GRACE MUSEUM INC

EIN: 756026849 501(c)(3) Arts, Culture & Humanities

ABILENE, TX

Total Revenue
$2,279,233
Total Expenses
$1,958,929
Total Assets
$9,623,465
Net Assets
$9,527,721
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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
1954
Legal Domicile
TX
Principal Officer
LON BIEBIGHAUSER
Phone
3256734587
Tax Period
2024-07-01 to 2025-06-30

GRACE MUSEUM INC, founded in 1954, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 14% surplus.

Mission

THE GRACE MUSEUM BUILDS MULTIFACETED CONNECTIONS THROUGH NEW EXPERIENCES IN AMERICAN FINE ART AND HISTORY WITHIN THE EVOLVING TEXAS STORY THROUGH EXHIBITIONS, PROGRAMS AND COLLECTIONS.

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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 $1,975,848
Program Service Revenue $91,167
Investment Income $408,907
Other Revenue $-196,689
TOTAL REVENUE $2,279,233

Expense Breakdown

Grants Paid $0
Salaries & Benefits $936,479
Fundraising Expenses $104,017
Program Expenses $1,698,920
Other Expenses $1,022,450
TOTAL EXPENSES $1,958,929

Year-over-Year Comparison

2024 2023 Change
Revenue $2,279,233 $1,362,081 +0.7%
Expenses $1,958,929 $1,825,446 +0.1%
Net Income $320,304 $-463,365 -1.7%
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
21
Independent Members
21
Employees
34
Volunteers
160

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
6
$199,684
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN BAILEY TRUSTEE 1.00
Director
$0 $0 $0
AMANDA BILES TRUSTEE 1.00
Director
$0 $0 $0
GRAY BRIDWELL TRUSTEE 1.00
Director
$0 $0 $0
CADE BROWNING TRUSTEE 1.00
Director
$0 $0 $0
JULIANNA HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
JULIE JOHNCOX TRUSTEE 1.00
Director
$0 $0 $0
JASMINE MCCABE-GOSSETT TRUSTEE 1.00
Director
$0 $0 $0
MISHI MATHUR TRUSTEE 1.00
Director
$0 $0 $0
PAT MCCLESKEY TRUSTEE 1.00
Director
$0 $0 $0
BOB NUTT TRUSTEE 1.00
Director
$0 $0 $0
AIDA PANTOJA TRUSTEE 1.00
Director
$0 $0 $0
ANDREW PENNS TRUSTEE 1.00
Director
$0 $0 $0
ANGIE ROBISON TRUSTEE 1.00
Director
$0 $0 $0
SALVADOR TORRES TRUSTEE 1.00
Director
$0 $0 $0
ROBERT TUCKER TRUSTEE 1.00
Director
$0 $0 $0
DONNA WALLS TRUSTEE 1.00
Director
$0 $0 $0
JAMES WISER TRUSTEE 1.00
Director
$0 $0 $0
YVONNE BATTS CHAIR 1.00
Officer Director
$0 $0 $0
KAY ALEXANDER PAST CHAIR 1.00
Officer Director
$0 $0 $0
LON BIEBIGHAUSER TREASURER 1.00
Officer Director
$0 $0 $0
JULEE HAMMER SECRETARY 1.00
Officer Director
$0 $0 $0
LAURA MOORE EXECUTIVE DIRECTOR 45.00
Officer
$113,269 $14,209 $127,478
VICKI BUTTS FINANCE DIRECTOR 40.00
Officer
$67,767 $4,439 $72,206
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 $2,279,233 $1,958,929 $9,623,465 $320,304
2024 $1,362,081 $1,825,446 $8,995,279 $-463,365
2023 $1,291,473 $1,817,491 $9,035,202 $-526,018
2022 $1,811,667 $1,546,735 $9,324,609 $264,932
2021 $1,767,504 $1,422,462 $10,072,290 $345,042
2020 $1,912,693 $1,555,646 $8,590,406 $357,047
2019 $1,853,467 $1,352,352 $8,481,732 $501,115
2018 $1,615,105 $1,377,116 $8,395,475 $237,989
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