THE MUSEUM ASSOCIATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

MIKE REDMON

Phone

8642717570

Tax Period

2024-01-01 to 2024-12-31

THE MUSEUM ASSOCIATION INC, founded in 1949, is a small nonprofit in the Arts, Culture & Humanities sector that reported $510K in total revenue in fiscal year 2024. Expenses of $475K left a modest 7% surplus.

Mission

ASSIST THE GREENVILLE COUNTY MUSEUM OF ART IN PROMOTING FINE ARTS.

Program Service Accomplishments

Program 1

Expenses: $465,497

ASSIST GREENVILLE COUNTY MUSEUM OF ART IN COLLECTING SIGNIFICANT OBJECTS OF ART BY CONTRIBUTING FUNDS SPECIFICALLY FOR PURCHASING CERTAIN ART OBJECTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $485,980

Program Service Revenue $0

Investment Income $23,657

Other Revenue $0

TOTAL REVENUE $509,637

Expense Breakdown

Grants Paid $465,497

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $465,497

Other Expenses $9,553

TOTAL EXPENSES $475,050

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,637	$475,263	+0.1%
Expenses	$475,050	$508,369	-0.1%
Net Income	$34,587	$-33,106	-2.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
DAVID BEARD	IMM PAST PRE	1.00	Director	$0	$0	$0
SCOTT CHRISTOPHER	BOARD MEMBER	1.00	Director	$0	$0	$0
FLAVIA HARTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKS HASELDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEE LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CARTER SHAW LOWRANCE	VICE PRESIDE	1.00	Director	$0	$0	$0
CONNIE MCDOWELL	VP OF FINANC	1.00	Director	$0	$0	$0
BETSY POWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE REDMON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ABBE WESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER YARBOROUGH	BOARD MEMBER	1.00	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	$509,637	$475,050	$840,830	$34,587
2023	$475,263	$508,369	$730,614	$-33,106
2022	$512,863	$508,004	$683,645	$4,859
2021	$492,924	$467,046	$826,062	$25,878
2020	$454,330	$697,586	$750,389	$-243,256
2019	$549,600	$633,531	$602,407	$-83,931