CEDAR RAPIDS MUSEUM OF ART (EIN 420680248) - 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

1911

Legal Domicile

Principal Officer

SEAN ULMER

Phone

3193667503

Tax Period

2024-07-01 to 2025-06-30

CEDAR RAPIDS MUSEUM OF ART, founded in 1911, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.4M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO EXCITE, ENGAGE, AND EDUCATE THROUGH 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 $755,540

Program Service Revenue $44,479

Investment Income $280,563

Other Revenue $-17,350

TOTAL REVENUE $1,063,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,133

Fundraising Expenses $78,280

Program Expenses $1,105,433

Other Expenses $737,633

TOTAL EXPENSES $1,417,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,063,232	$1,008,916	+0.1%
Expenses	$1,417,766	$1,428,426	0.0%
Net Income	$-354,534	$-419,510	-0.2%

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

196

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

$143,231

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONES SAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
RINGS RANDY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KARL JOANA	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIGHT DAVID	TREASURER	1.00	Officer Director	$0	$0	$0
BAKER JOHN	TRUSTEE	1.00	Director	$0	$0	$0
CALMAN BRENDA	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES TIM	TRUSTEE	1.00	Director	$0	$0	$0
COLLER BRIAN	TRUSTEE	1.00	Director	$0	$0	$0
DEBOOM TOM	TRUSTEE	1.00	Director	$0	$0	$0
DUSEK DINA	TRUSTEE	1.00	Director	$0	$0	$0
GONDER JACK	TRUSTEE	1.00	Director	$0	$0	$0
HEINS KISSY	TRUSTEE	1.00	Director	$0	$0	$0
HOLLENBECK RYAN	TRUSTEE	1.00	Director	$0	$0	$0
LASANSKY DIEGO	TRUSTEE	1.00	Director	$0	$0	$0
LIVENGOOD HILERY	TRUSTEE	1.00	Director	$0	$0	$0
MCCARTAN WILLIAM	TRUSTEE	1.00	Director	$0	$0	$0
MINETTE KATE	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL ELIZABETH	TRUSTEE	1.00	Director	$0	$0	$0
MORAN MEGAN	TRUSTEE	1.00	Director	$0	$0	$0
ROGERS JENNIFER	TRUSTEE	1.00	Director	$0	$0	$0
SEELMAN BRETT	TRUSTEE	1.00	Director	$0	$0	$0
SEVERIN STEPHANIE	TRUSTEE	1.00	Director	$0	$0	$0
SHIVE CINDE	TRUSTEE	1.00	Director	$0	$0	$0
WOOLSTENHULME MICAH	TRUSTEE	1.00	Director	$0	$0	$0
ULMER SEAN	EXECUTIVE DIRECTOR	40.00	Officer	$128,260	$14,971	$143,231

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	$1,063,232	$1,417,766	$11,225,411	$-354,534
2024	$1,008,916	$1,428,426	$11,286,657	$-419,510
2023	$1,111,034	$1,448,282	$11,228,624	$-337,248
2022	$1,897,118	$1,493,319	$10,975,724	$403,799
2021	$1,047,585	$1,401,148	$11,861,813	$-353,563
2020	$898,070	$1,392,055	$11,101,986	$-493,985
2019	$953,997	$1,353,240	$11,444,857	$-399,243
2018	$1,049,178	$1,301,987	$11,584,427	$-252,809

CEDAR RAPIDS MUSEUM OF ART