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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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

TO PROMOTE AND CULTIVATE THE FINE ARTS.

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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 $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
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Financial Health Indicators

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Liquidity & Cash Position

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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
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