Louisville, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)KMAC MUSEUM, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 34% operating deficit.
KMAC IS LOUISVILLES PREMIER CONTEMPORARY ART MUSEUM IN DOWNTOWN LOUISVILLE ON MUSEUM ROW. THROUGH EXHIBITIONS, EDUCATION, AND OUTREACH, KMAC WORKS TO CONNECT PEOPLE TO ART AND CREATIVE PRACTICE.
EXHIBITIONS AND PROGRAMS- THE MUSEUM FEATURES CONTEMPORARY ART THAT EXPLORES CRAFT EMPHASIZING THE TECHNIQUES, MATERIALS AND PROCESS OF CREATIVE EXPRESSION. THE MUSEUMS GOAL IS TO EDUCATE AND...
EXHIBITIONS AND PROGRAMS- THE MUSEUM FEATURES CONTEMPORARY ART THAT EXPLORES CRAFT EMPHASIZING THE TECHNIQUES, MATERIALS AND PROCESS OF CREATIVE EXPRESSION. THE MUSEUMS GOAL IS TO EDUCATE AND INSPIRE, WHILE PROMOTING A BETTER UNDERSTANDING OF ART AND CRAFT THROUGH EXHIBITIONS, COLLABORATIONS, OUTREACH AND PERMANENT COLLECTION. ALLIANCES ARE FORGED WITHIN KENTUCKY, REGIONALLY, NATIONALLY AND INTERNATIONALLY IN ORDER TO PARTICIPATE IN A BROADER CONVERSATION ABOUT ART AND ITS ROLE IN SOCIETY.
EDUCATION- EDUCATIONAL OFFERINGS AT KMAC INCLUDE CAMPS, ARTIST RESIDENCIES, FIELD TRIPS, MOBILE MUSEUMS, FAMILY WORKSHOPS, AND ON AND OFF SITE WORKSHOPS. FIELD TRIPS INCLUDE A CORE-CONTENT BASED...
EDUCATION- EDUCATIONAL OFFERINGS AT KMAC INCLUDE CAMPS, ARTIST RESIDENCIES, FIELD TRIPS, MOBILE MUSEUMS, FAMILY WORKSHOPS, AND ON AND OFF SITE WORKSHOPS. FIELD TRIPS INCLUDE A CORE-CONTENT BASED GUIDED TOUR OF EXHIBITS, FOLLOWED BY HANDS-ON ART PROJECT THAT STUDENTS CAN TAKE HOME. TEACHERS CHOOSE BETWEEN A THEMATIC PROJECT THAT MAKES CONNECTION TO CURRENT EXHIBITS AND A MORE SPECIFIC, HANDS ON PROJECT TO MAKE CONNECTIONS TO CURRENT CLASSROOM STUDY. POSSIBLE PROJECTS/MEDIA INCLUDE BOOKMAKING, PRINTMAKING, PAINTING, DRAWING, FIBER ART, CERAMICS, WOOD,FOLK ART, MIXED MEDIA AND MORE. THE MOBILE MUSEUM OUTREACH PROGRAM OFFERS HANDS ON ART PIECES AND PROJECTS WITH 13 DIFFERENT THEMES TO ENGAGE STUDENTS WITH ART OUTSIDE OF THE MUSEUM. THE SCHOLASTIC ARTIST-IN-RESIDENCE PROGRAM BRINGS A PROFESSIONAL ARTIST.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,190,231 | $1,205,828 | 0.0% |
| Expenses | $1,591,009 | $1,716,863 | -0.1% |
| Net Income | $-400,778 | $-511,035 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHELLE STAGGS | EXECUTIVE DIRECTOR | 0.00 |
Highest
|
$106,733 | $0 | $106,733 |
| JOEY YATES | CURITORIAL DIRECTOR | 0.00 |
Key Emp
|
$78,083 | $0 | $78,083 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,190,231 | $1,591,009 | $5,307,840 | $-400,778 |
| 2024 | $1,205,828 | $1,716,863 | $5,541,970 | $-511,035 |
| 2023 | $1,480,077 | $1,660,227 | $6,139,102 | $-180,150 |
| 2022 | $2,758,645 | $1,343,192 | $7,413,702 | $1,415,453 |
| 2021 | $857,618 | $1,009,360 | $6,171,593 | $-151,742 |
| 2020 | $1,086,379 | $1,366,348 | $6,172,712 | $-279,969 |
| 2018 | $1,171,141 | $1,167,334 | $6,727,170 | $3,807 |
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