Art Museum of Southeast Texas (EIN 746060650) - 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

Tax Period

2023-10-01 to 2024-09-30

Art Museum of Southeast Texas is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

Through unique collections, exhibitions, public programs and outreach in the visual arts, the mission of the Art Museum of Southeast Texas is to provide education, inspiration and creative visions throughout Southeast Texas.

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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 $677,462

Program Service Revenue $79,131

Investment Income $210,320

Other Revenue $298,869

TOTAL REVENUE $1,265,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $627,209

Fundraising Expenses $7,743

Program Expenses $550,896

Other Expenses $559,111

TOTAL EXPENSES $1,186,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,265,782	$953,624	+0.3%
Expenses	$1,186,320	$1,085,458	+0.1%
Net Income	$79,462	$-131,834	-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

Volunteers

250

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

$82,108

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Castle	Executive Dir.	45.00	Officer	$82,108	$0	$82,108
Albert Nolen	Trustee	0.25	Director	$0	$0	$0
Brandon Williams	Trustee	0.25	Director	$0	$0	$0
Bobbie Applegate	Vice President	1.00	Officer Director	$0	$0	$0
Karen Babineaux	Trustee	0.25	Director	$0	$0	$0
GR Chase Jr	Trustee	0.25	Director	$0	$0	$0
W Seth Crone Jr	Treasurer	0.25	Director	$0	$0	$0
Kathe Hendricks	Trustee	0.25	Director	$0	$0	$0
Heather Crenshaw Petkovsek	Trustee	0.25	Director	$0	$0	$0
Camille Harrell Ohmstede	Trustee	1.00	Officer Director	$0	$0	$0
Jan Fulbright	Trustee	0.00	Director	$0	$0	$0
AJ Turner	Trustee	0.25	Director	$0	$0	$0
John Pat Parsons Jr	President	1.00	Officer Director	$0	$0	$0
Charlotte Foutz Rogers	Trustee	0.25	Director	$0	$0	$0
Marcia Stevens	Secretary	1.00	Officer Director	$0	$0	$0
Louise Huber	Trustee	0.00	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	$1,265,782	$1,186,320	$9,666,300	$79,462
2023	$953,624	$1,085,458	$8,989,389	$-131,834
2022	$1,080,089	$1,103,047	$8,826,448	$-22,958
2021	$1,551,806	$1,030,623	$9,723,118	$521,183
2020	$1,212,084	$965,466	$9,076,521	$246,618
2019	$1,041,015	$1,071,742	$8,671,498	$-30,727
2018	$1,252,021	$1,019,913	$8,724,196	$232,108

Art Museum of Southeast Texas