WALTER ANDERSON MUSEUM OF ART INC

EIN: 510173731 501(c)(3) Arts, Culture & Humanities

OCEAN SPRINGS, MS

Total Revenue
$1,999,062
Total Expenses
$1,159,384
Total Assets
$4,477,730
Net Assets
$4,210,055
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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
1990
Legal Domicile
MS
Principal Officer
KELLY LUCAS
Phone
2288723164
Tax Period
2024-01-01 to 2024-12-31

WALTER ANDERSON MUSEUM OF ART INC, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $840K, a strong 42% operating margin.

Mission

EDUCATE AND EXHIBIT THE WORKS OF WALTER I ANDERSON AND FAMILY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,628,034
Program Service Revenue $217,030
Investment Income $96,716
Other Revenue $57,282
TOTAL REVENUE $1,999,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $582,051
Fundraising Expenses $137,632
Program Expenses $794,667
Other Expenses $577,333
TOTAL EXPENSES $1,159,384

Year-over-Year Comparison

2024 2023 Change
Revenue $1,999,062 $1,051,609 +0.9%
Expenses $1,159,384 $1,091,448 +0.1%
Net Income $839,678 $-39,839 -22.1%
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

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Governance

Voting Members
17
Independent Members
17
Employees
19
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
5
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIAN RANKIN EXECUTIVE DI 40.00
Highest
$122,840 $0 $122,840
KELLY LUCAS PRESIDENT 1.00
Officer Director
$0 $0 $0
MALCOLM WHITE VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SHANE LOPER TREASURER 1.00
Officer Director
$0 $0 $0
LISA BRADELY SECRETARY 1.00
Officer Director
$0 $0 $0
JULIE CWIKLA EX-OFFICIO 1.00
Officer Director
$0 $0 $0
CHARLES BARBER TRUSTEE 1.00
Director
$0 $0 $0
COURTNEY BLOSSMAN TRUSTEE - EM 1.00
Director
$0 $0 $0
JAMIE DENT TRUSTEE N/A
Director
$0 $0 $0
DAVID DUHE TRUSTEE 1.00
Director
$0 $0 $0
MARK EVERSON TRUSTEE 1.00
Director
$0 $0 $0
ANGELA NATION TRUSTEE 1.00
Director
$0 $0 $0
ROBERT ST JOHN TRUSTEE 1.00
Director
$0 $0 $0
DAVID ALLEN TRUSTEE 1.00
Director
$0 $0 $0
HALEY MARTIN TRUSTEE 1.00
Director
$0 $0 $0
MATTHEW MAYFIELD TRUSTEE 1.00
Director
$0 $0 $0
SUE NGUYEN TORJUSEN TRUSTEE 1.00
Director
$0 $0 $0
KELSEY SUNDERMAN FOSTER TRUSTEE 1.00
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 $1,999,062 $1,159,384 $4,477,730 $839,678
2023 $1,051,609 $1,091,448 $3,516,396 $-39,839
2022 $1,644,276 $935,086 $3,594,099 $709,190
2021 $805,647 $790,081 $2,982,299 $15,566
2020 $817,400 $607,021 $2,905,177 $210,379
2019 $542,119 $579,845 $2,668,327 $-37,726
2018 $588,596 $478,183 $13,858,417 $110,413
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