RICHMOND ART MUSEUM (EIN 356005040) - 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

1898

Legal Domicile

Principal Officer

SHAUN DINGWERTH

Phone

7659660256

Tax Period

2024-06-01 to 2025-05-31

RICHMOND ART MUSEUM, founded in 1898, is a small nonprofit in the Arts, Culture & Humanities sector that reported $670K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 24% operating margin.

Mission

PROMOTE ART CULTURE/APPRECIATION

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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 $244,929

Program Service Revenue $107,276

Investment Income $232,462

Other Revenue $85,777

TOTAL REVENUE $670,444

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,264

Fundraising Expenses $43,031

Program Expenses $354,182

Other Expenses $252,970

TOTAL EXPENSES $506,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,444	$528,388	+0.3%
Expenses	$506,234	$506,073	+0.0%
Net Income	$164,210	$22,315	+6.4%

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

$126,506

Total Directors

$126,506

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE STULTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM ALBERTS	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
MARILYN MARTUS	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
JENNIFER LEWIS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRY JOHNSTON	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
ROBIN HENRY	TREASURER	1.00	Officer Director	$0	$0	$0
ANNA GOLDEN	TRUSTEE	1.00	Director	$0	$0	$0
CHERI JETMORE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MCCURDY	TRUSTEE	1.00	Director	$0	$0	$0
BECKY DIMICK-EASTMAN	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN DAVIS	SPECIAL ADVISOR	1.00	Officer Director	$0	$0	$0
MARCIA FOSTER	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS EVRARD	SECRETARY	1.00	Officer Director	$0	$0	$0
GINGER GRAY	TRUSTEE	1.00	Director	$0	$0	$0
ANNETTE WARFEL	TRUSTEE	1.00	Director	$0	$0	$0
KATHY GIRTEN	TRUSTEE	1.00	Director	$0	$0	$0
KATHY KHAMIS	TRUSTEE	1.00	Director	$0	$0	$0
SHAUN DINGWERTH	EXECUTIVE DIRECTOR	40.00	Officer Director	$91,731	$34,775	$126,506
SUZANNE COX	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER NORTH	TRUSTEE	1.00	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	$670,444	$506,234	$2,747,380	$164,210
2024	$528,388	$506,073	$2,699,368	$22,315
2023	$521,342	$521,421	$2,557,887	$-79
2022	$637,267	$483,509	$2,596,518	$153,758
2021	$562,114	$458,154	$2,874,941	$103,960
2020	$511,869	$501,308	$2,958,894	$10,561
2019	$380,270	$437,307	$2,936,666	$-57,037
2018	$410,878	$392,618	$3,224,936	$18,260

RICHMOND ART MUSEUM