Nevada Museum of Art (EIN 886003042) - 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

1983

Legal Domicile

Principal Officer

David Walker

Phone

7753293333

Tax Period

2023-01-01 to 2023-12-31

Nevada Museum of Art, founded in 1983, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $19.1M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.1M, a strong 58% operating margin.

Mission

To serve as a cultural and educational resource for every member of the community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $15,893,993

Program Service Revenue $1,298,809

Investment Income $1,327,496

Other Revenue $605,804

TOTAL REVENUE $19,126,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,503,941

Fundraising Expenses $1,499,655

Program Expenses $5,336,325

Other Expenses $3,542,268

TOTAL EXPENSES $8,046,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,126,102	$13,983,234	+0.4%
Expenses	$8,046,209	$8,357,919	0.0%
Net Income	$11,079,893	$5,625,315	+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

115

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

$885,427

Total Directors

$489,098

Key Employees

$180,956

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Walker	CEO/Executive Director	40.00	Officer Director	$407,001	$82,097	$489,098
Doug Brewer	Chair	2.00	Officer Director	$0	$0	$0
Thomas Monroe	Treasurer	2.00	Officer Director	$0	$0	$0
Charlotte McConnell	Secretary	2.00	Officer Director	$0	$0	$0
Barbara Danz	Chair Elect	2.00	Officer Director	$0	$0	$0
Carole K Anderson	Trustee	1.00	Director	$0	$0	$0
Kathie Bartlett	Trustee	1.00	Director	$0	$0	$0
Donald A Bernard	Trustee	1.00	Director	$0	$0	$0
Anne Brockinton Lee	Trustee	1.00	Director	$0	$0	$0
David Collins	Trustee	1.00	Director	$0	$0	$0
John Cunha	Trustee	1.00	Director	$0	$0	$0
Tammy Dermody	Trustee	1.00	Director	$0	$0	$0
Nancy Fennell	Trustee	1.00	Director	$0	$0	$0
Alfred Giuffrida	Trustee	1.00	Director	$0	$0	$0
Jennifer Hargis	Trustee (Jan-Oct)	1.00	Director	$0	$0	$0
Jeremy Higginbotham	Trustee	1.00	Director	$0	$0	$0
Jackie Kane	Trustee	1.00	Director	$0	$0	$0
Jennifer Laity	Trustee	1.00	Director	$0	$0	$0
Alan Maiss	Trustee	1.00	Director	$0	$0	$0
Stacie Mathewson	Trustee	1.00	Director	$0	$0	$0
Yvonne Murphy	Trustee	1.00	Director	$0	$0	$0
George Ogilvie	Trustee (Jan-Nov)	1.00	Director	$0	$0	$0
Peter E Pool	Trustee	1.00	Director	$0	$0	$0
Wayne Prim	Trustee	1.00	Director	$0	$0	$0
Barry Skolnick	Trustee (Jan-Sept)	1.00	Director	$0	$0	$0
Roswitha Kima Smale	Trustee	1.00	Director	$0	$0	$0
Kaya Stanley	Trustee (Jan-Apr)	1.00	Director	$0	$0	$0
Garrett Sutton	Trustee (Jan-Jul)	1.00	Director	$0	$0	$0
Julie Teel	Trustee	1.00	Director	$0	$0	$0
Henry Thumann	Trustee	1.00	Director	$0	$0	$0
Amy Oppio	COO/Deputy Director	40.00	Officer	$171,684	$39,231	$210,915
Mary Solorzano	Director of Finance	40.00	Officer	$134,160	$51,254	$185,414
Ann Wolfe Chief	Curator and Assoc Director	40.00	Key Emp	$155,165	$25,791	$180,956
Apsara DiQuinzio Senior	Curator of Contemporary Art	40.00	Highest	$128,983	$20,123	$149,106
Chelsey Lundin Dir Of HR	Volunteer and Visitor Services	40.00	Highest	$118,801	$14,134	$132,935
Claire Munoz VP of Museum	Advancement & Deputy Director	40.00	Highest	$117,898	$19,404	$137,302
Nisha Hallert	VP of Facilities	40.00	Highest	$102,428	$30,419	$132,847

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	No data	No data	No data	No data
2023	$19,126,102	$8,046,209	$83,845,059	$11,079,893
2022	$13,983,234	$8,357,919	$70,321,781	$5,625,315
2021	$23,939,678	$8,074,605	$65,871,084	$15,865,073
2020	$8,738,364	$10,899,482	$50,388,719	$-2,161,118
2019	$18,925,654	$8,881,331	$50,706,682	$10,044,323
2018	$8,373,120	$7,391,502	$50,946,399	$981,618

Nevada Museum of Art