FRIENDS OF THE MENNELLO MUSEUM OF AMERIC (EIN 593618760) - 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

1999

Legal Domicile

Principal Officer

JIM SOUTHALL JR

Phone

4073539996

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE MENNELLO MUSEUM OF AMERIC, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $306K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $355K exceeded revenue, resulting in a 16% operating deficit.

Mission

FRIENDS OF THE MENNELLO MUSEUM OF AMERICAN ART ENDEAVORS TO PRESERVE, EXHIBIT, AND INTERPRET THE MUSEUM'S OUTSTANDING PERMANENT COLLECTION OF PAINTINGS BY EARL CUNNINGHAM. FRIENDS OF THE MENNELLO MUSEUM ALSO SEEKS TO ENRICH THE PUBLIC THROUGH SPECIAL EXHIBITIONS, PUBLICATIONS, AND PROGRAMS.

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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 $272,042

Program Service Revenue $0

Investment Income $13,098

Other Revenue $21,207

TOTAL REVENUE $306,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,567

Fundraising Expenses $83,826

Program Expenses $173,801

Other Expenses $246,688

TOTAL EXPENSES $355,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$306,347	$382,799	-0.2%
Expenses	$355,255	$405,750	-0.1%
Net Income	$-48,908	$-22,951	+1.1%

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

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
JIM SOUTHALL JR	FINANCE CHAIR & TREASURER	5.00	Officer Director	$0	$0	$0
MARY C KENNY	DIRECTOR	1.00	Director	$0	$0	$0
WALTER KETCHAM	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN UPPERCO	VICE PRESIDENT & SECRETARY	4.00	Officer Director	$0	$0	$0
LAURA COSGROVE	DEVELOPMENT CHAIR	2.00	Officer Director	$0	$0	$0
JEFF GITTO	DIRECTOR	1.00	Director	$0	$0	$0
SARAH GRAFTON	DIRECTOR	1.00	Director	$0	$0	$0
SHARON LINE CLARY	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD MARKS	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY STERLING	NOMINATING CHAIR	1.00	Officer Director	$0	$0	$0
JAN STANISZKIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MELANSON	DIRECTOR	1.00	Director	$0	$0	$0
CLINTON MCCRAKEN	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA BRAELEY	DIRECTOR	1.00	Director	$0	$0	$0
ALY BENITEZ	DIRECTOR	1.00	Director	$0	$0	$0
REBEKKA L THOMAS	DIRECTOR	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	$306,347	$355,255	$2,082,020	$-48,908
2023	$382,799	$405,750	$1,997,022	$-22,951
2022	$287,650	$316,381	$1,943,913	$-28,731
2021	$1,290,346	$255,687	$2,105,870	$1,034,659
2020	$494,468	$378,279	$797,408	$116,189
2019	$278,299	$529,696	$758,577	$-251,397
2018	$222,239	$312,756	$846,724	$-90,517

FRIENDS OF THE MENNELLO MUSEUM OF AMERIC