ACADEMY ART MUSEUM INC

EIN: 526051766 501(c)(3) Arts, Culture & Humanities

EASTON, MD

Total Revenue
$2,793,502
Total Expenses
$1,875,107
Total Assets
$12,602,247
Net Assets
$12,471,666
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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
1958
Legal Domicile
MD
Principal Officer
DONNA ALPI
Phone
4108222787
Tax Period
2023-09-01 to 2024-08-31

ACADEMY ART MUSEUM INC, founded in 1958, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $918K, a strong 33% operating margin.

Mission

SEE SCH O

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,658,967
Program Service Revenue $247,701
Investment Income $872,439
Other Revenue $14,395
TOTAL REVENUE $2,793,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $656,692
Fundraising Expenses $257,129
Program Expenses $1,025,388
Other Expenses $1,218,415
TOTAL EXPENSES $1,875,107

Year-over-Year Comparison

2023 2022 Change
Revenue $2,793,502 $1,918,789 +0.5%
Expenses $1,875,107 $1,948,617 0.0%
Net Income $918,395 $-29,828 -31.8%
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
24
Independent Members
24
Employees
17
Volunteers
20

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
6
$258,586
Total Directors
24
$0
Key Employees
1
$41,525
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH JESSE EXECUTIVE DIRECTOR 040.00
Officer
$187,273 $5,764 $193,037
JENNIFER CHRZANOWSKI INTERIM EXECUTIVE DIRECTOR 040.00
Officer
$65,549 $0 $65,549
WILLIAM LECATES DIRECTOR OF FINANCE 040.00
Key Emp
$41,525 $0 $41,525
DONNA ALPI CHAIR 001.00
Officer Director
$0 $0 $0
CHRISTINE MARTIN VICE CHAIR 001.00
Officer Director
$0 $0 $0
MARYLOU ARMSTRONG PETERS MEMBER 001.00
Director
$0 $0 $0
CHUCK MANGOLD JR SECRETARY 001.00
Officer Director
$0 $0 $0
JIM HARRIS TREASURER 001.00
Officer Director
$0 $0 $0
BRENDA FIKE MEMBER 001.00
Director
$0 $0 $0
SUE BREDEKAMP MEMBER 001.00
Director
$0 $0 $0
SHELTON HAWKINS MEMBER 001.00
Director
$0 $0 $0
ELIZABETH HORMEL MEMBER 001.00
Director
$0 $0 $0
SANDY CARDIN MEMBER 001.00
Director
$0 $0 $0
RONALD FLOHR MEMBER 001.00
Director
$0 $0 $0
ROBERT FOGARTY MEMBER 001.00
Director
$0 $0 $0
JAZMINE GIBSON MEMBER 001.00
Director
$0 $0 $0
DENISE GRANT MEMBER 001.00
Director
$0 $0 $0
VICTORIA GOMEZ LOZANO MEMBER 001.00
Director
$0 $0 $0
CHRISTOPHER SADLER MEMBER 001.00
Director
$0 $0 $0
JOANNE LUKENS MEMBER 001.00
Director
$0 $0 $0
ANN SCULLY MEMBER 001.00
Director
$0 $0 $0
KAREN SHOOK MEMBER 001.00
Director
$0 $0 $0
BETH SPURRY MEMBER 001.00
Director
$0 $0 $0
HOLLY TOWNSEND MEMBER 001.00
Director
$0 $0 $0
DANIEL WEISS MEMBER 001.00
Director
$0 $0 $0
J CHRISTOPHER WALSH MEMBER 001.00
Director
$0 $0 $0
DONALD WOOTERS MEMBER 001.00
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 $2,793,502 $1,875,107 $12,602,247 $918,395
2023 $1,918,789 $1,948,617 $11,635,129 $-29,828
2022 $1,402,420 $1,685,182 $11,255,379 $-282,762
2021 $1,323,852 $1,481,864 $12,678,552 $-158,012
2020 $2,915,751 $1,500,746 $11,923,401 $1,415,005
2019 $1,681,441 $1,656,077 $10,302,877 $25,364
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