HOUSTON MUSEUM OF DECORATIVE ARTS

EIN: 620712778 501(c)(3) Arts, Culture & Humanities

CHATTANOOGA, TN

Total Revenue
$163,488
Total Expenses
$178,215
Total Assets
$1,056,402
Net Assets
$1,041,429
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
TN
Principal Officer
LENDA SHERRELL
Phone
4232677176
Tax Period
2024-06-01 to 2025-05-31

HOUSTON MUSEUM OF DECORATIVE ARTS, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $163K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 76 months of operating reserves.

Mission

THE MISSION OF THE HOUSTON MUSEUM OF DECORATIVE ARTS IS TO PRESERVE, ENHANCE, PRESENT, AND PROMOTE THE DECORATIVE ART COLLECTION OF THE LATE ANNA SAFLEY HOUSTON FOR PUBLIC UNDERSTANDING, EDUCATION, AND ENJOYMENT; TO INCREASE PUBLIC UNDERSTANDING AND ENJOYMENT OF THE CREATIVE EFFORTS INVOLVED IN MAKING DECORATIVE ART OBJECTS; AND TO INCREASE PUBLIC UNDERSTANDING OF THE SOCIAL AND CULTURAL INFLUENCES ON THE DECORATIVE ARTS DOWN THROUGH THE CENTURIES.

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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 $99,941
Program Service Revenue $21,140
Investment Income $218
Other Revenue $42,189
TOTAL REVENUE $163,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $116,700
Fundraising Expenses $12,925
Program Expenses $126,315
Other Expenses $61,515
TOTAL EXPENSES $178,215

Year-over-Year Comparison

2024 2023 Change
Revenue $163,488 $700,209 -0.8%
Expenses $178,215 $191,380 -0.1%
Net Income $-14,727 $508,829 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
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
6
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH BROYLES TRUSTEE 1.00
Director
$0 $0 $0
CINDY PAINTER PRESIDENT 1.00
Officer Director
$0 $0 $0
CLARE HETZLER TRUSTEE 1.00
Director
$0 $0 $0
COURTNEY REYNOLDS REC. SECRETARY 1.00
Officer Director
$0 $0 $0
DEL MCDUFFIE TRUSTEE 1.00
Director
$0 $0 $0
FRED SPEAKMAN DIRECTOR EMERITUS 1.00
Director
$0 $0 $0
JANE LUPTON TRUSTEE 1.00
Director
$0 $0 $0
JULIA DOOLEY TRUSTEE 1.00
Director
$0 $0 $0
KAREN MURPHY TRUSTEE 1.00
Director
$0 $0 $0
KAREN OFFICER- BELL TRUSTEE 1.00
Director
$0 $0 $0
KATHI GRANT WILLIS CORR. SECRETARY 1.00
Officer Director
$0 $0 $0
LINDA ALLEN PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
LENDA SHERRELL TREASURER 1.00
Officer Director
$0 $0 $0
LORI CLEGHON TRUSTEE 1.00
Director
$0 $0 $0
LULU COPELAND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LYNNE FORATO TRUSTEE 1.00
Director
$0 $0 $0
MARILYN HOKE TRUSTEE 1.00
Director
$0 $0 $0
TAVENNER HALL TRUSTEE 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 $163,488 $178,215 $1,056,402 $-14,727
2024 $700,209 $191,380 $745,592 $508,829
2023 $174,392 $163,851 $244,707 $10,541
2022 $153,559 $139,484 $222,801 $14,075
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