SHEMER ART CENTER & MUSEUM ASSOC INC (EIN 742440322) - 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

1984

Legal Domicile

Principal Officer

SHONNA JAMES

Phone

6022624727

Tax Period

2023-01-01 to 2023-12-31

SHEMER ART CENTER & MUSEUM ASSOC INC, founded in 1984, is a small nonprofit in the Arts, Culture & Humanities sector that reported $698K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 26% operating margin.

Mission

THE SHEMER ART CENTER OFFERS A UNIQUE SETTING IN WHICH MEMBERS AND VISITORS CAN LEARN ABOUT AND ENJOY VISUAL ART THROUGH CLASSES, WORKSHOPS, LECTURES, EXHIBITIONS AND EVENTS. ITS MISSION IS TO SUPPORT AND SHOWCASE ARIZONA ARTISTS

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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 $258,600

Program Service Revenue $315,391

Investment Income $15,651

Other Revenue $108,440

TOTAL REVENUE $698,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $217,647

Fundraising Expenses $125,507

Program Expenses $262,076

Other Expenses $301,097

TOTAL EXPENSES $518,744

Year-over-Year Comparison

	2023	2022	Change
Revenue	$698,082	$433,765	+0.6%
Expenses	$518,744	$406,245	+0.3%
Net Income	$179,338	$27,520	+5.5%

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

421

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
SHONNA JAMES	EXECUTIVE DIRECTOR	40.00		$79,940	$5,330	$85,270
JAY JENNINGS	Director	2.00	Director	$0	$0	$0
MARY NEUBAUER	Director	2.00	Director	$0	$0	$0
TODD FELTUS	BOARD COUNSEL	2.00	Director	$0	$0	$0
JANA WELDON	Director	2.00	Director	$0	$0	$0
BRETT BENTON	Director	2.00	Director	$0	$0	$0
CHRIS ORKILD	Chairman/TREAS	2.00	Officer	$0	$0	$0
GLORIA ARGUESO	Secretary	2.00	Officer	$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	$698,082	$518,744	$838,789	$179,338
2022	$433,765	$406,245	$659,059	$27,520
2021	$551,450	$374,266	$652,215	$177,184
2020	$665,704	$323,583	$563,225	$342,121
2019	$339,015	$340,977	$118,875	$-1,962
2018	$365,271	$311,137	$121,694	$54,134

SHEMER ART CENTER & MUSEUM ASSOC INC