WILLIAM KING MUSEUM OF ART (EIN 541144120) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

BETSY WHITE

Phone

2766285005

Tax Period

2023-07-01 to 2024-06-30

WILLIAM KING MUSEUM OF ART, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $880K in total revenue in fiscal year 2018. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDING ART EXHIBITS AND EDUCATION TO SOUTHWEST VIRGINIA AND NORTHEAST TENNESSEE

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,115,643

Program Service Revenue $244,095

Investment Income $24,177

Other Revenue $767

TOTAL REVENUE $3,384,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $883,312

Fundraising Expenses $205,167

Program Expenses $1,180,696

Other Expenses $625,625

TOTAL EXPENSES $1,508,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,384,682	$951,025	+2.6%
Expenses	$1,508,937	$1,512,456	0.0%
Net Income	$1,875,745	$-561,431	-4.3%

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

$67,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETSY WHITE	EXECUTIVE DI	40.00	Officer	$67,577	$0	$67,577
LESLIE BREWER	DIRECTOR	N/A	Director	$0	$0	$0
ALISON BUNDY	DIRECTOR	N/A	Director	$0	$0	$0
ROSE MARIE BURRISS	DIRECTOR	N/A	Director	$0	$0	$0
SHANA CARRICO	TREASURER	N/A	Officer Director	$0	$0	$0
RITA COPENHAVER	DIRECTOR	N/A	Director	$0	$0	$0
DAVID DALTON	DIRECTOR	N/A	Director	$0	$0	$0
MARTIN DOTTERWEICH	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW DRACOPOLI	DIRECTOR	N/A	Director	$0	$0	$0
BRENT J DYSON	DIRECTOR	N/A	Director	$0	$0	$0
EVELYN GOLDSTON	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES GOOLSBY	SECRETARY	N/A	Officer Director	$0	$0	$0
JANE HARTER	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY HEMBREE	DIRECTOR	N/A	Director	$0	$0	$0
RICK HUMPHREYS	DIRECTOR	N/A	Director	$0	$0	$0
JERRY JONES	DIRECTOR	N/A	Director	$0	$0	$0
MARY TRENT JONES	DIRECTOR	N/A	Director	$0	$0	$0
BRAD KREPS	DIRECTOR	N/A	Director	$0	$0	$0
EMILY LEE	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET LINFORD	DIRECTOR	N/A	Director	$0	$0	$0
GREG MCMILLAN	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN MOLE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
KAREN VANN	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE WHITLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
SHANNON WORRELL	DIRECTOR	N/A	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	$3,384,682	$1,508,937	$6,437,142	$1,875,745
2023	$2,951,025	$1,512,456	$4,682,295	$1,438,569
2022	$1,918,425	$1,287,787	$3,928,856	$630,638
2021	$1,005,929	$1,053,303	$3,167,137	$-47,374
2020	$1,752,289	$1,043,308	$3,133,617	$708,981
2019	$880,258	$1,048,918	$2,649,129	$-168,660

WILLIAM KING MUSEUM OF ART