Texas Association of Museums (EIN 741896510) - 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

1975

Legal Domicile

Phone

8173321177

Tax Period

2023-01-01 to 2023-12-31

Texas Association of Museums, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $352K in total revenue in fiscal year 2023. Expenses of $315K left a modest 10% surplus.

Mission

To strengthen the Texas museum community by collaborations, professional development and advocacy

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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 $4,077

Program Service Revenue $343,886

Investment Income $79

Other Revenue $4,157

TOTAL REVENUE $352,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,431

Fundraising Expenses $0

Program Expenses $279,084

Other Expenses $235,909

TOTAL EXPENSES $315,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,199	$337,370	+0.0%
Expenses	$315,340	$496,815	-0.4%
Net Income	$36,859	$-159,445	-1.2%

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

$73,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Fortescue	President	2	Officer Director	$0	$0	$0
Emily Wilkinson	Vice-President for Program	2	Officer Director	$0	$0	$0
Michelle Everidge	Vice-President for Development	2	Officer Director	$0	$0	$0
Rebecca Bridges	Vice-President for Special Projects	2	Officer Director	$0	$0	$0
Desmond Bertrand-Pitts	Treasurer	2	Officer Director	$0	$0	$0
Daniel Carey-Whalen	Secretary	2	Officer Director	$0	$0	$0
Kheli Willetts	Vice President of IDEA	2	Officer Director	$0	$0	$0
Margaret Koch	Past President	2	Officer Director	$0	$0	$0
Kendal Smith Lake	Councilor-at-Large	2	Director	$0	$0	$0
Carl G Hamm	Councilor-at-Large	2	Director	$0	$0	$0
Kim Mahan	Councilor-at-Large	2	Director	$0	$0	$0
Jake Mangum	Vice-President for Special Projects	2	Officer Director	$0	$0	$0
Charlie Walter	Treasurer	2	Officer Director	$0	$0	$0
Chris Dyer	Past President	2	Officer Director	$0	$0	$0
Ami Kamara	Councilor-at-Large	2	Director	$0	$0	$0
MLou Taylor Hyttinen	Councilor-at-Large	2	Director	$0	$0	$0
Rebecca Tucker Nall	Councilor-at-Large	2	Director	$0	$0	$0
Aubrey Nielsen	Councilor-at-Large	2	Director	$0	$0	$0
Brittany Petrilli	Executive Director	40	Officer	$73,000	$0	$73,000

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	$352,199	$315,340	$107,708	$36,859
2022	$337,370	$496,815	$193,758	$-159,445
2021	$181,466	$482,765	$275,800	$-301,299
2020	$653,618	$233,563	$564,311	$420,055
2019	$235,773	$426,757	$113,492	$-190,984
2018	$310,950	$612,162	$286,621	$-301,212

Texas Association of Museums