BELLEVUE ART MUSEUM

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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

1975

Legal Domicile

Principal Officer

SHELLY CROCKER

Phone

2069207230

Tax Period

2024-01-01 to 2024-12-31

BELLEVUE ART MUSEUM, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE BELLEVUE ARTS MUSEUM INSPIRES AND ENLIGHTENS AUDIENCES SHOWCASING WORKS OF ART, CRAFT AND DESIGN

Program Service Accomplishments

Program 1

Expenses: $1,760,287

MUSEUM CREATED EXHIBITS OF ART OPEN TO THE PUBLIC AND PROVIDED OUTREACH PROGRAMS

Program 2

ADVANCED ARTS AND CRAFTS THRU A JURIED ART FAIR FEATURING WITH THREE DAY FREE PUBLIC FAIR OFFERING COMMUNITY PROGRAMS

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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 $1,557,880

Program Service Revenue $0

Investment Income $132,217

Other Revenue $-40,008

TOTAL REVENUE $1,650,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,103,175

Fundraising Expenses $268,995

Program Expenses $1,760,287

Other Expenses $1,195,105

TOTAL EXPENSES $2,298,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,650,089	$2,159,155	-0.2%
Expenses	$2,298,280	$3,189,396	-0.3%
Net Income	$-648,191	$-1,030,241	-0.4%

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

350

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
KATE SCHER	EXECUTIVE DIRECTOR	30.00		$97,923	$0	$97,923

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	$1,650,089	$2,298,280	$17,600,645	$-648,191
2023	$2,159,155	$3,189,396	$18,636,436	$-1,030,241
2022	$2,109,529	$2,918,500	$19,284,902	$-808,971
2021	$2,226,948	$2,693,291	$20,455,455	$-466,343
2020	$2,297,469	$2,689,492	$20,655,368	$-392,023
2019	$2,258,873	$2,833,558	$20,884,542	$-574,685
2018	$2,059,898	$2,649,993	$21,523,553	$-590,095