OKLAHOMA CITY MUSEUM OF ART INC FK… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

MICHAEL J ANDERSON

Phone

4052363100

Tax Period

2024-07-01 to 2025-06-30

OKLAHOMA CITY MUSEUM OF ART INC FKA OKLAHOMA CITY ART MUSEUM, founded in 1945, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $6.9M left a modest 10% surplus.

Mission

THE MISSION OF THE OKLAHOMA CITY MUSEUM OF ART IS TO ENRICH LIVES THROUGH THE VISUAL ARTS.

Program Service Accomplishments

Program 1

Expenses: $3,603,391 Revenue: $969,185

EXHIBITIONS: THE MUSEUM ORGANIZES AND PRESENTS EXHIBITIONS RELATED TO ITS PRIMARY AREAS OF FOCUS - 19TH AND 20TH CENTURY AMERICAN ART, EUROPEAN ART, CONTEMPORARY ART, PHOTOGRAPHY, FILM AND STUDIO...

EXHIBITIONS: THE MUSEUM ORGANIZES AND PRESENTS EXHIBITIONS RELATED TO ITS PRIMARY AREAS OF FOCUS - 19TH AND 20TH CENTURY AMERICAN ART, EUROPEAN ART, CONTEMPORARY ART, PHOTOGRAPHY, FILM AND STUDIO GLASS. ADDITIONALLY, THE MUSEUM HOSTS TRAVELING EXHIBITIONS ORGANIZED BY ART MUSEUMS THROUGHOUT THE WORLD WITH A DIVERSITY OF ART HISTORICAL THEMES AND STYLES. RECENT EXAMPLES INCLUDE DISCOVERING ANSEL ADAMS, EDITH HEAD: HOLLYWOOD'S COSTUME DESIGNER, AND TRUE NATURE: RODIN AND THE AGE OF IMPRESSIONISM. THE MUSEUM'S EXHIBITIONS DRAW VISITORS FROM 50 STATES AND MORE THAN 10 FOREIGN COUNTRIES WITH ATTENDANCE OF OVER 66,000 GUESTS AND AN ECONOMIC IMPACT OF OVER $8,000,000 TO THE CITY. TOTAL ATTENDANCE TO THE MUSEUM EXCEEDS 100,000 VISITORS ANNUALLY.

Program 2

Expenses: $671,656 Revenue: $27,200

EDUCATION: THE MUSEUM'S EDUCATION DIVISION OFFERS CLASSES, LECTURES, TOURS, OUTREACH PROGRAMS, DISTANCE LEARNING AND GALLERY-BASED LEARNING EXPERIENCES FOR VISITORS OF ALL AGES, WITH SPECIAL PROGRAMS SERVING VISITORS WITH ACCESSIBILITY NEEDS. THE VARIOUS PROGRAMS SERVE MORE THAN 15,000 CHILDREN AND ADULTS PER YEAR.

Program 3

Expenses: $536,735 Revenue: $108,798

FILM: THE MUSEUM'S FILM PROGRAM IS THE REGION'S FINEST PROGRAM IN INDEPENDENT AND FOREIGN CINEMA. THE MUSEUM PRESENTS OVER 350 SCREENINGS ANNUALLY EVERY THURSDAY-SUNDAY, SERVING OVER 14,000 PEOPLE.

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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 $3,719,506

Program Service Revenue $784,855

Investment Income $2,615,535

Other Revenue $570,946

TOTAL REVENUE $7,690,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,501,913

Fundraising Expenses $465,852

Program Expenses $5,055,191

Other Expenses $3,393,244

TOTAL EXPENSES $6,895,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,690,842	$5,683,028	+0.4%
Expenses	$6,895,157	$7,045,090	0.0%
Net Income	$795,685	$-1,362,062	-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

