INDIANA MUSEUM OF ART INC

EIN: 932950028 501(c)(3) Arts, Culture & Humanities

LOGANSPORT, IN

Total Revenue
$62,500
Total Expenses
$40,000
Total Assets
$48,500
Net Assets
$48,500
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IN
Principal Officer
JASON MYERS
Phone
3175136218
Tax Period
2024-01-01 to 2024-12-31

INDIANA MUSEUM OF ART INC, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $62K in total revenue in fiscal year 2024. The organization ran a surplus of $22K, a strong 36% operating margin.

Mission

THE INDIANA MUSEUM OF ART WAS FOUNDED WITH THE VISION OF FOSTERING COMMUNITY ENGAGEMENT WITH THE ARTS BY BRINGING THE RICHNESS OF INTERNATIONAL CONTEMPORARY ART DIRECTLY TO NORTH CENTRAL INDIANA. THROUGH THIS DYNAMIC INITIATIVE, THE MUSEUM NOT ONLY CULTIVATES A DEEPER LOCAL APPRECIATION FOR THE ARTS BUT ALSO PROMOTES VIBRANT CULTURAL EXCHANGES ACROSS THE WORLD.

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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 $62,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $62,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,000
Other Expenses $40,000
TOTAL EXPENSES $40,000

Year-over-Year Comparison

2024 2023 Change
Revenue $62,500 N/A N/A
Expenses $40,000 N/A N/A
Net Income $22,500 N/A N/A
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
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW MILLER TREASURER 1.00
Officer Director
$0 $0 $0
JASON MYERS PRESIDENT 1.00
Officer 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
2024 $62,500 $40,000 $48,500 $22,500
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