ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE INC (EIN 591226011) - 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

1966

Legal Domicile

Principal Officer

DR H ALEXANDER RICH

Phone

8636887743

Tax Period

2024-06-01 to 2025-05-31

ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 48% operating deficit.

Mission

ENHANCES THE LIVES OF OUR VARIED COMMUNITIES BY BRINGING PEOPLE AND ART TOGETHER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,055,248

Program Service Revenue $122,318

Investment Income $188,161

Other Revenue $-41,933

TOTAL REVENUE $1,323,794

Expense Breakdown

Grants Paid $1,568

Salaries & Benefits $991,319

Fundraising Expenses $218,084

Program Expenses $857,626

Other Expenses $966,279

TOTAL EXPENSES $1,959,166

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,323,794	$1,056,252	+0.3%
Expenses	$1,959,166	$1,916,612	+0.0%
Net Income	$-635,372	$-860,360	-0.3%

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

160

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

$1,301,414

Total Directors

$1,141,485

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JEREMY MARTIN	VICE CHAIR	2.00	Officer Director	$0	$25,945	$206,991
ANNE B KERR	VICE CHAIR (THRU 07/2024)	2.00	Officer Director	$0	$49,514	$538,004
V TERRY DENNIS	ASSISTANT TREASURER	2.00	Officer Director	$0	$40,722	$396,490
LYNDA BUCK	CHAIR	2.00	Officer Director	$0	$0	$0
PEGGY MCKEEL	SECRETARY	2.00	Officer Director	$0	$0	$0
CHUCK FOSS	TREASURER	2.00	Officer Director	$0	$0	$0
ASHLEY GIBSON BARNETT	TRUSTEE	2.00	Director	$0	$0	$0
SONJI CANEY	TRUSTEE	2.00	Director	$0	$0	$0
JINX CHANEY	TRUSTEE	2.00	Director	$0	$0	$0
DOROTHY JENKINS	TRUSTEE	2.00	Director	$0	$0	$0
J WILLIAM MEEK III	TRUSTEE	2.00	Director	$0	$0	$0
TWANA RICHARD	TRUSTEE	2.00	Director	$0	$0	$0
PHILLIP WALKER	TRUSTEE	2.00	Director	$0	$0	$0
DR H ALEXANDER RICH	EXECUTIVE DIRECTOR & CHIEF	40.00	Officer	$0	$14,770	$159,929

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	$1,323,794	$1,959,166	$5,462,573	$-635,372
2024	$1,056,252	$1,916,612	$5,504,185	$-860,360
2023	$956,883	$1,760,751	$5,608,591	$-803,868
2022	$783,619	$1,539,409	$5,830,841	$-755,790
2021	$1,209,527	$1,378,756	$6,268,674	$-169,229
2020	$1,342,468	$1,670,361	$5,676,409	$-327,893
2019	$1,690,832	$1,821,459	$5,804,769	$-130,627
2018	$1,689,323	$1,792,154	$6,022,448	$-102,831

ASHLEY GIBSON BARNETT MUSEUM OF ART AT FLORIDA SOUTHERN COLLEGE INC