BOISE ART MUSEUM INC (EIN 820256187) - 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

1937

Legal Domicile

Principal Officer

MELANIE FALES

Phone

2083458330

Tax Period

2024-05-01 to 2025-04-30

BOISE ART MUSEUM INC, founded in 1937, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Net assets of $5.5M represent 41 months of operating reserves.

Mission

TO CREATE VISUAL ARTS EXPERIENCES THAT ENGAGE PEOPLE AND INSPIRE LEARNING.

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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 $662,392

Program Service Revenue $200,105

Investment Income $312,762

Other Revenue $450,808

TOTAL REVENUE $1,626,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,045,853

Fundraising Expenses $174,609

Program Expenses $1,185,245

Other Expenses $581,003

TOTAL EXPENSES $1,626,856

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,626,067	$2,025,957	-0.2%
Expenses	$1,626,856	$1,842,796	-0.1%
Net Income	$-789	$183,161	-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

Volunteers

175

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

$214,324

Total Directors

$214,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA BAYLIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHLEEN KEYS	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
CHAD WELTZIN	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
AMY RUSTAD	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM BRANDSTETTER	TREASURER	2.00	Officer Director	$0	$0	$0
MELANIE FALES	EXECUTIVE DIRECTOR/CEO	40.00	Officer Director	$199,375	$14,949	$214,324
CATHY SILAK	TRUSTEE	1.00	Director	$0	$0	$0
TOM FOERSTEL	TRUSTEE	1.00	Director	$0	$0	$0
JEREMIAH SHINN	TRUSTEE	1.00	Director	$0	$0	$0
SHARON MILLER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTY WEYHRICH	TRUSTEE	1.00	Director	$0	$0	$0
LAURA SIMIC	TRUSTEE	1.00	Director	$0	$0	$0
AMY GOODMAN	TRUSTEE	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	$1,626,067	$1,626,856	$6,201,006	$-789
2024	$2,025,957	$1,842,796	$6,129,186	$183,161
2023	$1,776,534	$1,446,978	$5,792,362	$329,556
2022	$1,848,103	$1,080,915	$4,916,476	$767,188
2021	$1,351,396	$1,108,810	$4,551,935	$242,586
2020	$1,423,715	$1,358,595	$3,681,223	$65,120
2019	$1,901,395	$1,320,561	$3,657,885	$580,834

BOISE ART MUSEUM INC