MISSISSIPPI MUSEUM OF ART FOUNDATION (EIN 640740515) - 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

1987

Legal Domicile

Principal Officer

KAREN THOMAS

Phone

6019601515

Tax Period

2024-07-01 to 2025-06-30

MISSISSIPPI MUSEUM OF ART FOUNDATION, founded in 1987, is a small nonprofit that reported $954K in total revenue in fiscal year 2024. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $512K, a strong 54% operating margin.

Mission

CULTURAL AND ARTISTIC ENLIGHTENMENT

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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 $953,898

Other Revenue $0

TOTAL REVENUE $953,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,891

Other Expenses $441,891

TOTAL EXPENSES $441,891

Year-over-Year Comparison

	2024	2023	Change
Revenue	$953,898	$452,935	+1.1%
Expenses	$441,891	$258,099	+0.7%
Net Income	$512,007	$194,836	+1.6%

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

$333,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELEE REEVES	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRAD MALEY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
JULIUS RIDGWAY	TRUSTEE	1.00	Director	$0	$0	$0
DONNA BRUCE	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTY JONES	PAST CHAIR MMA	1.00	Director	$0	$0	$0
DEIDRA BELL	TREASURER	1.00	Officer Director	$0	$0	$0
DENISE OWENS	CHAIR OF MMA	1.00	Director	$0	$0	$0
BETSY BRADLEY	EXEC DIR - MUSEUM	2.00	Officer	$0	$43,725	$333,536

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	$953,898	$441,891	$7,979,007	$512,007
2024	$452,935	$258,099	$7,666,517	$194,836
2023	$522,162	$261,519	$6,994,950	$260,643
2022	$289,740	$271,294	$6,642,883	$18,446
2021	$616,395	$512,694	$7,717,704	$103,701
2020	$310,459	$222,000	$6,518,668	$88,459
2019	$938,844	$425,080	$6,582,045	$513,764
2018	$383,704	$220,000	$6,275,878	$163,704

MISSISSIPPI MUSEUM OF ART FOUNDATION