THE MUSEUM STORE ASSOCIATION INC (EIN 526044269) - 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

1976

Legal Domicile

Principal Officer

ELIZABETH PRICE

Phone

2028383140

Tax Period

2024-01-01 to 2024-12-31

THE MUSEUM STORE ASSOCIATION INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 11% surplus.

Mission

TO ADVANCE THE NONPROFIT RETAIL INDUSTRY AND THE SUCCESS OF THE PROFESSIONALS ENGAGED IN IT. BY ENCOURAGING HIGH STANDARDS OF KNOWLEDGE AND PROFESSIONALISM, MSA HELPS NONPROFIT RETAIL PROFESSIONALS BETTER SERVE THEIR INSTITUTIONS AND THE PUBLIC. MSA ALSO SEEKS TO DO THE FOLLOWING: CREATE NEW INITIATIVES TO ADVANCE MSA; DEVELOP ESSENTIAL, RELEVANT AND ENGAGING PROGRAMMING THAT INCLUDES PROFESSIONALIZED PROGRAMMING OVERALL, ADVANCED SESSIONS SCALED FOR ALL LEVELS OF ATTENDEES, CONTENT FOR YOUNGER MEMBERS ON APPROPRIATE PLATFORMS, AND ASSESSING A PATHWAY TO MEANINGFUL CREDENTIALING.

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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 $107,752

Program Service Revenue $1,121,723

Investment Income $31,698

Other Revenue $0

TOTAL REVENUE $1,261,173

Expense Breakdown

Grants Paid $7,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $976,335

Other Expenses $1,110,467

TOTAL EXPENSES $1,117,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,261,173	$1,045,865	+0.2%
Expenses	$1,117,667	$981,927	+0.1%
Net Income	$143,506	$63,938	+1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH PRICE	EXECUTIVE DI	40.00	Officer	$0	$0	$0
KATE SCHUREMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
COLLEEN HIGGINBOTHAM	1ST VICE PRE	5.00	Officer Director	$0	$0	$0
CHACHO HERMAN	2ND VICE PRE	5.00	Officer Director	$0	$0	$0
AMANDA SCHULTZ	SECRETARY	5.00	Officer Director	$0	$0	$0
DARCY ESTES PINELO	TREASURER	5.00	Officer Director	$0	$0	$0
STEPHANIE SMITH-GRAGG	DIRECTOR	5.00	Director	$0	$0	$0
KATE BOTELHO SIBYA	DIRECTOR	5.00	Director	$0	$0	$0
SOPHIE COSPER	DIRECTOR	5.00	Director	$0	$0	$0
JULIA JORDAN	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER CASTRACANE	DIRECTOR	5.00	Director	$0	$0	$0
KATY MURPHY	DIRECTOR	5.00	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	$1,261,173	$1,117,667	$1,335,683	$143,506
2023	$1,045,865	$981,927	$965,561	$63,938
2022	$844,112	$805,494	$463,530	$38,618
2021	$547,610	$252,880	$415,978	$294,730
2020	$286,614	$460,974	$380,442	$-174,360
2019	$1,068,280	$972,446	$760,236	$95,834
2018	$1,114,685	$913,479	$509,671	$201,206

THE MUSEUM STORE ASSOCIATION INC