115

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

$220,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUZETTE HATFIELD	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
JULIE HALL	CO-PAST CHAIR	4.00	Director	$0	$0	$0
AMY BANKHEAD	TRUSTEE	0.46	Director	$0	$0	$0
BOB BARNARD	VICE-CHAIR, FACILITIES	0.65	Officer Director	$0	$0	$0
PAULA BARRINGTON	TRUSTEE	0.69	Director	$0	$0	$0
J EDWARD BARTH	TRUSTEE	0.69	Director	$0	$0	$0
ELBY BEAL	TRUSTEE	0.00	Director	$0	$0	$0
JACQUELYN BERNEY	TRUSTEE	0.69	Director	$0	$0	$0
JEREMY BLACK	SECRETARY	4.00	Officer Director	$0	$0	$0
ALLEN BROWN	TRUSTEE	0.00	Director	$0	$0	$0
PHILIP BUSEY JR	VICE-CHAIR, EDUCATION	1.11	Officer Director	$0	$0	$0
BILL CAMERON	TRUSTEE	0.69	Director	$0	$0	$0
KATE CUNNINGHAM	TRUSTEE	0.69	Director	$0	$0	$0
LARRY DAVIS	VICE-CHAIR, AUDIT	1.11	Officer Director	$0	$0	$0
KAREN DELANEY	VICE-CHAIR, MARKETING	0.88	Officer Director	$0	$0	$0
JIM ENGLISH	TRUSTEE	0.69	Director	$0	$0	$0
ALI FARZANEH	TRUSTEE	0.69	Director	$0	$0	$0
KIRK HAMMONS	TRUSTEE	1.15	Director	$0	$0	$0
FRANK HILL	TRUSTEE	0.46	Director	$0	$0	$0
JEROME HOLMES	TRUSTEE	0.46	Director	$0	$0	$0
BECKY JOHNSON	TRUSTEE	0.46	Director	$0	$0	$0
LAUREN JOHNSON	TRUSTEE	0.92	Director	$0	$0	$0
STEVEN KERR	TRUSTEE	0.46	Director	$0	$0	$0
AARON KETTER	VICE-CHAIR, AT-LARGE	4.00	Officer Director	$0	$0	$0
DUKE LIGON	TRUSTEE	0.69	Director	$0	$0	$0
PENNY MCCALEB	TRUSTEE	0.92	Director	$0	$0	$0
AUBREY MCDERMID	TRUSTEE	0.46	Director	$0	$0	$0
VIRGINIA MEADE	VICE-CHAIR, RDC	1.11	Officer Director	$0	$0	$0
PHI NGUYEN	TRUSTEE	0.92	Director	$0	$0	$0
CYNDA OTTAWAY	TRUSTEE	0.46	Director	$0	$0	$0
CAROLINE PATTON	VICE-CHAIR, G&L	1.11	Officer Director	$0	$0	$0
NIKOLA PUFFINBARGER	TRUSTEE	0.92	Director	$0	$0	$0
JEFFREY RECORDS JR	TRUSTEE	0.46	Director	$0	$0	$0
BOB ROSS	VICE-CHAIR, AT-LARGE	4.00	Officer Director	$0	$0	$0
FAWN SACHLEBEN	TRUSTEE	0.69	Director	$0	$0	$0
ERIK SALAZAR	TRUSTEE	0.69	Director	$0	$0	$0
MEG SALYER	CO-PAST CHAIR	4.00	Director	$0	$0	$0
CHRIS SHILLING	TRUSTEE	0.69	Director	$0	$0	$0
AMALIA SILVERSTEIN	VICE-CHAIR, CEF	0.88	Officer Director	$0	$0	$0
SUSIE SYMCOX	TRUSTEE	1.15	Director	$0	$0	$0
RYAN TIDWELL	TRUSTEE	0.46	Director	$0	$0	$0
MAX WEITZENHOFFER	TRUSTEE	0.00	Director	$0	$0	$0
CHARLES E WIGGIN	TREASURER	4.00	Officer Director	$0	$0	$0
MICHAEL ANDERSON	PRESIDENT AND CEO	50.00	Officer	$210,100	$10,331	$220,431
KIMBERLEY WORRELL	CHIEF DEVELOPMENT OFFICER	50.00	Highest	$117,296	$12,251	$129,547
JENNIFER OLIVER	DIRECTOR OF FINANCE AND CONTROLLER	40.00	Highest	$100,835	$22,588	$123,423

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	$7,690,842	$6,895,157	$48,867,922	$795,685
2024	$5,683,028	$7,045,090	$47,807,044	$-1,362,062
2023	$6,484,818	$7,152,026	$46,808,292	$-667,208
2022	$9,123,451	$6,796,416	$46,184,349	$2,327,035
2021	$7,968,737	$5,749,571	$47,340,772	$2,219,166
2020	$4,357,744	$5,644,012	$39,609,067	$-1,286,268
2019	$5,855,312	$6,740,794	$40,413,234	$-885,482
2018	$5,179,152	$6,425,793	$40,633,767	$-1,246,641

OKLAHOMA CITY MUSEUM OF ART INC FKA OKLAHOMA CITY ART MUSEUM