WASHINGTON COUNTY MUSEUM OF FINE A… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1929

Legal Domicile

Principal Officer

JAMES HOLZAPFEL

Phone

3017395727

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON COUNTY MUSEUM OF FINE ARTS, founded in 1929, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.7M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.9M, a strong 51% operating margin.

Mission

THE MISSION IS IMPLEMENTED THROUGH: INTENTIONAL ART COLLECTING IN THE FOCUS AREAS OF AMERICAN ART AND WORLD CULTURES, BARRIER FREE PUBLIC ACCESS AND FREE ADMISSION TO ART COLLECTIONS OF NATIONAL IMPORTANCE, VIGILANT PRESERVATION AND STEWARDSHIP OF ART,APPEALING EXHIBITIONS AND

Program Service Accomplishments

Program 1

Expenses: $314,756

THE MISSION IS IMPLEMENTED THROUGH THE DEVELOPMENT, INTERPRETATION AND CARE OF ART COLLECTIONS; CREATION OF ORIGINAL AND EDUCATIONAL EXHIBITIONS; AND PRESENTATION OF INTERPRETIVE LECTURES, CONCERTS, ART INSTRUCTION AND OTHER PROGRAMS TO ENSURE THAT VISITORS GAIN A BETTER APPRECIATION AND UNDERSTANDING OF THE FINE ARTS. THE MUSEUM ACTIVELY COLLECTS WORKS OF ART IN THE FIELDS OF AMERICAN ART, WORLD CULTURES, AND ART OF THE REGION. ACCREDITED BY THE AMERICAN ALLIANCE OF MUSEUMS, ADMISSION TO THE MUSEUM IS FREE AND ITS COLLECTION INCLUDES OVER 6,500 WORKS OF ART. OVER EIGHTY-FIVE YEARS AGO, HAGERSTOWN NATIVE, ANNA BRUGH SINGER AND HER HUSBAND, NOTED AMERICAN IMPRESSIONIST PAINTER, WILLIAM HENRY SINGER, ESTABLISHED AN ART MUSEUM AND GAVE IT TO THE COMMUNITY WITH THE PROVISO THAT ADMISSION BE FREE IN PERPETUITY. THEIR LARGESSE AND THE GENEROSITY OF MANY SUBSEQUENT COLLECTORS BUILT A REMARKABLE ART COLLECTION IN WASHINGTON COUNTY.

Program 2

Expenses: $771,433

THE PRESENTATION OF ART COLLECTIONS, AND ASSOCIATED INTERPRETIVE ACTIVITIES REQUIRES THE MAINTENANCE OF A SPECIALIZED AND ARCHITECTURALLY SIGNIFICANT BUILDING AND GROUNDS. THE OPPORTUNITY FOR THE...

THE PRESENTATION OF ART COLLECTIONS, AND ASSOCIATED INTERPRETIVE ACTIVITIES REQUIRES THE MAINTENANCE OF A SPECIALIZED AND ARCHITECTURALLY SIGNIFICANT BUILDING AND GROUNDS. THE OPPORTUNITY FOR THE PUBLIC TO ENCOUNTER HIGHLY SIGNIFICANT WORKS OF ART IN A BEAUTIFUL SETTING, AND WITH SAFETY AND SECURITY ARE IMPORTANT VALUES OF THE WASHINGTON COUNTY MUSEUM OF FINE ARTS. THE WASHINGTON COUNTY MUSEUM OF FINE ARTS HAS AN ENDURING COMMITMENT TO ARTS EDUCATION AND TO THE SUPPORT OF REGIONAL ARTISTS. THE MUSEUM REGULARLY OFFERS STUDIO ART COURSES, ART HISTORICAL LECTURES, CONCERTS, AND EXHIBITIONS FROM ITS PERMANENT COLLECTION AND TRAVELING EXHIBITIONS.

Program 3

Expenses: $316,154 Revenue: $30,456

LECTURES, CONCERTS, FAMILY FESTIVALS, WORKSHOPS, DOCENT TOURS AND ART CLASSES ARE PART OF THE ONGOING EDUCATIONAL ACTIVITIES AT THE MUSEUM. THE MUSEUM HAS OFFERED ART CLASSES SINCE ITS FOUNDING...

LECTURES, CONCERTS, FAMILY FESTIVALS, WORKSHOPS, DOCENT TOURS AND ART CLASSES ARE PART OF THE ONGOING EDUCATIONAL ACTIVITIES AT THE MUSEUM. THE MUSEUM HAS OFFERED ART CLASSES SINCE ITS FOUNDING; EARLIEST INSTRUCTORS INCLUDED THOMAS DANAHER AND TONY CARNELLI, BOTH WORKS PROGRESS ADMINISTRATION (WPA) ARTISTS, AND MISS MARY HARTER, WHO, FROM THE FIRST DAY THE MUSEUM OPENED, TAUGHT THE SATURDAY CHILDREN'S PROGRAM FOR MORE THAN 30 YEARS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,629,253

Program Service Revenue $30,546

Investment Income $939,176

Other Revenue $80,827

TOTAL REVENUE $3,679,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $918,847

Fundraising Expenses $82,382

Program Expenses $1,508,213

Other Expenses $897,962

TOTAL EXPENSES $1,816,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,679,802	$5,745,787	-0.4%
Expenses	$1,816,809	$2,009,434	-0.1%
Net Income	$1,862,993	$3,736,353	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$154,354

Total Directors