OKLAHOMA MUSEUMS ASSOCIATION

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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

1968

Legal Domicile

Principal Officer

BRENDA GRANGER

Phone

4054247757

Tax Period

2023-07-01 to 2024-06-30

OKLAHOMA MUSEUMS ASSOCIATION, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $349K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO EMPOWER OKLAHOMA MUSEUMS

Program Service Accomplishments

Program 1

Expenses: $314,529 Revenue: $108,851

OKLAHOMA MUSEUMS ASSOCIATION (OMA) IS THE PRIMARY PROVIDER OF PROFESSIONAL TRAINING AND TECHNICAL INFORMATION TO STAFF AND VOLUNTEERS OF OKLAHOMA'S 500 PLUS MUSEUMS, HISTORICAL SOCIETIES, HISTORIC...

OKLAHOMA MUSEUMS ASSOCIATION (OMA) IS THE PRIMARY PROVIDER OF PROFESSIONAL TRAINING AND TECHNICAL INFORMATION TO STAFF AND VOLUNTEERS OF OKLAHOMA'S 500 PLUS MUSEUMS, HISTORICAL SOCIETIES, HISTORIC SITES, ZOOS AND BOTANICAL GARDENS, HISTORIC HOUSES, LIVING HISTORY MUSEUMS, TRIBAL CULTURAL CENTERS AND OTHER MUSEUM RELATED INSTITUTIONS. OMA SUPPORTS MUSEUMS BY: 1) DEVELOPING RESOURCES TO FULFILL THE MISSION; 2)BUILDING NETWORKS AMONG MEMBERS AND MEMBER INSTITUTIONS AS WELL AS WITH VARIOUS PUBLICS; 3) ENCOURAGING PUBLIC AWARENESS OF THE EXISTENCE, PURPOSES, AND VALUE OF MUSEUMS; 4) PROMOTING PROFESSIONAL GROWTH AMONG MUSEUM EMPLOYEES AND VOLUNTEERS; 5) PROVIDING PROFESSIONAL SERVICES TO OKLAHOMA MUSEUMS; AND 6) ADVOCATING ON BEHALF OF MUSEUMS. OMA OFFERS A VARIETY OF WORKSHOPS, SEMINARS AND AN ANNUAL CONFERENCE; QUARTERLY NEWSLETTER MUSENEWS; WEBSITE WWW.OKMUSEUMS.ORG; OFFICE REFERRALS/CONSULTATIONS; MUSEUM REFERENCE LENDING LIBRARY CONTAINING MORE THAN 350 BOOKS; PROFESSIONAL INTEREST NETWORKS; ANNUAL AWARDS PROGRAM; JOB OPPORTUNITY POSTING; SCHOLARSHIPS; RESUME REVIEW; ONLINE MUSEUM DIRECTORY; MX NETWORKING EVENTS; CONFERENCE MENTOR PROGRAM; DISCOUNT PROGRAMS; GRANT PROPOSAL REVIEW; DISASTER RESPONSE TEAM; ADVOCACY; AND SERVICE AS A LIAISON TO PROFESSIONAL ASSOCIATIONS AND REPRESENTATION REGARDING ISSUES OF CONCERN TO THE OKLAHOMA MUSEUM COMMUNITY.

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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 $230,574

Program Service Revenue $108,851

Investment Income $3,808

Other Revenue $5,330

TOTAL REVENUE $348,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $177,083

Fundraising Expenses $12,945

Program Expenses $314,529

Other Expenses $196,151

TOTAL EXPENSES $373,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$348,563	$388,082	-0.1%
Expenses	$373,234	$401,914	-0.1%
Net Income	$-24,671	$-13,832	+0.8%

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

109

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

$84,100

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA GRANGER	EXEC DIRECTO	40.00	Officer	$61,532	$22,568	$84,100
BILL BRYANS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BUCHANAN	DIRECTOR	1.00	Director	$0	$0	$0
KEN BUSBY	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAUREN DAUGHETY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ELLWANGER	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
JASON HARRIS	TREASURER	1.00	Officer Director	$0	$0	$0
JAMES PEPPER HENRY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN HOCH	DIRECTOR	1.00	Director	$0	$0	$0
LINA HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
JACOB KRUMWIEDE	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN POTTER	DIRECTOR	1.00	Director	$0	$0	$0
TONYA RICKS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BRENT SMITH	DIRECTOR	1.00	Director	$0	$0	$0
GENA TIMBERMAN	DIRECTOR	1.00	Director	$0	$0	$0
D'LESE TRAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DELAYNNA TRIM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
VALORIE WALTERS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES HOLDEN WREN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$348,563	$373,234	$317,184	$-24,671
2023	$388,082	$401,914	$333,020	$-13,832
2022	$303,004	$258,843	$341,883	$44,161
2021	$263,415	$207,093	$302,934	$56,322
2020	$294,992	$276,757	$271,934	$18,235
2019	$280,602	$264,533	$227,659	$16,069