OWENSBORO MUSEUM OF FINE ART FOUNDATION INC

EIN: 611297343 501(c)(3) Philanthropy & Grantmaking

OWENSBORO, KY

Total Revenue
$1,393,408
Total Expenses
$724,956
Total Assets
$8,886,311
Net Assets
$8,683,781
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
KY
Principal Officer
JASON HAYDEN
Phone
2706853181
Tax Period
2024-07-01 to 2025-06-30

OWENSBORO MUSEUM OF FINE ART FOUNDATION INC, founded in 1995, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $668K, a strong 48% operating margin.

Mission

OWENSBORO MUSEUM OF FINE ART FOUNDATION, INC. IS ORGANIZED EXCLUSIVELY FOR THE PURPOSE OF PERPETUATING GROWTH AND DEVELOPMENT OF THE OWENSBORO MUSEUM OF FINE ART, INC., THE PRESERVATION AND ENHANCEMENT OF THE MUSEUM'S PERMANENT COLLECTIONS AND PROVIDING FOR THE MUSEUM'S OPERATING NEEDS.

Program Service Accomplishments

Program 1
Expenses: $656,919 Revenue: $4,277

PROVIDE PROGRAM SUPPORT TO THE OWENSBORO MUSEUM OF FINE ART, INCLUDING MAINTAINING AND EXHIBITING PERMANENT ART COLLECTION TO THE GENERAL PUBLIC.

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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 $1,157,176
Program Service Revenue $0
Investment Income $31,406
Other Revenue $204,826
TOTAL REVENUE $1,393,408

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,155
Fundraising Expenses $28,507
Program Expenses $656,919
Other Expenses $630,801
TOTAL EXPENSES $724,956

Year-over-Year Comparison

2024 2023 Change
Revenue $1,393,408 $1,164,427 +0.2%
Expenses $724,956 $610,152 +0.2%
Net Income $668,452 $554,275 +0.2%
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
15
Independent Members
13
Employees
N/A
Volunteers
25

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
3
$193,394
Total Directors
15
$193,394
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BRYAN HOOD PRESIDENT/DIRECTOR (THRU 11/2024) 10.00
Officer Director
$18,359 $20,022 $93,457
DAVID E BOSWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DR JAMES F NAAS CHAIRMAN 1.00
Officer Director
$0 $0 $0
DR R WATHEN MEDLEY JR CHAIRMAN EMERITUS 1.00
Director
$0 $0 $0
GAIL REISZ BRANCH BOARD MEMBER 1.00
Director
$0 $0 $0
HELEN BRADLEY BOARD MEMBER 1.00
Director
$0 $0 $0
BROOK FORREST WHITE JR BOARD MEMBER 1.00
Director
$0 $0 $0
JOANNA KENDALL BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN FAITH POTTER BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA SMITH-WRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
JASON HAYDEN EXECUTIVE DIRECTOR (SINCE 11/2024) 10.00
Officer Director
$19,829 $20,620 $99,937
NICK HETMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANN MURPHY KINCHELOE BOARD MEMBER 1.00
Director
$0 $0 $0
JIM ESTES BOARD MEMBER 1.00
Director
$0 $0 $0
SELMA WIESENBERG BOARD MEMBER 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
2025 $1,393,408 $724,956 $8,886,311 $668,452
2024 $1,164,427 $610,152 $7,962,532 $554,275
2023 $1,448,120 $352,301 $7,197,695 $1,095,819
2022 $985,132 $516,021 $5,986,189 $469,111
2021 $604,202 $506,081 $5,531,805 $98,121
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