FRIST ART MUSEUM FOUNDATION (EIN 621731495) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

CAROL L VOLLBRECHT

Phone

6152443340

Tax Period

2024-01-01 to 2024-12-31

FRIST ART MUSEUM FOUNDATION, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 175% from the prior year, signaling strong growth momentum. The organization ran a surplus of $608K, a strong 16% operating margin.

Mission

SUPPORTING ORGANIZATION TO FRIST ART MUSEUM (EIN: 62-1731492)

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,828,799

Other Revenue $23,052

TOTAL REVENUE $3,851,851

Expense Breakdown

Grants Paid $2,650,959

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,650,959

Other Expenses $592,577

TOTAL EXPENSES $3,243,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,851,851	$1,402,117	+1.7%
Expenses	$3,243,536	$2,672,268	+0.2%
Net Income	$608,315	$-1,270,151	-1.5%

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

Governance

Voting Members

Independent Members

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

$526,045

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R FRIST	CHAIRMAN & PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURA CHADWICK	DIRECTOR	1.00	Director	$0	$0	$0
KARYN MCLAUGHLIN FRIST	DIRECTOR	1.00	Director	$0	$0	$0
FRANK M GARRISON JR	DIRECTOR	1.00	Director	$0	$0	$0
BOB GORDON	DIRECTOR	1.00	Director	$0	$0	$0
JAMAAL B SHEATS	DIRECTOR	1.00	Director	$0	$0	$0
JOE N STEAKLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SMITHWICK	DIRECTOR	1.00	Director	$0	$0	$0
CAROL L VOLLBRECHT	TREASURER	1.00	Officer	$0	$14,957	$164,460
JACK F STRINGHAM II	SECRETARY	1.00	Officer	$0	$0	$0
SETH FEMAN	CEO	1.00	Officer	$0	$23,307	$361,585

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	$3,851,851	$3,243,536	$73,137,463	$608,315
2023	$1,402,117	$2,672,268	$68,031,155	$-1,270,151
2022	$1,420,729	$2,368,257	$62,764,334	$-947,528
2021	$5,732,814	$2,302,726	$70,216,759	$3,430,088
2020	$1,237,437	$2,071,678	$55,077,867	$-834,241
2019	$2,002,598	$2,106,195	$51,048,598	$-103,597
2018	$2,215,712	$1,875,602	$45,725,763	$340,110

FRIST ART MUSEUM FOUNDATION