SOUTHEASTERN MUSEUMS CONFERENCE (EIN 541042825) - 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

1977

Legal Domicile

Principal Officer

ZINNIA WILLITS

Phone

4048142048

Tax Period

2022-07-01 to 2023-06-30

SOUTHEASTERN MUSEUMS CONFERENCE, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $412K in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $527K exceeded revenue, resulting in a 28% operating deficit.

Mission

SEMC, A NONPROFIT MEMBERSHIP ORGANIZATION IS AN ASSOCIATION OF MUSEUMS, MUSEUM STAFF, INDEPENDENT PROFESSIONALS, AND CORP. PARTNERS. WE PROVIDE EDUCATION AND PROFESSIONAL DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $128,973

Program Service Revenue $267,769

Investment Income $13,094

Other Revenue $1,840

TOTAL REVENUE $411,676

Expense Breakdown

Grants Paid $7,100

Salaries & Benefits $93,750

Fundraising Expenses $0

Program Expenses $259,577

Other Expenses $426,090

TOTAL EXPENSES $526,940

Year-over-Year Comparison

	2022	2021	Change
Revenue	$411,676	$347,612	+0.2%
Expenses	$526,940	$396,194	+0.3%
Net Income	$-115,264	$-48,582	+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

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

$83,825

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZINNIA WILLITS	EXECUTIVE DIRECTOR	40.0	Officer	$74,002	$9,823	$83,825
MATTHEW S DAVIS	PRESIDENT	3.0	Director	$0	$0	$0
CALINDA LEE	VICE PRESIDENT	3.0	Director	$0	$0	$0
DEITRAH J TAYLOR	SECRETARY	3.0	Director	$0	$0	$0
SCOTT ALVEY	TREASURER	3.0	Director	$0	$0	$0
HEATHER MARIE WELLS	PAST PRESIDENT	3.0	Director	$0	$0	$0
GLENNA BARLOW	DIRECTOR	3.0	Director	$0	$0	$0
ALEXANER BENITEZ	DIRECTOR	3.0	Director	$0	$0	$0
TAFENI ENGLISH	DIRECTOR	3.0	Director	$0	$0	$0
KATIE ERICSON	DIRECTOR	3.0	Director	$0	$0	$0
NANCY FIELDS	DIRECTOR	3.0	Director	$0	$0	$0
ALICIA FRANCK	DIRECTOR	3.0	Director	$0	$0	$0
DEBORAH ROSE VAN HORN	DIRECTOR	3.0	Director	$0	$0	$0
BRIGETTE JANEA JONES	DIRECTOR	3.0	Director	$0	$0	$0
PAMELA D C JUNIOR	DIRECTOR	3.0	Director	$0	$0	$0
ROSALIND MARTIN	DIRECTOR	3.0	Director	$0	$0	$0
MICHELLE SCHULTE	DIRECTOR	3.0	Director	$0	$0	$0
MICHAEL SCOTT	DIRECTOR	3.0	Director	$0	$0	$0
AHMAD WARD	DIRECTOR	3.0	Director	$0	$0	$0
SCOTT WARREN	DIRECTOR	3.0	Director	$0	$0	$0
LANCE WHEELER	DIRECTOR	3.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$411,676	$526,940	$746,269	$-115,264
2022	$347,612	$396,194	$862,452	$-48,582
2021	$242,297	$335,321	$968,887	$-93,024
2020	$483,963	$398,618	$959,159	$85,345
2019	$384,082	$333,750	$867,328	$50,332
2018	$383,849	$318,218	$760,625	$65,631

SOUTHEASTERN MUSEUMS CONFERENCE