MINNESOTA MUSEUM OF AMERICAN ART (EIN 410726138) - 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

1927

Legal Domicile

Principal Officer

KATHERINE BEANE

Phone

6517974057

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA MUSEUM OF AMERICAN ART, founded in 1927, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.1M in total revenue in fiscal year 2024. Revenue surged 677% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.1M, a strong 70% operating margin.

Mission

THE M INSPIRES UNDERSTANDINGS OF IDENTITIES, EXPERIENCES, AND COMPLEX TRUTHS THROUGH AMERICAN ART.

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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 $10,019,519

Program Service Revenue $4,774

Investment Income $69,499

Other Revenue $45,062

TOTAL REVENUE $10,138,854

Expense Breakdown

Grants Paid $191,989

Salaries & Benefits $1,189,986

Fundraising Expenses $450,353

Program Expenses $2,284,116

Other Expenses $1,649,421

TOTAL EXPENSES $3,033,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,138,854	$1,304,467	+6.8%
Expenses	$3,033,885	$2,807,824	+0.1%
Net Income	$7,104,969	$-1,503,357	-5.7%

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

100

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

$183,970

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN PIFER	CHAIR	1.00	Officer Director	$0	$0	$0
GERRY STENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM BEASTROM	TREASURER	1.00	Officer Director	$0	$0	$0
PATTY WHITAKER	SECRETARY (1ST HALF OF YEAR)	1.00	Officer Director	$0	$0	$0
DARLENE ST CLAIR	SECRETARY (2ND HALF OF YEAR)	1.00	Officer Director	$0	$0	$0
BRENDA CHILD	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE CORRIE	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA KLAAS	TRUSTEE	1.00	Director	$0	$0	$0
WALT LEHMANN	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA NORBY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SAMMLER-JONES	TRUSTEE	1.00	Director	$0	$0	$0
QADIRRAH SELTZ	TRUSTEE	1.00	Director	$0	$0	$0
DAMEUN STRANGE	TRUSTEE	1.00	Director	$0	$0	$0
MARK TAYLOR	TRUSTEE	1.00	Director	$0	$0	$0
DR KATE BEANE	EXECUTIVE DIRECTOR	40.00	Officer	$163,965	$20,005	$183,970

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	$10,138,854	$3,033,885	$16,538,603	$7,104,969
2024	No data	No data	No data	No data
2023	$5,798,234	$2,716,180	$11,992,219	$3,082,054
2022	$1,499,963	$2,455,675	$9,032,036	$-955,712
2021	$2,131,613	$2,325,326	$10,375,521	$-193,713
2020	$3,151,945	$2,869,780	$10,411,632	$282,165
2019	$5,242,193	$3,309,665	$9,348,727	$1,932,528
2018	$2,868,752	$1,586,550	$7,512,667	$1,282,202

MINNESOTA MUSEUM OF AMERICAN ART