THE ALBANY MUSEUM OF ART INCORPORA

EIN: 586055218 501(c)(3) Arts, Culture & Humanities

ALBANY, GA

Total Revenue
$1,441,947
Total Expenses
$1,080,681
Total Assets
$13,320,913
Net Assets
$13,202,217
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
GA
Principal Officer
ANDREW J WULF
Phone
2294398400
Tax Period
2024-07-01 to 2025-06-30

THE ALBANY MUSEUM OF ART INCORPORA, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $361K, a strong 25% operating margin.

Mission

THE MUSEUM PROVIDES EXPOSURE TO THE VISUAL ARTS, ENCOURAGES AWARENESS, PARTICIPATION, AND ENJOYMENT OF THE VISUAL ARTS, AND ENHANCES THE QUALITY OF LIFE IN THE SURROUNDING AREA.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $856,950
Program Service Revenue $70,705
Investment Income $485,864
Other Revenue $28,428
TOTAL REVENUE $1,441,947

Expense Breakdown

Grants Paid $0
Salaries & Benefits $561,610
Fundraising Expenses $130,658
Program Expenses $668,779
Other Expenses $489,071
TOTAL EXPENSES $1,080,681

Year-over-Year Comparison

2024 2023 Change
Revenue $1,441,947 $913,658 +0.6%
Expenses $1,080,681 $963,131 +0.1%
Net Income $361,266 $-49,473 -8.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
15
Volunteers
50

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
5
$131,831
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RIP BELL 2021-2027 TRUSTEE-PRES 0.46
Officer Director
$0 $0 $0
BUTLER STOUDENMIRE 2021-2027 TRUSTEE-TREA 0.46
Officer Director
$0 $0 $0
CHAZZ WILLIAMS 2016-2024 TRUSTEE-PAST 0.46
Officer Director
$0 $0 $0
SUMMER COTTON 2021-2027 TRUSTEE-VICE 0.46
Officer Director
$0 $0 $0
MARGARET PUDDIN BASS 2021-2027 TRUSTEE 0.46
Director
$0 $0 $0
MERYL K JOINER 2021-2027 TRUSTEE 0.46
Director
$0 $0 $0
SURESH LAKHENPAL 2021-2027 TRUSTEE 0.46
Director
$0 $0 $0
DR JEFFERY CANNON 2023-2029 TRUSTEE 0.46
Director
$0 $0 $0
DR SAMANTHA FIELDS 2023-2029 TRUSTEE 0.46
Director
$0 $0 $0
CARMEN WIGGINS 2024-2030 TRUSTEE 0.46
Director
$0 $0 $0
DONALD GRAY 2024-2030 TRUSTEE 0.46
Director
$0 $0 $0
SHERI HALL-BARLOW 2024-2030 TRUSTEE 0.46
Director
$0 $0 $0
BEAU SINYARD 2024-2030 TRUSTEE 0.46
Director
$0 $0 $0
ANDREW J WULF EXECUTIVE DI 40.00
Officer
$127,991 $3,840 $131,831
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 $1,441,947 $1,080,681 $13,320,913 $361,266
2024 $913,658 $963,131 $12,227,807 $-49,473
2023 $1,483,719 $1,076,098 $11,850,913 $407,621
2022 $1,017,845 $881,664 $10,946,085 $136,181
2021 $4,128,460 $734,116 $12,120,562 $3,394,344
2020 $678,454 $634,892 $7,852,948 $43,562
2019 $993,449 $609,221 $7,781,335 $384,228
2018 $612,389 $567,883 $7,392,171 $44,506
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