ST LOUIS ART MUSEUM FOUNDATION

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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

1985

Legal Domicile

Principal Officer

CAROLYN J SCHMIDT

Phone

3147210072

Tax Period

2024-01-01 to 2024-12-31

ST LOUIS ART MUSEUM FOUNDATION, founded in 1985, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.7M in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.4M, a strong 65% operating margin.

Mission

THE SOLE PURPOSE OF THE FOUNDATION IS TO SUPPORT THE SAINT LOUIS ART MUSEUM, INCLUDING BUT NOT LIMITED TO FUNDRAISING AND OTHER ACTIVITIES AND ASSISTING IN FINANCING EXPANSION AND RENOVATION OF ITS FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $9,051,539 Revenue: $56,279

THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM IN THE AMOUNT OF $9,051,539 FOR PROGRAMS AND OTHER MUSEUM ACTIVITIES IN 2024.

Program 2

Expenses: $1,061,450

THE ST LOUIS ART MUSEUM FOUNDATION SUPPORTED THE MUSEUM FOR COSTS RELATED TO ART ACCESSIONS IN THE AMOUNT OF $1,061,450 IN 2024.

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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 $10,215,944

Program Service Revenue $56,279

Investment Income $19,443,394

Other Revenue $31,275

TOTAL REVENUE $29,746,892

Expense Breakdown

Grants Paid $10,112,989

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,112,989

Other Expenses $279,423

TOTAL EXPENSES $10,392,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,746,892	$19,614,433	+0.5%
Expenses	$10,392,412	$12,255,496	-0.2%
Net Income	$19,354,480	$7,358,937	+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

N/A

Volunteers

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

$1,443,511

Total Directors

$702,186

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIN JUNG KIM	PRESIDENT & DIR. OF MUSEUM	2.00	Officer Director	$0	$139,760	$702,186
JOHN M HORSEMAN	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID S OBEDIN	TREASURER	0.10	Officer Director	$0	$0	$0
CAROLYN J SCHMIDT	DEPUTY DIRECTOR & CONTROLLER	5.00	Officer	$0	$282,086	$741,325
DAVID A LINENBROKER	SECRETARY	0.10	Officer	$0	$0	$0
MARK MACINSKI	CHIEF OF OPERATIONS AND SECURITY	0.10	Highest	$0	$165,887	$427,035
JENNIFER THOMAS	CHIEF OF STAFF	0.10	Highest	$0	$110,880	$316,648
SEAN O'NEAL	CHIEF DESIGN OFFICER	0.10	Highest	$0	$41,894	$232,379
RENEE FRANKLIN	CHIEF DIVERSITY OFFICER	0.10	Highest	$0	$148,485	$334,520
NANCY CASHEL	DIRECTOR OF HUMAN RESOURCES	0.10	Highest	$0	$82,647	$251,905

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	$29,746,892	$10,392,412	$319,172,186	$19,354,480
2023	$19,614,433	$12,255,496	$292,921,867	$7,358,937
2022	$16,648,359	$7,964,482	$263,920,065	$8,683,877
2021	$22,752,701	$5,608,052	$296,394,608	$17,144,649
2020	$18,190,657	$7,578,048	$253,242,664	$10,612,609
2019	$16,327,893	$7,527,944	$236,735,086	$8,799,949
2018	$22,156,667	$8,214,520	$210,985,015	$13,942,147