FRIENDS OF THE SPRINGFIELD ART MUSEUM INC (EIN 431476636) - 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

1988

Legal Domicile

Principal Officer

SONYA WISE

Phone

4178375700

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE SPRINGFIELD ART MUSEUM INC, founded in 1988, is a small nonprofit that reported $907K in total revenue in fiscal year 2024. Revenue surged 194% from the prior year, signaling strong growth momentum. Net assets of $6.2M represent 82 months of operating reserves.

Mission

DEVELOPING AND PROVIDING FINANCIAL SUPPORT, AND ENCOURAGING THE DEVELOPMENT OF FINANCIAL SUPPORT, FOR THE SPRINGFIELD ART MUSEUM OF THE CITY OF SPRINGFIELD, MISSOURI, AND OF ITS ARTISTIC AND EDUCATIONAL MISSION, AND ITS PUBLIC BUILDING AND PUBLIC WORKS NEEDS, AND THE UNMET OR UNDERFUNDED FINANCIAL NEEDS OF THE SPRINGFIELD ART MUSEUM.

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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 $691,424

Program Service Revenue $0

Investment Income $251,105

Other Revenue $-35,438

TOTAL REVENUE $907,091

Expense Breakdown

Grants Paid $841,398

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $886,093

Other Expenses $44,695

TOTAL EXPENSES $886,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,091	$308,191	+1.9%
Expenses	$886,093	$143,112	+5.2%
Net Income	$20,998	$165,079	-0.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY BAIRD	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD CAVNER	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW EDWARDS	SECRETARTY	1.00	Officer Director	$0	$0	$0
LEASTER GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
SHAE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SARAH KERNER	DIRECTOR	1.00	Director	$0	$0	$0
ALIA LEE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCQUEARY	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN MUSGRAVE	DIRECTOR	1.00	Director	$0	$0	$0
JASON RADER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN RIEDY	TREASURER	1.00	Officer Director	$0	$0	$0
JESSE TYLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WEISS	DIRECTOR	1.00	Director	$0	$0	$0
SONYA WISE	CHAIR	1.00	Officer Director	$0	$0	$0

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	$907,091	$886,093	$6,208,243	$20,998
2023	$308,191	$143,112	$6,188,396	$165,079
2022	$6,151,471	$108,632	$5,975,408	$6,042,839

FRIENDS OF THE SPRINGFIELD ART MUSEUM INC