ELLA SHARP MUSEUM ASSOCIATION OF JACKSON (EIN 381785309) - 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

1964

Legal Domicile

Principal Officer

JEREMY FREW

Phone

5177872320

Tax Period

2024-01-01 to 2024-12-31

ELLA SHARP MUSEUM ASSOCIATION OF JACKSON, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

PROVIDE OPPORTUNITIES FOR EVERYONE TO EXPLORE, ENGAGE IN, AND ENJOY HISTORY AND THE ARTS.

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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 $877,866

Program Service Revenue $48,392

Investment Income $114,644

Other Revenue $59,307

TOTAL REVENUE $1,100,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $614,288

Fundraising Expenses $41,702

Program Expenses $690,814

Other Expenses $880,775

TOTAL EXPENSES $1,495,063

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,100,209	$531,102	+1.1%
Expenses	$1,495,063	$1,468,464	+0.0%
Net Income	$-394,854	$-937,362	-0.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

412

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

$111,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HALMAN	TRUSTEE	2.00	Director	$0	$0	$0
WILL FORGRAVE	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL BUCHANAN	TRUSTEE	2.00	Director	$0	$0	$0
EMILY BALLOW	TRUSTEE	2.00	Director	$0	$0	$0
LAUREN DUNIGAN	TRUSTEE	2.00	Director	$0	$0	$0
GEORGIA FOJTASEK	TRUSTEE	2.00	Director	$0	$0	$0
HENDRIK SCHUUR	TRUSTEE	2.00	Director	$0	$0	$0
ELISE HOUSTON	TRUSTEE	2.00	Director	$0	$0	$0
CLAY MCANDREWS	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS BURKE	TRUSTEE	2.00	Director	$0	$0	$0
ANDY MERRITT	TRUSTEE	2.00	Director	$0	$0	$0
ASHLEY ESSELINK WELLMAN	SECRETARY	4.00	Officer Director	$0	$0	$0
DARRELL NORRIS	TREASURER	4.00	Officer Director	$0	$0	$0
STEVE TROSIN	PRESIDENT	4.00	Officer Director	$0	$0	$0
JEREMY FREW	EXECUTIVE DIRECTOR	40.00	Officer	$111,459	$444	$111,903

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	$1,100,209	$1,495,063	$7,027,353	$-394,854
2023	$531,102	$1,468,464	$7,042,997	$-937,362
2022	$602,401	$1,321,760	$7,259,621	$-719,359
2021	$1,516,174	$964,489	$9,036,855	$551,685
2020	$1,046,732	$1,057,567	$8,280,673	$-10,835
2019	$1,317,141	$1,263,895	$7,868,289	$53,246
2018	$1,310,529	$1,326,844	$7,123,541	$-16,315

ELLA SHARP MUSEUM ASSOCIATION OF JACKSON