SANTA BARBARA MUSEUM OF ART

EIN: 951664122 501(c)(3) Arts, Culture & Humanities

SANTA BARBARA, CA

Total Revenue
$11,334,880
Total Expenses
$12,252,367
Total Assets
$131,572,554
Net Assets
$128,758,489
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
CA
Principal Officer
AMANDA CRUZ
Phone
8058846422
Tax Period
2022-07-01 to 2023-06-30

SANTA BARBARA MUSEUM OF ART, founded in 1941, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.3M in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Net assets of $128.8M represent 136 months of operating reserves.

Mission

TO INTEGRATE ART INTO THE LIVES OF PEOPLE

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,239,446
Program Service Revenue $1,444,717
Investment Income $1,850,453
Other Revenue $-199,736
TOTAL REVENUE $11,334,880

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,926,320
Fundraising Expenses $813,561
Program Expenses $9,617,833
Other Expenses $6,326,047
TOTAL EXPENSES $12,252,367

Year-over-Year Comparison

2022 2021 Change
Revenue $11,334,880 $18,950,542 -0.4%
Expenses $12,252,367 $10,445,977 +0.2%
Net Income $-917,487 $8,504,565 -1.1%
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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Governance

Voting Members
30
Independent Members
30
Employees
89
Volunteers
154

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
4
$239,703
Total Directors
25
$124,632
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN FELDSTEIN TRUSTEE 5.00
Director
$0 $0 $0
LYNN CUNNINGHAM BROWN TRUSTEE 5.00
Director
$0 $0 $0
RICHARD DE SCHUTTER VICE CHAIR AND TRUSTEE 5.00
Officer Director
$0 $0 $0
MARTHA GABBERT TRUSTEE 5.00
Director
$0 $0 $0
JOAN DAVIDSON TRUSTEE 5.00
Director
$0 $0 $0
NORMAN KURLAND TRUSTEE 5.00
Director
$0 $0 $0
JUNIE PREWITT JINKINS TRUSTEE 5.00
Director
$0 $0 $0
KANDY LURIA-BUDGOR TRUSTEE 5.00
Director
$0 $0 $0
BRUCE WORSTER SECRETARY AND TRUSTEE 5.00
Officer Director
$0 $0 $0
NICHOLAS MUTTON CHAIR AND TRUSTEE 5.00
Officer Director
$0 $0 $0
CAROLE MACCORKLE TRUSTEE 5.00
Director
$0 $0 $0
BARRY WINICK TRUSTEE 5.00
Director
$0 $0 $0
DOUGLAS NORBERG TRUSTEE 5.00
Director
$0 $0 $0
DAVID JACKSON TRUSTEE 5.00
Director
$0 $0 $0
JEANNE TOWLES TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL WILSON TRUSTEE 5.00
Director
$0 $0 $0
JOHN MIKE COHEN TRUSTEE 5.00
Director
$0 $0 $0
CHRISTINE HOLLAND TRUSTEE 5.00
Director
$0 $0 $0
MARTHA HOLSMAN BABSON TRUSTEE 5.00
Director
$0 $0 $0
KAREN LOMBARDO BRILL TRUSTEE 5.00
Director
$0 $0 $0
ROBERT CASTLE TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL LINN TRUSTEE 5.00
Director
$0 $0 $0
BETSY NEWMAN TRUSTEE 5.00
Director
$0 $0 $0
MARTHA TOWNSEND TRUSTEE 5.00
Director
$0 $0 $0
JOSEPH PRICE DIRECTOR OF INFORMATION TECHNOLOGY 40.00
Director
$119,001 $5,631 $124,632
LARRY FEINBERG DIRECTOR AND CEO 40.00
Officer
$229,693 $10,010 $239,703
KAREN KAWAGUCHI DIRECTOR OF EXTERNAL AFFAI 40.00
Highest
$124,827 $6,116 $130,943
EILEEN KAHNG DEPUTY DIRECTOR AND CHIEF 40.00
Highest
$146,954 $6,772 $153,726
DIANE LYYTIKAINEN CHIEF FINANCIAL OFFICER 40.00
$169,731 $0 $169,731
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
2023 $11,334,880 $12,252,367 $131,572,554 $-917,487
2022 $18,950,542 $10,445,977 $129,028,744 $8,504,565
2022 $18,950,542 $10,445,977 $129,028,744 $8,504,565
2021 $22,074,169 $7,262,804 $142,171,274 $14,811,365
2020 $12,248,633 $7,918,902 $123,627,436 $4,329,731
2019 $11,063,664 $8,573,820 $121,839,537 $2,489,844
2018 $14,374,063 $8,723,515 $115,573,546 $5,650,548
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