $637,062
Other Expenses $448,227
TOTAL EXPENSES $1,176,031

Year-over-Year Comparison

2025 2024 Change
Revenue $1,225,951 $1,089,461 +0.1%
Expenses $1,176,031 $1,166,895 +0.0%
Net Income $49,920 $-77,434 -1.6%
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
22
Independent Members
22
Employees
51
Volunteers
175

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
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DRU CASH TRUSTEE N/A
Director
$0 $0 $0
MARK COSTELLO TRUSTEE N/A
Director
$0 $0 $0
KYLE EVERETT VICE PRESIDE N/A
Officer Director
$0 $0 $0
JUDY FERRARA TRUSTEE N/A
Director
$0 $0 $0
AUSTIN GAMMAGE TRUSTEE N/A
Director
$0 $0 $0
ALFRED GUILLAUME TRUSTEE N/A
Director
$0 $0 $0
ELIZABETH MARSHALL SECRETARY N/A
Director
$0 $0 $0
DAVID MARTIN TRUSTEE N/A
Director
$0 $0 $0
ANGELO RAY MARTINEZ TRUSTEE N/A
Director
$0 $0 $0
DEB HERSHEY MILLER TRUSTEE N/A
Director
$0 $0 $0
MARY LOU MULLEN TRUSTEE N/A
Director
$0 $0 $0
BENJAMIN PERRY TRUSTEE N/A
Director
$0 $0 $0
ALLY POWERS TRUSTEE N/A
Officer Director
$0 $0 $0
NANCY REMKE TRUSTEE ART N/A
Director
$0 $0 $0
ANTONIO SERGIO TREASURER N/A
Officer Director
$0 $0 $0
CARI SHEIN TRUSTEE N/A
Director
$0 $0 $0
MARIKA SMITH ART CENTER F N/A
Officer Director
$0 $0 $0
DR RUTH WARREN VICE PRESIDE N/A
Officer Director
$0 $0 $0
NANCI YOKOM PRESIDENT N/A
Officer Director
$0 $0 $0
LISA SHAFFER EXECUTIVE DI N/A
Officer
$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 $1,225,951 $1,176,031 $3,433,441 $49,920
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
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