SEATTLE ART MUSEUM

EIN: 910640788 501(c)(3) Arts, Culture & Humanities

SEATTLE, WA

Total Revenue
$38,334,278
Total Expenses
$44,443,243
Total Assets
$403,450,549
Net Assets
$378,772,458
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1917
Legal Domicile
WA
Principal Officer
SCOTT STULEN
Phone
2066543210
Tax Period
2024-07-01 to 2025-06-30

SEATTLE ART MUSEUM, founded in 1917, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $38.3M in total revenue in fiscal year 2024. Expenses of $44.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

FOUNDED IN 1917, THE SEATTLE ART MUSEUM (SAM) CONNECTS ART TO LIFE. AS THE LEADING VISUAL ART INSTITUTION IN THE PACIFIC NORTHWEST, SAM DRAWS ON ITS GLOBAL COLLECTIONS, POWERFUL SPECIAL EXHIBITIONS, NUMEROUS INSTALLATIONS, AND DYNAMIC PROGRAMS TO FULFILL ITS IMPORTANT ROLE AS A CULTURAL AND EDUCATIONAL RESOURCE BENEFITTING THE SEATTLE REGION, THE PACIFIC NORTHWEST, AND BEYOND. FROM A STRONG FOUNDATION OF ASIAN ART TO NOTEWORTHY COLLECTIONS OF AFRICAN AND OCEANIC ART, NORTHWEST COAST NATIVE AMERICAN ART, EUROPEAN AND AMERICAN ART, AND MODERN AND CONTEMPORARY ART, THE STRENGTH OF SAM'S COLLECTION OF APPROXIMATELY 25,000 OBJECTS LIES IN ITS DIVERSITY OF MEDIA, CULTURES, AND TIME PERIODS. WITH THREE LOCATIONS (SEATTLE ART MUSEUM, OLYMPIC SCULPTURE PARK, SEATTLE ASIAN ART MUSEUM), SAM HARNESSES THE POWER OF ART TO ENRICH LIVES AND ENGAGE DIVERSE COMMUNITIES, INCLUDING HUNDREDS OF THOUSANDS OF VISITORS, AS WELL AS THOUSANDS OF SEATTLE-AREA STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $33,134,414 Revenue: $5,964,483

MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT...

Read more

MUSEUM SERVICES: PROVIDING A PUBLIC ART MUSEUM INCLUDING THE ACCESSION OF ART OBJECTS AS WELL AS PUBLIC ART EXHIBITIONS AND ART EDUCATION FOR THE GENERAL PUBLIC. MUSEUM PATRONS VISITED THIS YEAR AT THREE DIFFERENT SEATTLE LOCATIONS - THE SEATTLE ART MUSEUM, THE OLYMPIC SCULPTURE PARK AND THE ASIAN ART MUSEUM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,731,309
Program Service Revenue $5,387,496
Investment Income $11,564,115
Other Revenue $3,651,358
TOTAL REVENUE $38,334,278

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,708,038
Fundraising Expenses $3,447,072
Program Expenses $33,134,414
Other Expenses $23,351,440
TOTAL EXPENSES $44,443,243

Year-over-Year Comparison

2024 2023 Change
Revenue $38,334,278 $38,873,857 0.0%
Expenses $44,443,243 $41,616,349 +0.1%
Net Income $-6,108,965 $-2,742,492 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
62
Independent Members
62
Employees
487
Volunteers
297

