BURKE MUSEUM ASSOCIATION

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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

2001

Legal Domicile

Principal Officer

KISHA XIOMARA PALMER

Phone

2065438465

Tax Period

2023-07-01 to 2024-06-30

BURKE MUSEUM ASSOCIATION, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $538K, a strong 21% operating margin.

Mission

THE ASSOCIATION SUPPORTS THE PROGRAM EFFORTS OF THE BURKE MUSEUM OF NATURAL HISTORY AND CULTURE, A WASHINGTON STATE MUSEUM. THE BURKE MUSEUM CREATES A BETTER UNDERSTANDING OF THE WORLD AND OUR PLACE IN IT. THE BURKE MUSEUM IS RESPONSIBLE FOR WASHINGTON STATE COLLECTIONS OF NATURAL AND CULTURAL HERITAGE AND SHARING THE KNOWLEDGE THAT MAKES THEM MEANINGFUL. THE BURKE MUSEUM WELCOMES A BROAD AND DIVERSE AUDIENCE AND PROVIDES A COMMUNITY GATHERING PLACE THAT NURTURES LIFE-LONG LEARNING AND ENCOURAGES RESPECT, RESPONSIBILITY AND REFLECTION.

Program Service Accomplishments

Program 1

Expenses: $1,266,314

RESEARCH AND COLLECTIONS, EXHIBITS, EDUCATION, TRIBAL RELATIONS, AND PUBLIC PROGRAMS.

Program 2

Expenses: $506,321 Revenue: $114,204

THE BURKE MUSEUM ASSOCIATION RAISED $367,000 THROUGH THE ANNUAL FUND AND AN ADDITIONAL $385,000 THROUGH THE SPRING FUNDRAISER. THESE FUNDS MADE IT POSSIBLE FOR THE BURKE MUSEUM TO DIVERSIFY ITS...

THE BURKE MUSEUM ASSOCIATION RAISED $367,000 THROUGH THE ANNUAL FUND AND AN ADDITIONAL $385,000 THROUGH THE SPRING FUNDRAISER. THESE FUNDS MADE IT POSSIBLE FOR THE BURKE MUSEUM TO DIVERSIFY ITS FINANCIAL SUPPORT. DURING THE YEAR THE MUSEUM SERVED 53,000 SCHOOL CHILDREN AROUND THE STATE, RECEIVED OVER 84,000 ON-SITE VISITORS, AND PROVIDED CURATION RESOURCES FOR 16 MILLION OBJECTS. THE BMA ALSO PROVIDED PARTIAL SUPPORT FOR RESEARCH AND EXHIBITIONS AND MANAGED THE MUSEUM GIFT STORE.

Program 3

Expenses: $20,000

NEW BURKE ENDOWMENT.

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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 $2,456,600

Program Service Revenue $0

Investment Income $85

Other Revenue $114,885

TOTAL REVENUE $2,571,570

Expense Breakdown

Grants Paid $1,646,181

Salaries & Benefits $0

Fundraising Expenses $64,142

Program Expenses $1,792,635

Other Expenses $387,332

TOTAL EXPENSES $2,033,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,571,570	$1,773,627	+0.4%
Expenses	$2,033,513	$1,753,804	+0.2%
Net Income	$538,057	$19,823	+26.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HUNTER JEFFERS	PRESIDENT	3.00	Officer Director	$0	$0	$0
TIFFANY CLARK	TREASURER	2.00	Officer Director	$0	$0	$0
HEATHER COLDWELL	SECRETARY	2.00	Officer Director	$0	$0	$0
ELLEN LOOK	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KISHA XIOMARA PALMER	CO-VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRITTANY BAKKAN	DIRECTOR	0.50	Director	$0	$0	$0
GERIANN BAPTISTA	DIRECTOR	0.50	Director	$0	$0	$0
LESTER BROWN	DIRECTOR	0.50	Director	$0	$0	$0
MIKE BRUEMMER	DIRECTOR	0.50	Director	$0	$0	$0
DWANE CHAPPELLE	DIRECTOR	0.50	Director	$0	$0	$0
ANNE DELANEY	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN FERGUSON	DIRECTOR	0.50	Director	$0	$0	$0
CEZANNE GARCIA	DIRECTOR	0.50	Director	$0	$0	$0
INDIRA GILLINGHAM	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN GUZAUSKAS	DIRECTOR	0.50	Director	$0	$0	$0
LESLIE KINCAID-LAWRENCE	DIRECTOR	0.50	Director	$0	$0	$0
JANINE LEDFORD	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN LUTTINEN	DIRECTOR	0.50	Director	$0	$0	$0
JOE MCKINSTRY	DIRECTOR	0.50	Director	$0	$0	$0
CONOR MYHRVOLD	DIRECTOR	0.50	Director	$0	$0	$0
DARCY PASCHINO	DIRECTOR	0.50	Director	$0	$0	$0
KRISTINA SUMNER	DIRECTOR	0.50	Director	$0	$0	$0
KIRSTEN TURNER	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN VAUTOUR	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$2,571,570	$2,033,513	$1,876,196	$538,057
2023	$1,773,627	$1,753,804	$1,349,741	$19,823
2022	$2,025,349	$2,370,293	$1,429,157	$-344,944
2021	$1,727,275	$10,528,187	$1,661,702	$-8,800,912
2020	$1,649,420	$2,263,077	$10,455,227	$-613,657
2020	$1,649,420	$2,263,077	$10,455,227	$-613,657
2019	$4,267,051	$2,946,060	$11,756,911	$1,320,991