MUSEUM OF ARTS & SCIENCES INC (EIN 580806933) - 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

1956

Legal Domicile

Principal Officer

MARY HUNTER HARRELL

Phone

4784773232

Tax Period

2023-07-01 to 2024-06-30

MUSEUM OF ARTS & SCIENCES INC, founded in 1956, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $933K, a strong 37% operating margin.

Mission

OUR MISSION IS TO STIMULATE CURIOSITY, EVOKE WONDER, AND INSPIRE LIFELONG LEARNING THROUGH DYNAMIC EXPERIENCES THAT UNITE ARTS AND SCIENCES. WE ENVISION A COMMUNITY STRENGTHENED BY INQUIRY, EXPRESSION, AND INNOVATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,010,582

Program Service Revenue $270,101

Investment Income $17,680

Other Revenue $210,346

TOTAL REVENUE $2,508,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $739,706

Fundraising Expenses $23,340

Program Expenses $1,275,022

Other Expenses $835,779

TOTAL EXPENSES $1,575,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,508,709	$1,560,555	+0.6%
Expenses	$1,575,485	$1,510,871	+0.0%
Net Income	$933,224	$49,684	+17.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

420

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

$80,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN WELSH	EXECUTIVE DI	50.00	Officer	$69,555	$10,555	$80,110
JUDGE PHILIP RAYMOND	TRUSTEE	1.00	Director	$0	$0	$0
MAYOR LESTER MILLER	TRUSTEE	1.00	Director	$0	$0	$0
GARY WHEAT	TRUSTEE	1.00	Director	$0	$0	$0
BOONE SMITH IV	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
TOM WIGHT	TREASURER	1.00	Officer Director	$0	$0	$0
CORRIE E HALL JD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY HUNTER HARRELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN MCCLENATHAN	MEMBER-AT-LA	1.00	Director	$0	$0	$0
WINI MCQUEEN	MEMBER-AT-LA	1.00	Director	$0	$0	$0
JIM FERRARI	MEMBER-AT-LA	1.00	Director	$0	$0	$0
GENEVA WEST	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
DR DAN SIMS	TRUSTEE	1.00	Director	$0	$0	$0
JESSICA WALDEN	TRUSTEE	1.00	Director	$0	$0	$0
MALCOLM BURGESS	MEMBER-AT-LA	1.00	Director	$0	$0	$0
MATTHEW J MARONE PHD	MEMBER-AT-LA	1.00	Director	$0	$0	$0
TIFFANY OLSON	MEMBER-AT-LA	1.00	Director	$0	$0	$0
BLAIR TRAIN	MEMBER-AT-LA	1.00	Director	$0	$0	$0
MARY MCCARTIN WEARN PHD	MEMBER-AT-LA	1.00	Director	$0	$0	$0
JULIA WOOD MBA	MEMBER-AT-LA	1.00	Director	$0	$0	$0
GRACE SIMMS MARTIN JD	MEMBER-AT-LA	1.00	Director	$0	$0	$0
LILY ROBINSON	MEMBER-AT-LA	1.00	Director	$0	$0	$0
MARK WALHIMER	EXECUTIVE DI	50.00	Officer	$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	$2,508,709	$1,575,485	$11,182,321	$933,224
2023	$1,560,555	$1,510,871	$10,087,046	$49,684
2022	$2,239,211	$1,525,578	$9,877,507	$713,633
2021	$1,288,737	$1,425,948	$9,410,965	$-137,211
2020	$1,848,090	$1,417,778	$9,174,119	$430,312
2019	$1,888,305	$1,359,859	$8,870,285	$528,446
2018	$2,461,599	$1,590,670	$8,350,264	$870,929

MUSEUM OF ARTS & SCIENCES INC