HISTORIC ARKANSAS MUSEUM FOUNDATION

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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

1973

Legal Domicile

Principal Officer

ERIN MCCARLEY

Phone

5013249351

Tax Period

2023-01-01 to 2023-12-31

HISTORIC ARKANSAS MUSEUM FOUNDATION, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2023. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $307K exceeded revenue, resulting in a 78% operating deficit.

Mission

THE HISTORIC ARKANSAS MUSEUM FOUNDATION: THE FOUNDATION EXISTS TO SUPPORT THE HISTORIC ARKANSAS MUSEUM THORUGH ACTIVITIES THAT FOSTER HISTORY AND CULTURE EDUCATION THROUGH FUNDRAISING EFFORTS THAT INCREASE ACCESS TO EDUCATIONAL PROGRAMMING AND BY PROVIDING FINANCIAL ASSISTANCE RELATED TO COLLECTIONS ACQUISITIONS. HISTORIC ARKANSAS MUSEUM: THE MISSION OF THIS HISTORY AND HISTORIC SITE MUSEUM IS TO COMMUNICATE THE EARLY HISTORY OF ARKANSAS AND ITS CREATIVE LEGACY THROUGH PRESERVING, INTERPRETING, AND PRESENTING STORIES AND COLLECTIONS FOR THE EDUCATION AND ENJOYMENT OF THE PEOPLE IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $59,069 Revenue: $1,380

PROVIDING AND PROMOTING ACCESS TO THE MUSEUM'S EDUCATIONAL PROGRAMS WHICH ARE CENTERED ON ARKANSAS HISTORY AND CULTURE THROUGH EXHIBITS, DEMONSTRATIONS, AND ACTORS' PORTRAYALS OF LIFE IN EARLY...

PROVIDING AND PROMOTING ACCESS TO THE MUSEUM'S EDUCATIONAL PROGRAMS WHICH ARE CENTERED ON ARKANSAS HISTORY AND CULTURE THROUGH EXHIBITS, DEMONSTRATIONS, AND ACTORS' PORTRAYALS OF LIFE IN EARLY ARKANSAS (THE LIVING HISTORY PROGRAM).

Program 2

Expenses: $183,701

ACQUISITION OF ARKANSAS MADE ARTIFACTS FOR THE MUSEUM'S COLLECTION.

Program 3

PRESENTATION OF THE FOODS RAISED, PRODUCED, AND PREPARED BY A VARIETY OF CULTURES THAT INFLUENCED EARLY ARKANSANS WAY OF LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $51,001

Program Service Revenue $1,380

Investment Income $115,808

Other Revenue $3,695

TOTAL REVENUE $171,884

Expense Breakdown

Grants Paid $183,827

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $242,770

Other Expenses $122,812

TOTAL EXPENSES $306,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$171,884	$68,494	+1.5%
Expenses	$306,639	$137,896	+1.2%
Net Income	$-134,755	$-69,402	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHARINE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHANDLER WILSON CAROLL	DIRECTOR	1.00	Director	$0	$0	$0
ADRIENNE COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
LAURA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAL HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
TONYA HOOKS	DIRECTOR	1.00	Director	$0	$0	$0
M HAMILTON BITELY IV	TREASURER	2.00	Officer Director	$0	$0	$0
MARY CLAIRE IMPRO	DIRECTOR	1.00	Director	$0	$0	$0
VIJI KURUVILLA	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN LOUCKS	DIRECTOR	2.00	Director	$0	$0	$0
ERIN MCCARLEY	PRESIDENT	3.00	Officer Director	$0	$0	$0
MOLLY MCNULTY	DIRECTOR	1.00	Director	$0	$0	$0
ANNE ORSI	DIRECTOR	1.00	Director	$0	$0	$0
BILLY ROEHRENBECK	DIRECTOR	1.00	Director	$0	$0	$0
AARON D SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
GREGGORY SIMRIL	DIRECTOR	1.00	Director	$0	$0	$0
TELLY L NOEL SR	DIRECTOR	1.00	Director	$0	$0	$0
LAURA STANLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHANCE THARP	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
SARAH THOMAS	SECRETARY	2.00	Officer Director	$0	$0	$0
STEPHANIE WADE	EXECUTIVE DI	40.00	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	No data	No data	No data	No data
2023	$171,884	$306,639	$1,792,556	$-134,755
2022	$68,494	$137,896	$1,818,975	$-69,402
2021	$159,182	$94,762	$2,088,973	$64,420
2020	$69,635	$72,607	$1,906,178	$-2,972
2019	$188,392	$129,682	$1,766,858	$58,710
2018	$86,703	$119,398	$1,515,361	$-32,695