THE ART FUND OF BIRMINGHAM INC (EIN 630767725) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Principal Officer

TINA PHILLIPS

Phone

2053265120

Tax Period

2023-07-01 to 2024-06-30

THE ART FUND OF BIRMINGHAM INC, founded in 1951, is a small nonprofit that reported $423K in total revenue in fiscal year 2017. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $134K, a strong 32% operating margin.

Mission

TO SUPPORT THE BIRMINGHAM MUSEUM OF ART (BMA) THROUGH ART ACQUISITION, EDUCATION, AND OTHER BMA SPECIAL PROJECTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,056,617

Program Service Revenue $0

Investment Income $300,752

Other Revenue $0

TOTAL REVENUE $1,357,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $790,435

Other Expenses $866,535

TOTAL EXPENSES $866,535

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,357,369	$522,933	+1.6%
Expenses	$866,535	$640,951	+0.4%
Net Income	$490,834	$-118,018	-5.2%

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

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

$852,885

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN E HAGESFSTRATION	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES SIMPSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GAIL ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES M JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA PEZROW	DIRECTOR	1.00	Director	$0	$0	$0
ALAN ZEIGLER	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE CRAWFORD MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
RUPA KITCHENS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CAIN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JACK	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY MCINTOSH	DIRECTOR OF FINANCE AND FA	5.00	Officer	$0	$8,817	$117,258
GRAHAM BOETTCHER	MUSEUM DIRECTOR AND CEO	5.00	Officer	$0	$15,128	$270,252
CHANTAL DRAKE	DEPUTY DIRECTOR	2.00	Officer	$0	$9,794	$139,742
KATIE THOMPSON	DIRECTOR OF INSTITUTIONAL	2.00	Officer	$0	$9,114	$93,908
ANNE FORSCHLER-TARRASH	DIRECTOR OF COLLECTIONS AN	2.00	Officer	$0	$511	$17,545
BILL SMITH	DIRECTOR OF PEOPLE AND CUL	2.00	Officer	$0	$15,952	$118,652
JAMES WILLIAMS	DIRECTOR OF DESIGN AND TEC	2.00	Officer	$0	$9,822	$95,528
RACHEL WHITE	DIRECTOR OF LEARNING AND ENGAGEMENT	2.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2024	$1,357,369	$866,535	$10,190,495	$490,834
2023	$522,933	$640,951	$9,292,053	$-118,018
2022	$3,350,244	$185,000	$8,511,961	$3,165,244
2021	$230,380	$265,649	$6,916,984	$-35,269
2020	$204,180	$293,064	$5,756,839	$-88,884
2019	$304,738	$559,622	$5,823,381	$-254,884
2018	$422,598	$288,758	$5,012,225	$133,840

THE ART FUND OF BIRMINGHAM INC