Memphis Brooks Museum of Art Inc (EIN 626063304) - 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

1989

Legal Domicile

Phone

9015446200

Tax Period

2024-07-01 to 2025-06-30

Memphis Brooks Museum of Art Inc, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $40.0M in total revenue in fiscal year 2024. The organization ran a surplus of $32.6M, a strong 82% operating margin.

Mission

To Create Joy through the Power of Art.

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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 $35,555,241

Program Service Revenue $246,151

Investment Income $3,174,905

Other Revenue $1,055,104

TOTAL REVENUE $40,031,401

Expense Breakdown

Grants Paid $6,750

Salaries & Benefits $4,509,753

Fundraising Expenses $860,558

Program Expenses $4,363,443

Other Expenses $2,866,594

TOTAL EXPENSES $7,383,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,031,401	$39,212,315	+0.0%
Expenses	$7,383,097	$7,417,503	0.0%
Net Income	$32,648,304	$31,794,812	+0.0%

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

Volunteers

101

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

$571,318

Total Directors

Key Employees

$166,443

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carl Person	Chair	2.0	Officer Director	$0	$0	$0
Mat Parker	Tresurer	2.0	Officer Director	$0	$0	$0
Milton Lovell	Vice Chair	2.0	Officer Director	$0	$0	$0
Tanya Hart	Secretary	2.0	Officer Director	$0	$0	$0
Adam Hanover	Trustee	2.0	Director	$0	$0	$0
Amy Wright	Trustee	2.0	Director	$0	$0	$0
Barbara Hyde	Trustee	2.0	Director	$0	$0	$0
Brandice Daniel	Trustee	2.0	Director	$0	$0	$0
Chiquilla Brown	Trustee	2.0	Director	$0	$0	$0
David Willmott	Trustee	2.0	Director	$0	$0	$0
Debi Havner	Trustee	2.0	Director	$0	$0	$0
Deborah Craddock	Trustee	2.0	Director	$0	$0	$0
Derek Fordjour	Trustee	2.0	Director	$0	$0	$0
Erica Coopwood	Trustee	2.0	Director	$0	$0	$0
Gail Schledwitz	Trustee	2.0	Director	$0	$0	$0
Gloria Boyland	Trustee	2.0	Director	$0	$0	$0
Greg Jackson	Trustee	2.0	Director	$0	$0	$0
Jason Wexler	Trustee	2.0	Director	$0	$0	$0
Jay Keegan	Trustee	2.0	Director	$0	$0	$0
Jenna Bedsole	Trustee	2.0	Director	$0	$0	$0
Kim MacQueen	Trustee	2.0	Director	$0	$0	$0
Kristy Carmichael	Trustee	2.0	Director	$0	$0	$0
Linda Ivy-Rosser	Trustee	2.0	Director	$0	$0	$0
Logan Meeks	Trustee	2.0	Director	$0	$0	$0
Logan Scheidt	Trustee	2.0	Director	$0	$0	$0
Mary Lee Copp	Trustee	2.0	Director	$0	$0	$0
Melyne Strickland	Trustee	2.0	Director	$0	$0	$0
Nathan Bicks	Trustee	2.0	Director	$0	$0	$0
Nelda Burroughs	Trustee	2.0	Director	$0	$0	$0
Rob Carter	Trustee	2.0	Director	$0	$0	$0
Rob Heard	Trustee	2.0	Director	$0	$0	$0
Rodney Herenton	Trustee	2.0	Director	$0	$0	$0
Shanea McKinney	Trustee	2.0	Director	$0	$0	$0
Sol Aponte	Trustee	2.0	Director	$0	$0	$0
Sonia Eden	Trustee	2.0	Director	$0	$0	$0
Tate Wilson	Trustee	2.0	Director	$0	$0	$0
Trevia Chatman	Trustee	2.0	Director	$0	$0	$0
Shawn Taylor	Director of Finance	40.0	Officer	$141,646	$11,810	$153,456
Zoe Kahr	Exective Director	40.0	Officer	$386,055	$31,807	$417,862
Melissa Whitby	Chief Development Officer	40.0	Key Emp	$162,462	$3,981	$166,443
Dorothy McClure	Director of Development	40.0	Highest	$103,497	$11,997	$115,494
Jeff Rhodin	Chief Revenue Officer	40.0	Highest	$130,152	$11,406	$141,558
Rosamund Garrett	Chief Curator	40.0	Highest	$104,047	$9,509	$113,556

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	$40,031,401	$7,383,097	$171,305,144	$32,648,304
2024	$39,212,315	$7,417,503	$137,240,323	$31,794,812
2023	$44,315,903	$6,287,800	$97,084,353	$38,028,103
2022	$22,045,106	$8,002,904	$56,034,358	$14,042,202
2021	$7,821,496	$4,352,207	$44,232,792	$3,469,289
2020	$9,947,815	$7,176,504	$36,496,104	$2,771,311
2019	$26,126,400	$4,884,447	$33,415,814	$21,241,953
2018	$10,915,485	$4,357,006	$12,532,866	$6,558,479

Memphis Brooks Museum of Art Inc