San Jose Museum of Quilts & Textiles (EIN 770123939) - 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

1977

Legal Domicile

Principal Officer

Kris Jensen

Phone

4083848382

Tax Period

2024-07-01 to 2025-06-30

San Jose Museum of Quilts & Textiles, founded in 1977, is a small nonprofit in the Arts, Culture & Humanities sector that reported $384K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $677K exceeded revenue, resulting in a 76% operating deficit.

Mission

The mission of the San Jose Museum of Quilts & Textiles is to preserve, celebrate, and promote knowledge about quilts and textiles, their creation, their beauty, and their relationship to human culture and expression.

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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 $334,840

Program Service Revenue $31,410

Investment Income $998

Other Revenue $17,180

TOTAL REVENUE $384,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $300,538

Fundraising Expenses $122,508

Program Expenses $415,103

Other Expenses $346,298

TOTAL EXPENSES $676,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$384,428	$728,370	-0.5%
Expenses	$676,923	$817,424	-0.2%
Net Income	$-292,495	$-89,054	+2.3%

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

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

$145,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kris Jensen	Museum Director	60.00	Officer	$127,015	$18,000	$145,015
Melissa Leventon	Chair	3.00	Officer Director	$0	$0	$0
Paula Kienert	Vice Chair	1.00	Officer Director	$0	$0	$0
Mai-Chi Vu	Secretary	0.50	Officer Director	$0	$0	$0
Pamela Armstrong	Treasurer	1.00	Officer Director	$0	$0	$0
Erin Algeo	Director	1.00	Director	$0	$0	$0
Emily Frankel	Director	0.50	Director	$0	$0	$0
Greg Climer	Director	1.00	Director	$0	$0	$0
Jennifer Mineer	Director	1.00	Director	$0	$0	$0
Laurie Yoon	Director	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	$384,428	$676,923	$3,017,976	$-292,495
2024	$728,370	$817,424	$3,348,885	$-89,054
2023	$640,680	$806,385	$3,349,223	$-165,705
2022	$749,275	$889,653	$3,500,426	$-140,378
2021	$614,119	$776,434	$3,748,993	$-162,315
2020	$774,616	$782,503	$3,857,466	$-7,887
2019	$800,634	$770,595	$3,880,316	$30,039
2018	$548,652	$666,678	$3,836,998	$-118,026

San Jose Museum of Quilts & Textiles