RACINE, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RACINE ART MUSEUM ASSOCIATION INC, founded in 1939, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 26% operating deficit.
THE MISSION OF THE RACINE ART MUSEUM IS TO EXHIBIT, COLLECT, PRESERVE, AND EDUCATE IN THE CONTEMPORARY VISUAL ARTS.
STUDIO ART CLASS EDUCATION - RAMA'S WUSTUM MUSEUM HAS ONE OF THE LARGEST MUSEUM-BASED STUDIO ART PROGRAMS IN WISCONSIN. SINCE THE MUSEUM OPENED IN 1941, MORE THAN 40 AFFORDABLE STUDIO ART COURSES IN...
STUDIO ART CLASS EDUCATION - RAMA'S WUSTUM MUSEUM HAS ONE OF THE LARGEST MUSEUM-BASED STUDIO ART PROGRAMS IN WISCONSIN. SINCE THE MUSEUM OPENED IN 1941, MORE THAN 40 AFFORDABLE STUDIO ART COURSES IN VARIOUS MEDIA ARE OFFERED EACH SEMESTER AND DURING THE SUMMER FOR CHILDREN AND ADULTS. STUDENTS OF ALL AGES AND SKILL LEVELS - BEGINNING TO ADVANCED - LEARN SIDE-BY-SIDE WITH INSTRUCTORS WHO ARE WORKING ARTISTS, KNOWN LOCALLY AND NATIONALLY FOR THEIR TALENT. COSTS VARY DEPENDING UPON THE LENGTH OF CLASS AND MATERIALS. SOME CLASSES REQUIRE THE PURCHASE OF ADDITIONAL SUPPLIES.
EXHIBITIONS - RAMA SPONSORS 7 BLOCKS OF FINE ART EXHIBITIONS ANNUALLY IN TWO MUSEUMS WHICH ATTRACT OVER 50,000 VISITORS. RAMA REPRESENTS ARTISTS IN SOLO, GROUP AND JURIED EXHIBITIONS. MEMBERSHIP...
EXHIBITIONS - RAMA SPONSORS 7 BLOCKS OF FINE ART EXHIBITIONS ANNUALLY IN TWO MUSEUMS WHICH ATTRACT OVER 50,000 VISITORS. RAMA REPRESENTS ARTISTS IN SOLO, GROUP AND JURIED EXHIBITIONS. MEMBERSHIP INCLUDES UNLIMITED FREE MUSEUM ADMISSION AND REDUCED RATES ON CLASSES AND WORKSHOPS AND RETAIL STORE DISCOUNTS.
RAMA OFFERS REASONABLY PRICED MEETING ROOM RENTALS FOR BUSINESSES, GROUPS, AND INDIVIDUALS ALONG WITH ENRICHMENT OPPORTUNITIES INCLUDING CURATORIAL PRESENTATIONS, MUSEUM TOURS, AND HANDS-ON ART...
RAMA OFFERS REASONABLY PRICED MEETING ROOM RENTALS FOR BUSINESSES, GROUPS, AND INDIVIDUALS ALONG WITH ENRICHMENT OPPORTUNITIES INCLUDING CURATORIAL PRESENTATIONS, MUSEUM TOURS, AND HANDS-ON ART PROJECTS FOR GROUP RETREATS, TEAM BUILDING, AND PROJECT PLANNING. RAMA PROVIDES A MUSEUM STORE FOR THE CONVENIENCE OF VISITORS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,979,918 | $2,823,820 | -0.3% |
| Expenses | $2,491,124 | $2,264,920 | +0.1% |
| Net Income | $-511,206 | $558,900 | -1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRUCE PEPICH | EXECUTIVE DIR. | 40.00 |
Officer
|
$193,369 | $14,695 | $208,064 |
| JOHN CRIMMINGS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEBRA KARP | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUSTIN PETERMAN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLAIR HOLLAND | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC MEIER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY MAY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA MAASKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JANET POBAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK JANIUK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VINCENT VENEGAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LORETTA OLSEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA MILLION | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES C SMALL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE ZIERTEN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARL HIPP | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY WHEELER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NICHOLE ELCANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN BOLAND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA MARIE BARBER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINEA ANTHONY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES WALKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE FARBO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE ROBERTS MCKEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIA OAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOBY SIMPKINS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,979,918 | $2,491,124 | $12,492,523 | $-511,206 |
| 2023 | $2,823,820 | $2,264,920 | $12,898,528 | $558,900 |
| 2022 | $2,118,021 | $2,200,688 | $11,889,290 | $-82,667 |
| 2021 | $1,971,714 | $1,946,092 | $13,099,169 | $25,622 |
| 2020 | $1,465,725 | $1,832,166 | $12,408,720 | $-366,441 |
| 2019 | $1,985,211 | $1,924,334 | $12,662,826 | $60,877 |
| 2018 | $2,454,747 | $1,932,443 | $11,839,792 | $522,304 |
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