MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION (EIN 636049847) - 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

1964

Legal Domicile

Principal Officer

JASON WESTBROOK

Phone

3346254372

Tax Period

2023-10-01 to 2024-09-30

MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION, founded in 1964, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2017. Expenses of $3.4M exceeded revenue, resulting in a 90% operating deficit.

Mission

MMFA PROVIDES EXPERIENCES CENTERED ON HUMAN CREATIVITY.

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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 $911,016

Program Service Revenue $123,669

Investment Income $714,812

Other Revenue $113,716

TOTAL REVENUE $1,863,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,500

Fundraising Expenses $10,746

Program Expenses $2,093,524

Other Expenses $2,599,556

TOTAL EXPENSES $2,925,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,863,213	$2,207,367	-0.2%
Expenses	$2,925,056	$1,454,377	+1.0%
Net Income	$-1,061,843	$752,990	-2.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLSEY CHUCK ADKINS-WILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRETT AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHEILA AUSTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON BARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY CURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWIN C BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLI GAVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MYRTLE GOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL HART	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCY JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
OCTAVIUS JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SONDRA RHOADS JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RHON JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KEITH JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHINTIA KIRANA	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY CARAWAY MCCORKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRYN MOTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
DEMONICA PUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERON ROSE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT RUNKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE RUSSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHNNIE SANKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY SAWYER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SNEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
GRIFFITH WALLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON WESTBROOK	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE WEARY WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
PENNY WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURIE WEIL	PRESIDENT	2.00	Officer Director	$0	$0	$0
WILLIAM FORD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PETE KNIGHT JR	SECRETARY	1.00	Officer Director	$0	$0	$0
DEE RUSSELL	TREASURER	1.00	Officer Director	$0	$0	$0
CATHY MARTIN	IMMEDIATE PAST PRESIDENT	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
2024	$1,863,213	$2,925,056	$15,690,106	$-1,061,843
2023	$2,207,367	$1,454,377	$14,865,471	$752,990
2022	$2,048,734	$1,756,682	$12,747,355	$292,052
2021	$2,387,013	$2,002,014	$14,468,966	$384,999
2020	$1,625,620	$1,541,633	$13,156,748	$83,987
2019	$2,129,841	$1,499,319	$12,867,836	$630,522
2018	$1,814,218	$3,445,561	$13,069,875	$-1,631,343

MONTGOMERY MUSEUM OF FINE ARTS ASSOCIATION