AE BEAN BACKUS MUSEUM INC

EIN: 593075234 501(c)(3) Arts, Culture & Humanities

FORT PIERCE, FL

Total Revenue
$642,107
Total Expenses
$719,643
Total Assets
$2,051,568
Net Assets
$1,892,011
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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
1984
Legal Domicile
FL
Phone
7724650630
Tax Period
2024-07-01 to 2025-06-30

AE BEAN BACKUS MUSEUM INC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $642K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $720K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE MUSEUM IS TO PROMOTE THE ARTS AND PERPETUATE THE ARTISTIC AND HUMANITARIAN LEGACY OF A.E. BACKUS

Program Service Accomplishments

Program 1
Expenses: $698,381 Revenue: $315,315

THE MISSION OF THE MUSEUM IS TO PROMOTE THE ARTS AND PERPETUATE THE ARTISTIC AND HUMANITARIAN LEGACY OF A.E. BACKUS, THROUGH A VARIETY OF ACTIVITIES INCLUDING EXHIBITIONS, EDUCATIONAL PROGRAMS, AND...

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THE MISSION OF THE MUSEUM IS TO PROMOTE THE ARTS AND PERPETUATE THE ARTISTIC AND HUMANITARIAN LEGACY OF A.E. BACKUS, THROUGH A VARIETY OF ACTIVITIES INCLUDING EXHIBITIONS, EDUCATIONAL PROGRAMS, AND COMMUNITY ENGAGEMENT

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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 $230,552
Program Service Revenue $264,845
Investment Income $5,005
Other Revenue $141,705
TOTAL REVENUE $642,107

Expense Breakdown

Grants Paid $0
Salaries & Benefits $205,140
Fundraising Expenses $3,792
Program Expenses $698,381
Other Expenses $514,503
TOTAL EXPENSES $719,643

Year-over-Year Comparison

2024 2023 Change
Revenue $642,107 $723,216 -0.1%
Expenses $719,643 $751,753 0.0%
Net Income $-77,536 $-28,537 +1.7%
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

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Governance

Voting Members
19
Independent Members
19
Employees
13
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
6
$88,129
Total Directors
6
$88,129
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY MINTON PRESIDENT 2.00
Officer Director
$0 $0 $0
CLEO STERN VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
CHERYL DEMPSEY TREASURER 2.00
Officer Director
$0 $0 $0
J MARSHALL ADAMS EXECUTIVE DIRECTOR 40.00
Officer Director
$88,129 $0 $88,129
SUSAN M KLEIN SECRETARY 2.00
Officer Director
$0 $0 $0
KARL GUETTLER VICE-PRESIDENT 2.00
Officer 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 $642,107 $719,643 $2,051,568 $-77,536
2024 $723,216 $751,753 $2,094,556 $-28,537
2023 $894,713 $786,260 $2,133,010 $108,453
2022 $671,277 $574,082 $2,025,729 $97,195
2021 $517,113 $483,395 $1,994,736 $33,718
2020 $482,593 $486,798 $1,806,876 $-4,205
2019 $689,151 $680,862 $1,820,304 $8,289
2018 $614,123 $713,378 $1,869,670 $-99,255
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