FORT WORTH ART ASSOCIATION

EIN: 751107061 501(c)(3) Arts, Culture & Humanities

FORT WORTH, TX

Total Revenue
$18,897,893
Total Expenses
$21,835,564
Total Assets
$95,209,484
Net Assets
$94,751,411
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
TX
Principal Officer
RAFAEL GARZA
Phone
8177389215
Tax Period
2023-07-01 to 2024-06-30

FORT WORTH ART ASSOCIATION, founded in 1961, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $18.9M in total revenue in fiscal year 2023. Expenses of $21.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE FORT WORTH ART ASSOCATION, A TEXAS NON-PROFIT CORPORATION, WAS ESTABLISHED TO ACQUIRE A COLLECTION OF WORKS OF MODERN ART OF THE HIGHEST QUALITY AND TO PROMULGATE AND MAINTAIN A PROGRAM OF ART ACTIVITIES AND ART EDUCATION IN FORT WORTH, TEXAS, FOR PUBLIC USE AND BENEFIT. THE ASSOCIATION STRIVES TO PROVIDE EDUCATIONAL ENJOYMENT IN MODERN ART, TO PRESERVE THE ART HOLDINGS OF THE ASSOCIATION AND TO CREATE PUBLIC APPRECIATION FOR SUCH ART BY ITS APPROPRIATE DISPLAY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,248,242
Program Service Revenue $486,349
Investment Income $8,694,555
Other Revenue $468,747
TOTAL REVENUE $18,897,893

Expense Breakdown

Grants Paid $4,420,000
Salaries & Benefits $7,451,322
Fundraising Expenses $0
Program Expenses $16,492,762
Other Expenses $9,964,242
TOTAL EXPENSES $21,835,564

Year-over-Year Comparison

2023 2022 Change
Revenue $18,897,893 $18,502,934 +0.0%
Expenses $21,835,564 $16,568,233 +0.3%
Net Income $-2,937,671 $1,934,701 -2.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
69
Independent Members
66
Employees
131
Volunteers
74

