FRIST ART MUSEUM

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

SETH FEMAN PHD

Phone

6152443340

Tax Period

2024-01-01 to 2024-12-31

FRIST ART MUSEUM, founded in 1998, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 20% operating margin.

Mission

TO PRESENT AND ORIGINATE HIGH QUALITY EXHIBITIONS WITH RELATED EDUCATIONAL PROGRAMS AND COMMUNITY OUTREACH ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $7,680,766 Revenue: $1,315,160

EXHIBITIONS: HOSTED TRAVELING ART EXHIBITIONS FROM THE UNITED STATES AND ABROAD, AS WELL AS INTERNAL DEVELOPMENT OF ART EXHIBITIONS ON A DIVERSE RANGE OF THEMES

Program 2

Expenses: $2,393,377 Revenue: $33,875

EDUCATION AND ENGAGEMENT: OFFERED A WIDE VARIETY OF ACCESSIBLE AND AFFORDABLE PROGRAMS DESIGNED TO ASSIST PEOPLE OF ALL AGES AND BACKGROUDS TO BECOME MORE KNOWLEDGEABLE AND APPRECIATIVE OF ART.

Program 3

Expenses: $1,199,913 Revenue: $392,141

MEMBER AND GUEST SERVICES: THE FRIST ART MUSEUM PROVIDES AN ENRICHING MEMBER AND GUEST EXPERIENCE THROUGH GALLERY GUIDANCE. EXHIBITION CONTENT IS MADE AVAILABLE TO MEMBERS AND GUESTS THROUGH MEMBER...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,025,961

Program Service Revenue $1,741,176

Investment Income $870,822

Other Revenue $577,801

TOTAL REVENUE $18,215,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,341,676

Fundraising Expenses $812,231

Program Expenses $11,722,260

Other Expenses $8,244,481

TOTAL EXPENSES $14,586,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,215,760	$16,190,320	+0.1%
Expenses	$14,586,157	$13,314,347	+0.1%
Net Income	$3,629,603	$2,875,973	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

225

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

$526,045

Total Directors

Key Employees

$390,084

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R FRIST	CHAIRMAN & PRESIDENT	10.00	Officer Director	$0	$0	$0
PHIL BILLINGTON	TRUSTEE	2.00	Director	$0	$0	$0
CLAY BLEVINS	TRUSTEE	2.00	Director	$0	$0	$0
LAURA CHADWICK	TRUSTEE	2.00	Director	$0	$0	$0
RAMON CISNEROS	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH DENNIS	TRUSTEE	2.00	Director	$0	$0	$0
KARYN MCLAUGHLIN FRIST	TRUSTEE	2.00	Director	$0	$0	$0
FRANK M GARRISON JR	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD C GENTRY	TRUSTEE	2.00	Director	$0	$0	$0
BOB GORDON	TRUSTEE	2.00	Director	$0	$0	$0
JAMES HARBISON	TRUSTEE	2.00	Director	$0	$0	$0
DON HARDIN	TRUSTEE	2.00	Director	$0	$0	$0
MELVIN N JOHNSON DBA	TRUSTEE	2.00	Director	$0	$0	$0
NEIL KRUGMAN	TRUSTEE	2.00	Director	$0	$0	$0
WANDA LYLE	TRUSTEE	2.00	Director	$0	$0	$0
DEE PATEL	TRUSTEE	2.00	Director	$0	$0	$0
TARA SCARLETT	TRUSTEE	2.00	Director	$0	$0	$0
JAMAAL B SHEATS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN SMITHWICK	TRUSTEE	2.00	Director	$0	$0	$0
JOE N STEAKLEY	TRUSTEE	2.00	Director	$0	$0	$0
DEBORAH E STORY	TRUSTEE	2.00	Director	$0	$0	$0
JULIE W WALKER	TRUSTEE	2.00	Director	$0	$0	$0
GAIL P CARR WILLIAMS	TRUSTEE	2.00	Director	$0	$0	$0
SETH FEMAN	EXEC. DIRECTOR & CEO	40.00	Officer	$338,278	$23,307	$361,585
CAROL VOLLBRECHT	DIRECTOR-FINANCE	40.00	Officer	$149,503	$14,957	$164,460
JACK STRINGHAM	SECRETARY	2.00	Officer	$0	$0	$0
MARK SCALA	CHIEF CURATOR	40.00	Key Emp	$178,071	$18,737	$196,808
JONATHAN NORRIS	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$182,061	$11,215	$193,276
ANNE HENDERSON	DIRECTOR-EDUCATION AND ENG	40.00	Highest	$147,510	$16,471	$163,981
ELLEN PRYOR	DIRECTOR-COMMUNICATIONS	40.00	Highest	$140,659	$18,108	$158,767
HANS SCHMITT-MATZEN	DIRECTOR-INTERNAL AFFAIRS	40.00	Highest	$131,218	$23,970	$155,188
SHERI HORN	DIRECTOR-HUMAN RESOURCES	40.00	Highest	$122,036	$16,400	$138,436
MARCELL JONES	FACILITIES DIRECTOR	40.00	Highest	$100,982	$6,431	$107,413

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	$18,215,760	$14,586,157	$40,283,377	$3,629,603
2023	$16,190,320	$13,314,347	$35,413,391	$2,875,973
2022	$17,227,552	$12,646,169	$32,978,116	$4,581,383
2021	$15,454,781	$12,816,142	$30,068,283	$2,638,639
2020	$12,277,490	$11,816,020	$27,247,403	$461,470
2019	$15,270,030	$13,283,485	$27,200,427	$1,986,545
2018	$14,083,224	$12,759,220	$25,262,845	$1,324,004