MILWAUKEE ART MUSEUM INC (EIN 390806316) - 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

1910

Legal Domicile

Principal Officer

MARCELLE POLEDNIK

Phone

4142243200

Tax Period

2023-09-01 to 2024-08-31

MILWAUKEE ART MUSEUM INC, founded in 1910, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $21.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $153.4M represent 85 months of operating reserves.

Mission

THE MILWAUKEE ART MUSEUM COLLECTS AND PRESERVES ART, PRESENTING IT TO THE COMMUNITY AS A VITAL SOURCE OF INSPIRATION AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,395,449

Program Service Revenue $2,353,649

Investment Income $7,275,003

Other Revenue $572,618

TOTAL REVENUE $21,596,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,901,619

Fundraising Expenses $2,342,340

Program Expenses $16,384,728

Other Expenses $11,944,728

TOTAL EXPENSES $22,857,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,596,719	$22,814,015	-0.1%
Expenses	$22,857,737	$20,849,845	+0.1%
Net Income	$-1,261,018	$1,964,170	-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

Governance

Voting Members

Independent Members

Employees

330

Volunteers

291

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

$804,706

Total Directors

Key Employees

$592,942

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY W YABUKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHY THORNTON-BIAS	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX C KRAMER	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS ABELE	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL BADER	TRUSTEE	1.00	Director	$0	$0	$0
DONALD W BAUMGARTNER	TRUSTEE	1.00	Director	$0	$0	$0
DONNA BAUMGARTNER	TRUSTEE	1.00	Director	$0	$0	$0
WILL BELKE	TRUSTEE	1.00	Director	$0	$0	$0
RANDY BRYANT	TRUSTEE (THRU JUNE 2024)	1.00	Director	$0	$0	$0
RICHARD BUCHBAND	TRUSTEE	1.00	Director	$0	$0	$0
JOE CHECOTA	TRUSTEE	1.00	Director	$0	$0	$0
PETER DAMSGAARD	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDER P FRASER	TRUSTEE (THRU JUNE 2024)	1.00	Director	$0	$0	$0
ELLEN GLAISNER	TRUSTEE	1.00	Director	$0	$0	$0
MICHELLE GRABNER	TRUSTEE (THRU SEP 2023)	1.00	Director	$0	$0	$0
JOE GROMACKI	TRUSTEE	1.00	Director	$0	$0	$0
WILIAM HAACK	TRUSTEE	1.00	Director	$0	$0	$0
CARMEN HABERMAN	TRUSTEE (THRU JAN 2024)	1.00	Director	$0	$0	$0
BRIAN KENNEDY	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY S KRAUSEN	TRUSTEE	1.00	Director	$0	$0	$0
ROSANNE KROPP	TRUSTEE	1.00	Director	$0	$0	$0
RAYMOND R KRUEGER	TRUSTEE	1.00	Director	$0	$0	$0
TOM LACY	TRUSTEE	1.00	Director	$0	$0	$0
PETER LARSON	TRUSTEE	1.00	Director	$0	$0	$0
JOAN LUBAR	TRUSTEE	1.00	Director	$0	$0	$0
MARIANNE LUBAR	TRUSTEE	1.00	Director	$0	$0	$0
SHELDON B LUBAR	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE LUEDERS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL P MAHONEY	TRUSTEE	1.00	Director	$0	$0	$0
MARCELIA NICHOLSON	TRUSTEE	1.00	Director	$0	$0	$0
ANDY NUNEMAKER	TRUSTEE	1.00	Director	$0	$0	$0
JILL PELISEK	TRUSTEE	1.00	Director	$0	$0	$0
SANDE ROBINSON	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN SAITO YUILLE	TRUSTEE (THRU SEP 2023)	1.00	Director	$0	$0	$0
SUZANNE SELIG	TRUSTEE	1.00	Director	$0	$0	$0
MARY STROHMAIER	TRUSTEE	1.00	Director	$0	$0	$0
SYMPHONY SWAN-ZAWADI	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE SYMCHYCH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN UTZ	TRUSTEE	1.00	Director	$0	$0	$0
DAN WILHELMS	TRUSTEE	1.00	Director	$0	$0	$0
SARAH ZIMMERMAN	TRUSTEE	1.00	Director	$0	$0	$0
MARCELLE POLEDNIK	DONNA & DONALD BAUMGARTNER DIRECTOR	49.00	Officer	$559,043	$30,475	$589,518
ALISSA KARL	CFO & COO	40.00	Officer	$208,475	$6,713	$215,188
ANDRE ALLAIRE	CHIEF DEVELOPMENT OFFICER	50.00	Key Emp	$227,331	$6,147	$233,478
ELIZABETH SIEGEL	CHIEF OF CURATORIAL AFFAIRS	50.00	Key Emp	$176,295	$19,374	$195,669
AMY KIRSCHKE	BBL CHIEF OF LEARNING & ENGAGEMENT	50.00	Key Emp	$152,395	$11,400	$163,795
LINDA WOODS	CHIEF OF PEOPLE AFFAIRS	50.00	Highest	$140,190	$25,083	$165,273
MARGARET ANDERA	SENIOR CURATOR OF CONTEMPORARY ART	50.00	Highest	$133,916	$25,200	$159,116
KANTARA SOUFFRANT	SENIOR DIRECTOR OF COMMUNITY PROGRAMS	50.00	Highest	$144,307	$4,504	$148,811
DANIEL SOMERS	DIRECTOR OF FACILITIES	40.00	Highest	$126,655	$17,657	$144,312
TIMOTHY HAPEMAN	DIRECTOR OF INFORMATION SYSTEMS	40.00	Highest	$108,408	$24,284	$132,692

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	$21,596,719	$22,857,737	$156,865,565	$-1,261,018
2023	$22,814,015	$20,849,845	$157,935,044	$1,964,170
2022	$18,661,331	$18,957,752	$151,487,160	$-296,421
2021	$17,721,477	$16,488,889	$162,007,595	$1,232,588
2020	$17,004,184	$18,433,868	$151,673,812	$-1,429,684
2019	$22,991,064	$21,228,585	$150,239,516	$1,762,479
2018	$20,049,200	$20,256,844	$148,120,153	$-207,644

MILWAUKEE ART MUSEUM INC