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
4
$0
Total Directors
66
$0
Key Employees
3
$1,255,831
Highest Compensated
8
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARSLAND MONCRIEF CHAIRMAN OF THE BOARD 0.10
Officer Director
$0 $0 $0
RAFAEL GARZA PRESIDENT 0.10
Officer Director
$0 $0 $0
POLLARD ROGERS SECRETARY 0.10
Officer Director
$0 $0 $0
MARCUS SNYDER TREASURER 0.10
Officer Director
$0 $0 $0
LEE M BASS EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
CORNELIA BLAKE EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
MICHELLE BLAIR EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
ANNE MARIE BRATTON EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
KIM DARDEN EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
ASAD DEAN EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
MARSHA KLEINHEINZ EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
PAMELA CORBETT MURRIN EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
BLAINE SMITH EXECUTIVE COMMITTEE 0.10
Director
$0 $0 $0
SUSANNA GORSKI BARTOLOMEI DIRECTOR 0.10
Director
$0 $0 $0
MEGAN BOSCHINI DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL CORMAN DIRECTOR 0.10
Director
$0 $0 $0
KATHLEEN HICKS DIRECTOR 0.10
Director
$0 $0 $0
JULIE KLEBERG DIRECTOR 0.10
Director
$0 $0 $0
STACIE MCDAVID DIRECTOR 0.10
Director
$0 $0 $0
KAYDEE BAILEY DIRECTOR 0.10
Director
$0 $0 $0
ANDREW BLAKE DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL BORNITZ DIRECTOR 0.10
Director
$0 $0 $0
CARTER BOWDEN DIRECTOR 0.10
Director
$0 $0 $0
ROBIN BUMSTEAD DIRECTOR 0.10
Director
$0 $0 $0
J PATRICK COLLINS DIRECTOR 0.10
Director
$0 $0 $0
GEORGINA CONDREY DIRECTOR 0.10
Director
$0 $0 $0
GUNNIE CORBETT DIRECTOR 0.10
Director
$0 $0 $0
MITZI DAVIS DIRECTOR 0.10
Director
$0 $0 $0
AMES FENDER DIRECTOR 0.10
Director
$0 $0 $0
JOHN FORESTNER DIRECTOR 0.10
Director
$0 $0 $0
BETH GIDEON DIRECTOR 0.10
Director
$0 $0 $0
BOB GINSBURG DIRECTOR 0.10
Director
$0 $0 $0
GAIL GRANEK DIRECTOR 0.10
Director
$0 $0 $0
WINDI GRIMES DIRECTOR 0.10
Director
$0 $0 $0
HOWARD HALLAM DIRECTOR 0.10
Director
$0 $0 $0
JANIE HARPER DIRECTOR 0.10
Director
$0 $0 $0
RANDALL HUDSON DIRECTOR 0.10
Director
$0 $0 $0
GREG IBANEZ DIRECTOR 0.10
Director
$0 $0 $0
ALYCE JONES DIRECTOR 0.10
Director
$0 $0 $0
DANA KELLY DIRECTOR 0.10
Director
$0 $0 $0
RAYMOND B KELLY III DIRECTOR 0.10
Director
$0 $0 $0
SUZANNE LEVY DIRECTOR 0.10
Director
$0 $0 $0
MARY RALPH LOWE DIRECTOR 0.10
Director
$0 $0 $0
KIT MONCRIEF DIRECTOR 0.10
Director
$0 $0 $0
TERRY MONTESI DIRECTOR 0.10
Director
$0 $0 $0
JONATHAN MORRIS DIRECTOR 0.10
Director
$0 $0 $0
JONATHAN NEDRELOW DIRECTOR 0.10
Director
$0 $0 $0
GAIL RAWL DIRECTOR 0.10
Director
$0 $0 $0
ROZANNE ROSENTHAL DIRECTOR 0.10
Director
$0 $0 $0
ANN RYAN DIRECTOR 0.10
Director
$0 $0 $0
JAY SANDELIN DIRECTOR 0.10
Director
$0 $0 $0
STUART SCHULTZ DIRECTOR 0.10
Director
$0 $0 $0
AMAR TANNA DIRECTOR 0.10
Director
$0 $0 $0
LEE TENNISON DIRECTOR 0.10
Director
$0 $0 $0
MARK THISTLETHWAITE DIRECTOR 0.10
Director
$0 $0 $0
CARLA THOMPSON DIRECTOR 0.10
Director
$0 $0 $0
ALLISON WAGNER DIRECTOR 0.10
Director
$0 $0 $0
L CHARLES WEATHERBY JR DIRECTOR 0.10
Director
$0 $0 $0
MONK WHITE DIRECTOR 0.10
Director
$0 $0 $0
SUZY WILLIAMS DIRECTOR 0.10
Director
$0 $0 $0
KIMBELL WYNNE DIRECTOR 0.10
Director
$0 $0 $0
SALLY EHRHART DIRECTOR 0.10
Director
$0 $0 $0
KAY FORTSON DIRECTOR 0.10
Director
$0 $0 $0
CHARLENE MARSH DIRECTOR 0.10
Director
$0 $0 $0
JOE MINTON JR DIRECTOR 0.10
Director
$0 $0 $0
BRUCE PETTY DIRECTOR 0.10
Director
$0 $0 $0
MARLA PRICE MUSEUM DIRECTOR 35.00
Key Emp
$651,123 $31,386 $682,509
JO GARWOOD CHIEF FINANCIAL OFFICER 35.00
Key Emp
$324,642 $15,780 $340,422
ANDREA KARNES CHIEF CURATOR 35.00
Key Emp
$209,207 $23,693 $232,900
SCOTT GRANT FACILITIES MANAGER 40.00
Highest
$119,284 $13,820 $133,104
MARTINE GORSKI FILM / MUSIC MANAGER 35.00
Highest
$103,949 $15,154 $119,103
TERRI THORNTON CURATOR OF EDUCATION 35.00
Highest
$105,526 $6,209 $111,735
BRENT DWANE MITCHELL HEAD OF EXHIBITION / COLLECTION 35.00
Highest
$111,678 $16,056 $127,734
KENDAL SMITH LAKE DIRECTOR OF MARKETING 35.00
Highest
$107,356 $15,454 $122,810
ANTHONY WRIGHT HEAD OF DESIGN / INSTALLATION 40.00
Highest
$115,079 $15,500 $130,579
ANGELA MICHELLE TUCKER DIRECTOR OF HUMAN RESOURCES 35.00
Highest
$127,500 $7,837 $135,337
PLEZ TRANSOU DIRECTOR OF SECURITY 35.00
Highest
$129,996 $8,565 $138,561
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 $18,897,893 $21,835,564 $95,209,484 $-2,937,671
2023 $18,502,934 $16,568,233 $75,329,173 $1,934,701
2023 $18,502,934 $16,568,233 $75,329,173 $1,934,701
2022 $16,694,058 $12,461,931 $70,573,501 $4,232,127
2021 $13,445,540 $16,418,400 $74,548,563 $-2,972,860
2020 $12,567,732 $13,201,287 $67,212,239 $-633,555
2019 $17,611,446 $16,330,306 $69,938,447 $1,281,140
2018 $14,138,543 $14,078,719 $66,511,819 $59,824
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FORT WORTH ART ASSOCIATION with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.