AMERICAN ASSOCIATION OF MUSEUMS

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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

1906

Legal Domicile

Principal Officer

MARILYN JACKSON

Phone

2022891818

Tax Period

2024-01-01 to 2024-12-31

AMERICAN ASSOCIATION OF MUSEUMS, founded in 1906, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

CHAMPION EQUITABLE AND IMPACTFUL MUSEUMS BY CONNECTING PEOPLE, FOSTERING LEARNING AND COMMUNITY, AND NURTURING MUSEUM EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $2,742,535 Revenue: $2,913,711

LEARNING, MEETINGS AND PROFESSIONAL EDUCATION: CAPTURES THE ALLIANCE'S COMMITMENT TO THE ADVANCEMENT, PROFESSIONAL DEVELOPMENT, AND NETWORKING OF THE MUSEUM COMMUNITY. THE ALLIANCE'S ANNUAL MEETING IS THE LARGEST CULTURAL MEETING THAT BRINGS TOGETHER ALL DISCIPLINES OF MUSEUM MANAGEMENT, AND REPRESENTS THE BROAD SPECTRUM OF ALLIANCE MEMBERS, FROM AQUARIUMS AND ART MUSEUMS TO SCIENCE CENTERS AND ZOOS. THE MEETING IS ALSO THE LARGEST EXPOSITION OF ITS KIND FEATURING COMPANIES AND PRODUCTS SERVING THE MUSEUM INDUSTRY. THE FUTURE OF MUSEUMS SUMMIT IS A VIRTUAL CONFERENCE DEVOTED TO CURRENT TOPICS, TRENDS AND ISSUES FACING MUSEUMS NOW AND IN THE FUTURE.

Program 2

Expenses: $2,129,594 Revenue: $816,243

FIELD-WIDE SERVICES: INCLUDE THOSE SERVICES WHICH DIRECTLY ADDRESS THE ALLIANCE'S COMMITMENT TO CHAMPIONING EQUITABLE AND IMPACTFUL MUSEUMS. PROGRAMS INCLUDED THE CONTINUUM OF EXCELLENCE...

FIELD-WIDE SERVICES: INCLUDE THOSE SERVICES WHICH DIRECTLY ADDRESS THE ALLIANCE'S COMMITMENT TO CHAMPIONING EQUITABLE AND IMPACTFUL MUSEUMS. PROGRAMS INCLUDED THE CONTINUUM OF EXCELLENCE (ACCREDITATION, MUSEUM ASSESSMENT PROGRAM, AND CORE DOCUMENTS VERIFICATION), INCLUSION, SOCIAL IMPACT, AND GRANT FUNDED INITIATIVES.

Program 3

Expenses: $852,087 Revenue: $720,465

PUBLICATIONS AND BUSINESS ENTERPRISES - INCLUDES TITLES DEVELOPED AND SOLD THROUGH THE AAM BOOKSTORE, IN PARTNERSHIP WITH AAM'S CO-PUBLISHER, MUSEUM MAGAZINE, THE ALLIANCE'S JOB BOARD, AND...

PUBLICATIONS AND BUSINESS ENTERPRISES - INCLUDES TITLES DEVELOPED AND SOLD THROUGH THE AAM BOOKSTORE, IN PARTNERSHIP WITH AAM'S CO-PUBLISHER, MUSEUM MAGAZINE, THE ALLIANCE'S JOB BOARD, AND ADVERTISING OPPORTUNITIES FOR MUSEUM INDUSTRY PARTNERS.

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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 $2,742,834

Program Service Revenue $7,803,915

Investment Income $271,565

Other Revenue $89,846

TOTAL REVENUE $10,908,160

Expense Breakdown

Grants Paid $138,000

Salaries & Benefits $4,592,552

Fundraising Expenses $442,955

Program Expenses $7,153,075

Other Expenses $5,987,379

TOTAL EXPENSES $10,717,931

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,908,160	$9,862,260	+0.1%
Expenses	$10,717,931	$10,288,446	+0.0%
Net Income	$190,229	$-426,186	-1.4%

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

Volunteers

450

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

$777,177

Total Directors

Key Employees

$169,287

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHEVY HUMPHREY	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
JORGE ZAMANILLO	CHAIR	2.00	Officer Director	$0	$0	$0
DEVON AKMON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LINDA HARRISON	TREASURER	2.00	Officer Director	$0	$0	$0
DINA BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
CARRIE REBORA BARRATT	DIRECTOR	2.00	Director	$0	$0	$0
REBEKAH BEAULIEU	DIRECTOR	2.00	Director	$0	$0	$0
FREDERIC BERTLEY	DIRECTOR	2.00	Director	$0	$0	$0
ALISON REMPEL BROWN	DIRECTOR	2.00	Director	$0	$0	$0
JESSICA CHAVEZ	DIRECTOR	2.00	Director	$0	$0	$0
CAROLE CHARNOW	DIRECTOR	2.00	Director	$0	$0	$0
MARCIA DEWITT	DIRECTOR	2.00	Director	$0	$0	$0
LARRY DUBINSKI	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN FERGUSON	DIRECTOR	2.00	Director	$0	$0	$0
LORI FOGARTY	DIRECTOR	2.00	Director	$0	$0	$0
ANN FRIEDMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES L KATZENMEYER	DIRECTOR	2.00	Director	$0	$0	$0
HASSAN NAJJAR	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER ORTIZ	DIRECTOR	2.00	Director	$0	$0	$0
PATSY PHILLIPS	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN RICHIE	DIRECTOR THRU 5/31/24	2.00	Director	$0	$0	$0
KAROL WIGHT	DIRECTOR THRU 2/29/24	2.00	Director	$0	$0	$0
JAY XU	DIRECTOR	2.00	Director	$0	$0	$0
MARILYN JACKSON	PRESIDENT & CEO FROM 4/22/24	40.00	Officer	$301,001	$40,970	$341,971
BROOKE LEONARD	INTERIM CEO THRU 4/22/24	40.00	Officer	$137,981	$16,012	$153,993
CAROL CONSTANTINE	SR DIR.FINANCE & ADMIN THRU 10/31/24	40.00	Officer	$130,248	$28,680	$158,928
AMY KAMPF	AVP, FINANCE & ADMIN FROM 10/31/24	40.00	Officer	$107,688	$14,597	$122,285
JENNIFER CALVERT HALL	VP, ADVANCEMENT	40.00	Key Emp	$160,745	$8,542	$169,287
NATANYA E KHASHAN	AVP, MARKETING & DIGITAL	40.00	Highest	$113,128	$7,053	$120,181
CARLOS FABIAN ARROYO RODRIGUEZ	SR. WEB DEVELOPER	40.00	Highest	$118,199	$6,000	$124,199
DEAN PHELUS	SR.DIRECTOR OF SPECIAL PROJECTS	40.00	Highest	$116,438	$29,867	$146,305
JULIE HART	SR.DIRECTOR OF EXCELLENCE	40.00	Highest	$116,488	$22,310	$138,798
RYAN BOURKE	SR DIR. MEM & REV THRU 12/31/24	40.00	Highest	$122,833	$6,854	$129,687

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	$10,908,160	$10,717,931	$15,496,524	$190,229
2023	$9,862,260	$10,288,446	$15,593,155	$-426,186
2022	$10,152,689	$9,313,433	$15,937,363	$839,256
2021	$9,674,597	$7,925,867	$11,405,115	$1,748,730
2020	$6,706,612	$7,765,169	$10,353,160	$-1,058,557
2019	$9,789,665	$10,327,353	$10,810,598	$-537,688
2018	$12,931,702	$8,963,439	$10,370,320	$3,968,263