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
15
$959,526
Total Directors
62
$0
Key Employees
3
$750,392
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE ROCHE PRESIDENT 1.00
Officer Director
$0 $0 $0
CARLA LEWIS PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
SCOTT MORRIS CHAIR 1.00
Officer Director
$0 $0 $0
CONSTANCE RICE PAST CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN BROTMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STEWART LANDEFELD VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JON SHIRLEY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
WINNIE STRATTON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES WRIGHT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BERT VALDMAN TREASURER 1.00
Officer Director
$0 $0 $0
MAGGIE WALKER SECRETARY 1.00
Officer Director
$0 $0 $0
MARGARET ALLISON TRUSTEE 1.00
Director
$0 $0 $0
RYAN ARAI TRUSTEE 1.00
Director
$0 $0 $0
CHERRY MCGEE BANKS TRUSTEE 1.00
Director
$0 $0 $0
WATSON BLAIR TRUSTEE 1.00
Director
$0 $0 $0
BRUCE BLUME TRUSTEE 1.00
Director
$0 $0 $0
CLIFF BURROWS TRUSTEE 1.00
Director
$0 $0 $0
LISA CAPUTO TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CONWAY TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CORLISS TRUSTEE 1.00
Director
$0 $0 $0
MARC COSENTINO TRUSTEE 1.00
Director
$0 $0 $0
JULI FARRIS TRUSTEE 1.00
Director
$0 $0 $0
JOHN FRANK TRUSTEE 1.00
Director
$0 $0 $0
LISA GOODMAN TRUSTEE 1.00
Director
$0 $0 $0
MARI HORITA TRUSTEE 1.00
Director
$0 $0 $0
FELIX HUANG TRUSTEE 1.00
Director
$0 $0 $0
FALONA JOY TRUSTEE 1.00
Director
$0 $0 $0
ROBERT KAPLAN TRUSTEE 1.00
Director
$0 $0 $0
BETH KETCHAM TRUSTEE 1.00
Director
$0 $0 $0
JANET KETCHAM TRUSTEE 1.00
Director
$0 $0 $0
SYLVIA KETCHAM TRUSTEE 1.00
Director
$0 $0 $0
SO YOUNG KWON TRUSTEE 1.00
Director
$0 $0 $0
NAJMA LALJI TRUSTEE 1.00
Director
$0 $0 $0
FLORA LING TRUSTEE 1.00
Director
$0 $0 $0
BARBARA MALONE TRUSTEE 1.00
Director
$0 $0 $0
MAREN MONSEN TRUSTEE 1.00
Director
$0 $0 $0
CHARLES NOLAN TRUSTEE 1.00
Director
$0 $0 $0
LINDA NORDSTROM TRUSTEE 1.00
Director
$0 $0 $0
SALLY NORDSTROM TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL PARHAM TRUSTEE 1.00
Director
$0 $0 $0
HWA PARK TRUSTEE 1.00
Director
$0 $0 $0
SANJAY PARTHASARATHY TRUSTEE 1.00
Director
$0 $0 $0
EDUARDO PENALVER TRUSTEE 1.00
Director
$0 $0 $0
DAVID A PEREZ TRUSTEE 1.00
Director
$0 $0 $0
STEVE PHELPS TRUSTEE 1.00
Director
$0 $0 $0
MALA RAMAN TRUSTEE 1.00
Director
$0 $0 $0
YUCCA RIESCHEL TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
LEE ROLFE TRUSTEE 1.00
Director
$0 $0 $0
FAYE SARKOWSKY TRUSTEE 1.00
Director
$0 $0 $0
STAN SAVAGE TRUSTEE 1.00
Director
$0 $0 $0
ROBERTA SHERMAN TRUSTEE 1.00
Director
$0 $0 $0
KIM RICHTER SHIRLEY TRUSTEE 1.00
Director
$0 $0 $0
MARY SNAPP TRUSTEE 1.00
Director
$0 $0 $0
ROBERT STRONG TRUSTEE 1.00
Director
$0 $0 $0
INA TATEUCHI TRUSTEE 1.00
Director
$0 $0 $0
LYNN THOMSEN TRUSTEE 1.00
Director
$0 $0 $0
BRANDON VAUGHAN TRUSTEE 1.00
Director
$0 $0 $0
MANDIRA VIRMANI TRUSTEE 1.00
Director
$0 $0 $0
HUONG VU TRUSTEE 1.00
Director
$0 $0 $0
LISA WAHBE TRUSTEE 1.00
Director
$0 $0 $0
BRIAN WINEKE TRUSTEE 1.00
Director
$0 $0 $0
JEFFREY DRAEGER ILL BALL NORDSTROM DIR. THRU 08/24 30.00
Officer
$272,092 $9,011 $281,103
CYNTHIA BOLTON CHIEF FINANCIAL OFFICER 40.00
Officer
$234,458 $15,809 $250,267
SCOTT STULEN ILLSLEY BALL NORDSTROM DIRECTOR 30.00
Officer
$217,916 $234 $218,150
KIMBERLY HART ILL BALL NORDSTROM DIR. THRU 08/24 30.00
Officer
$203,731 $6,275 $210,006
CHRIS LANDMAN CHIEF DEVELOPMENT OFFICER 30.00
Key Emp
$271,575 $16,779 $288,354
JOSE DIAZ DEPUTY DIRECTOR OF ART 40.00
Key Emp
$245,217 $15,743 $260,960
ANITA SHAH CHIEF OPERATING OFFICER 40.00
Key Emp
$200,692 $386 $201,078
MIKHAEL MEI WILLIAMS CHIEF MARKETING OFFICER 40.00
Highest
$185,556 $13,784 $199,340
NICHOLAS DORMAN CHIEF CONSERVATOR 40.00
Highest
$172,160 $13,603 $185,763
CRAIG BIG EAGLE DIRECTOR OF TECHNOLOGY 40.00
Highest
$149,409 $11,936 $161,345
JASON PORTER DIRECTOR OF EDUCATION 40.00
Highest
$140,236 $12,329 $152,565
REGINA FORD DIRECTOR OF HUMAN RESOURCES 40.00
Highest
$134,235 $2,452 $136,687
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 $38,334,278 $44,443,243 $403,450,549 $-6,108,965
2024 $38,873,857 $41,616,349 $414,023,960 $-2,742,492
2023 $29,985,574 $37,143,988 $418,444,913 $-7,158,414
2022 $67,181,210 $55,546,110 $381,105,952 $11,635,100
2021 $33,858,158 $26,498,531 $402,999,024 $7,359,627
2020 $41,617,097 $37,276,366 $355,978,957 $4,340,731
2019 $33,298,935 $34,023,591 $350,276,490 $-724,656
2018 $55,154,902 $34,242,056 $339,844,602 $20,912,846
Explore More Nonprofits
→Top 100 Nonprofits in Washington →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SEATTLE ART MUSEUM with other nonprofits in Washington and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.