THE MUSEUM OF RUSSIAN ART

EIN: 753044344 501(c)(3) Arts, Culture & Humanities

MINNEAPOLIS, MN

Total Revenue
$1,801,280
Total Expenses
$1,843,685
Total Assets
$8,443,070
Net Assets
$8,136,239
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
MARK J MEISTER
Phone
6128219045
Tax Period
2024-01-01 to 2024-12-31

THE MUSEUM OF RUSSIAN ART, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Net assets of $8.1M represent 54 months of operating reserves.

Mission

THE MUSEUM OF RUSSIAN ART COLLECTS, PRESERVES, EXHIBITS, AND ILLUMINATES THE RICH ARTISTIC TAPESTRY OF RUSSIA, PAST AND PRESENT, THROUGH OUTSTANDING EXHIBITIONS AND PUBLIC PROGRAMS FOR ALL AUDIENCES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,108,610
Program Service Revenue $264,762
Investment Income $36,249
Other Revenue $391,659
TOTAL REVENUE $1,801,280

Expense Breakdown

Grants Paid $0
Salaries & Benefits $901,434
Fundraising Expenses $251,810
Program Expenses $1,470,797
Other Expenses $942,251
TOTAL EXPENSES $1,843,685

Year-over-Year Comparison

2024 2023 Change
Revenue $1,801,280 $1,715,551 +0.0%
Expenses $1,843,685 $1,627,046 +0.1%
Net Income $-42,405 $88,505 -1.5%
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

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Governance

Voting Members
19
Independent Members
19
Employees
17
Volunteers
75

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
5
$259,276
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK RITCHIE CHAIR 2.00
Officer Director
$0 $0 $0
FIROU MOSTASHARI TRUSTEE 2.00
Director
$0 $0 $0
GWENN DJUPEDAL TRUSTEE 2.00
Director
$0 $0 $0
JAMES MILLER TRUSTEE 2.00
Director
$0 $0 $0
JAN DEL CALZO TRUSTEE 2.00
Director
$0 $0 $0
KATHY BRACKEN SECRETARY 2.00
Officer Director
$0 $0 $0
LIZ PETRANGELO TRUSTEE 2.00
Director
$0 $0 $0
MARK DOWNEY TREASURER 2.00
Officer Director
$0 $0 $0
NORLIN BOYUM TRUSTEE 2.00
Director
$0 $0 $0
PER HONG TRUSTEE 2.00
Director
$0 $0 $0
ROMA CALAYATUD-STOCKS TRUSTEE 2.00
Director
$0 $0 $0
SEAN KALAFUT TRUSTEE 2.00
Director
$0 $0 $0
STEVE MAURER VICE CHAIR 2.00
Director
$0 $0 $0
LUDMILA BORISNOVA EKLUND TRUSTEE 2.00
Director
$0 $0 $0
KELLEY LINDQUIST TRUSTEE 2.00
Director
$0 $0 $0
C BEN WRIGHT TRUSTEE 2.00
Director
$0 $0 $0
BRIANA CLARK TRUSTEE 2.00
Director
$0 $0 $0
MARLENA MYLES TRUSTEE 2.00
Director
$0 $0 $0
LINDA SHELTON TRUSTEE 2.00
Director
$0 $0 $0
MARK MEISTER PRESIDENT 40.00
Officer
$151,971 $483 $152,454
MICHELLE MASSEY DIR OF PUBLIC PROGRAMS & MARKETING 40.00
Officer
$100,975 $5,847 $106,822
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 $1,801,280 $1,843,685 $8,443,070 $-42,405
2023 $1,715,551 $1,627,046 $8,626,103 $88,505
2022 $4,982,078 $1,432,313 $8,388,556 $3,549,765
2021 $1,591,928 $1,294,263 $4,775,253 $297,665
2020 $2,095,024 $1,122,463 $5,847,264 $972,561
2019 $1,025,852 $1,175,093 $4,796,655 $-149,241
2018 $982,775 $1,200,228 $4,877,720 $-217,453
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