SPEED ART MUSEUM

EIN: 610444823 501(c)(3) Arts, Culture & Humanities

LOUISVILLE, KY

Total Revenue
$17,055,129
Total Expenses
$16,899,970
Total Assets
$143,462,541
Net Assets
$138,642,854
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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
1933
Legal Domicile
KY
Principal Officer
RAPHAELA PLATOW
Phone
5026342700
Tax Period
2023-10-01 to 2024-09-30

SPEED ART MUSEUM, founded in 1933, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $17.1M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Net assets of $138.6M represent 98 months of operating reserves.

Mission

AT THE SPEED ART MUSEUM, WE INVITE EVERYONE TO CELEBRATE ART FOREVER. WHETHER YOU'RE AN ART AFICIONADO OR DON'T KNOW A DALI FROM A DEGAS, YOU CAN FIND FRESH INSPIRATION AND MEANING AT THE SPEED ART MUSEUM. WITH MODERN ARCHITECTURE, EXPANDED PROGRAMMING, INTERACTIVE EXHIBITS AND INVITING OUTDOOR SPACES, THE SPEED OFFERS COUNTLESS OPPORTUNITIES FOR EVERYONE TO CREATE THEIR OWN CONNECTIONS AND EXPERIENCE ART AT THEIR OWN SPEED. AT THE SPEED, WE'RE WORKING TO MAKE THE MUSEUM A SAFE AND WELCOMING PLACE FOR EVERYONE IN OUR COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,900,364
Program Service Revenue $544,556
Investment Income $4,031,382
Other Revenue $578,827
TOTAL REVENUE $17,055,129

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,676,537
Fundraising Expenses $1,329,214
Program Expenses $12,437,659
Other Expenses $10,223,433
TOTAL EXPENSES $16,899,970

Year-over-Year Comparison

2023 2022 Change
Revenue $17,055,129 $13,056,677 +0.3%
Expenses $16,899,970 $15,529,524 +0.1%
Net Income $155,159 $-2,472,847 -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

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Governance

Voting Members
29
Independent Members
29
Employees
111
Volunteers
190

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
$436,518
Total Directors
29
$0
Key Employees
1
$158,788
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN KAMEI TRUSTEE 1.00
Director
$0 $0 $0
ALLAN LATTS TRUSTEE 1.00
Director
$0 $0 $0
ANGELA CURRY TRUSTEE 1.00
Director
$0 $0 $0
ANN GEORGEHEAD TRUSTEE 1.00
Director
$0 $0 $0
ANN WELLS TRUSTEE 1.00
Director
$0 $0 $0
ANNA TATMAN TRUSTEE 1.00
Director
$0 $0 $0
BRETT HALE TRUSTEE 1.00
Director
$0 $0 $0
BROOKES POPE TRUSTEE 1.00
Director
$0 $0 $0
BRUCE MERRICK TRUSTEE 1.00
Director
$0 $0 $0
CAMPBELL BROWN TRUSTEE 1.00
Director
$0 $0 $0
CAROL FARMER TRUSTEE 1.00
Director
$0 $0 $0
CATHY SMITH SHANNON TRUSTEE (FROM 10/23) 1.00
Director
$0 $0 $0
DEANA PARADIS TRUSTEE, TREASURER 1.00
Officer Director
$0 $0 $0
ERNIE TACOGUE TRUSTEE (FROM 10/23) 1.00
Director
$0 $0 $0
GILL HOLLAND TRUSTEE (FROM 10/23) 1.00
Director
$0 $0 $0
J TANNER WATKINS TRUSTEE 1.00
Director
$0 $0 $0
JIM ALLEN TRUSTEE (FROM 10/23) 1.00
Director
$0 $0 $0
JOHN CROCKETT TRUSTEE 1.00
Director
$0 $0 $0
KAVEH ZAMANIAN TRUSTEE 1.00
Director
$0 $0 $0
LOPA MEHROTRA TRUSTEE, CHAIR 1.00
Officer Director
$0 $0 $0
MARTHA SLAUGHTER TRUSTEE 1.00
Director
$0 $0 $0
RON MURPHY TRUSTEE 1.00
Director
$0 $0 $0
SEEMA SHETH TRUSTEE 1.00
Director
$0 $0 $0
SPENCER HARPER III TRUSTEE (FROM 10/23) 1.00
Director
$0 $0 $0
STACEY WADE TRUSTEE 1.00
Director
$0 $0 $0
SUSAN DABNEY LAVIN TRUSTEE 1.00
Director
$0 $0 $0
TAWANDA CHITAPA TRUSTEE, SECRETARY 1.00
Officer Director
$0 $0 $0
TODD LOWE TRUSTEE 1.00
Director
$0 $0 $0
TOM O'GRADY TRUSTEE 1.00
Director
$0 $0 $0
CATHERINE SURRATT CHIEF OPERATING OFFICER (FROM 10/23) 40.00
Officer
$141,789 $1,929 $143,718
RAPHAELA PLATOW EXECUTIVE DIRECTOR 40.00
Officer
$278,900 $13,900 $292,800
STACY GORDON-FUNK CHIEF OF PHILANTHROPY (FROM 10/23) 40.00
Key Emp
$158,788 $0 $158,788
DAVID DINKEL DIRECTOR OF IT 40.00
Highest
$144,808 $4,720 $149,528
ERIKA HOLMQUIST-WALL CHIEF CURATOR 40.00
Highest
$140,600 $7,000 $147,600
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 $17,055,129 $16,899,970 $143,462,541 $155,159
2023 $13,056,677 $15,529,524 $131,370,539 $-2,472,847
2022 $18,957,761 $14,002,151 $127,590,707 $4,955,610
2021 $14,473,949 $11,189,227 $144,061,757 $3,284,722
2020 $7,488,018 $11,265,371 $129,809,903 $-3,777,353
2019 $8,399,423 $13,358,974 $131,159,985 $-4,959,551
2018 $7,472,754 $13,130,834 $136,553,155 $-5,658,080
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