FORT WORTH MODERN ART MUSEUM ASSOCIATION (EIN 752307639) - 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

1989

Legal Domicile

Principal Officer

ELIZABETH JANE STARR

Phone

8177389215

Tax Period

2024-07-01 to 2025-06-30

FORT WORTH MODERN ART MUSEUM ASSOCIATION, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $228K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $182K, a strong 80% operating margin.

Mission

THE FORT WORTH MODERN ART MUSEUM ASSOCIATION WAS ESTABLISHED TO SOLICIT AND RECEIVE DONATIONS FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FORT WORTH ART ASSOCIATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $150,000

Program Service Revenue $0

Investment Income $0

Other Revenue $78,422

TOTAL REVENUE $228,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $46,327

TOTAL EXPENSES $46,327

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,422	$4,420,000	-0.9%
Expenses	$46,327	$155,922	-0.7%
Net Income	$182,095	$4,264,078	-1.0%

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

N/A

Volunteers

N/A

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
KIM DARDEN	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
MARCUS SNYDER	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
MARSLAND MONCRIEF	CHAIRMAN OF THE BOARD	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	$228,422	$46,327	$4,942,856	$182,095
2024	$4,420,000	$155,922	$4,864,661	$4,264,078
2023	$90,000	$120,198	$478,629	$-30,198
2022	$105,000	$118,978	$507,827	$-13,978
2021	$117,000	$130,028	$521,805	$-13,028
2020	$95,000	$110,996	$534,833	$-15,996
2019	$120,000	$156,481	$550,829	$-36,481
2018	$80,000	$121,514	$588,310	$-41,514

FORT WORTH MODERN ART MUSEUM ASSOCIATION