KNOXVILLE MUSEUM OF ART

EIN: 620677701 501(c)(3) Arts, Culture & Humanities

KNOXVILLE, TN

Total Revenue
$3,250,828
Total Expenses
$3,322,687
Total Assets
$12,484,817
Net Assets
$12,395,605
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
TN
Principal Officer
JOYCE JONES
Phone
8655256101
Tax Period
2024-07-01 to 2025-06-30

KNOXVILLE MUSEUM OF ART, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Net assets of $12.4M represent 46 months of operating reserves.

Mission

THE PURPOSE OF THE KNOXVILLE MUSEUM OF ART IS TO SUPPORT AND PROMOTE PUBLIC INTEREST, AWARENESS, KNOWLEDGE AND EDUCATION IN THE VISUAL ARTS IN EAST TENNESSEE . TO THIS END, THE CORPORATION SHALL, AMONG OTHER THINGS, DEVELOP PERMANENT COLLECTION OF ORIGINAL WORKS OF ART AND PRESENT TEMPORARY EXHIBITIONS OF THE HIGHEST ARTISTIC MERIT.

Program Service Accomplishments

Program 1
Expenses: $470,946 Revenue: $456,493

EDUCATION AND PUBLIC PROGRAMS

Program 2
Expenses: $849,324

EXHIBITIONS OF ART, INCLUDING FACILITIES AND SECURITY.

Program 3
Expenses: $1,093,470

CURATORIAL COSTS, INCLUDING VALUATIONS, ACQUISITIONS, AND CARE OF ARTS.

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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 $2,890,434
Program Service Revenue $57,170
Investment Income $411,935
Other Revenue $-108,711
TOTAL REVENUE $3,250,828

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,629,142
Fundraising Expenses $476,082
Program Expenses $2,413,740
Other Expenses $1,693,545
TOTAL EXPENSES $3,322,687

Year-over-Year Comparison

2024 2023 Change
Revenue $3,250,828 $3,486,462 -0.1%
Expenses $3,322,687 $3,234,120 +0.0%
Net Income $-71,859 $252,342 -1.3%
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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Governance

Voting Members
34
Independent Members
34
Employees
64
Volunteers
150

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
$144,849
Total Directors
35
$144,849
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA BENTLEY TREASURER 2.00
Officer Director
$0 $0 $0
TAYLOR WORTHAM CHAIR 2.00
Officer Director
$0 $0 $0
ROB HELLER SECRETARY 2.00
Officer Director
$0 $0 $0
KAREN MANN TRUSTEE 2.00
Director
$0 $0 $0
MATT KAYE TRUSTEE 2.00
Director
$0 $0 $0
MIKE RODGERS TRUSTEE 2.00
Director
$0 $0 $0
MOLLY JOY TRUSTEE 2.00
Director
$0 $0 $0
LOUIS GAUCI CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
STEVE SMITH TRUSTEE 2.00
Director
$0 $0 $0
KITSY HARTLEY TRUSTEE 2.00
Director
$0 $0 $0
TIFFANY SILER TRUSTEE 2.00
Director
$0 $0 $0
CARTER GRIFFIN TRUSTEE 2.00
Director
$0 $0 $0
MELISSA BURLESON TRUSTEE 2.00
Director
$0 $0 $0
ANGELA MASINI TRUSTEE 2.00
Director
$0 $0 $0
LESLIE PARENT TRUSTEE 2.00
Director
$0 $0 $0
MOODY ALTAMIMI TRUSTEE 2.00
Director
$0 $0 $0
SAMMA HARPER BROMLEY TRUSTEE 2.00
Director
$0 $0 $0
NATALIE DOWLING TRUSTEE 2.00
Director
$0 $0 $0
LYNNE FUGATE TRUSTEE 2.00
Director
$0 $0 $0
KELLY HEADDEN TRUSTEE 2.00
Director
$0 $0 $0
SHERYL LINCK TRUSTEE 2.00
Director
$0 $0 $0
DEREK SPRATLEY TRUSTEE 2.00
Director
$0 $0 $0
CANDICE WILLOUGHBY TRUSTEE 2.00
Director
$0 $0 $0
STEVEN MATIJCIO EXECUTIVE DIRECTOR 40.00
Officer Director
$144,849 $0 $144,849
JUDY DOYLE TRUSTEE 2.00
Director
$0 $0 $0
REV RENEE KESLER TRUSTEE 2.00
Director
$0 $0 $0
SUSANA NAVARRO TRUSTEE 2.00
Director
$0 $0 $0
GAIL VAN HOOZIER TRUSTEE 2.00
Director
$0 $0 $0
SCOTT BIRD TRUSTEE 2.00
Director
$0 $0 $0
JILL DAVENPORT TRUSTEE 2.00
Director
$0 $0 $0
EMILY DEJARNETT TRUSTEE 2.00
Director
$0 $0 $0
SUSAN DOMINICK TRUSTEE 2.00
Director
$0 $0 $0
KATHERINE FIELDEN TRUSTEE 2.00
Director
$0 $0 $0
PAIGE PRESTON TRUSTEE 2.00
Director
$0 $0 $0
RACHEL KINNEY TRUSTEE 2.00
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 $3,250,828 $3,322,687 $12,484,817 $-71,859
2024 $3,486,462 $3,234,120 $12,559,127 $252,342
2023 $2,780,875 $3,150,947 $12,164,646 $-370,072
2022 $3,220,850 $2,974,614 $12,196,877 $246,236
2021 $2,942,227 $2,302,705 $12,545,698 $639,522
2020 $2,392,402 $2,568,798 $12,000,552 $-176,396
2019 $2,847,888 $2,716,227 $11,708,967 $131,661
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