SURLS LOCKE MUSEUM (EIN 991786653) - Form 990 Financial Analysis & Trantor Score

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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

2024

Legal Domicile

Principal Officer

JAMES SURLS

Phone

4022032308

Tax Period

2024-01-01 to 2024-12-31

SURLS LOCKE MUSEUM, founded in 2024, is a small nonprofit in the Arts, Culture & Humanities sector that reported $241K in total revenue in fiscal year 2024. Expenses of $217K left a modest 10% surplus.

Mission

THE SURLS + LOCKE MUSEUM OF TEXAS ART IS DEDICATED TO PRESERVING AND SHOWCASING THE ARTISTIC LEGACY OF JAMES SURLS AND CHARMAINE LOCKE AND THEIR CONTRIBUTION TO THE ARTS. THIS MUSEUM SERVES TO CELEBRATE ITS ORIGINS IN TEXAS STORYTELLING TRADITIONS AND MAKES USE OF ITS EXPANSIVE NATURAL LANDSCAPE TO EDUCATE IN THE ARTS, SCIENCES, AND PHILOSOPHY IN ORDER TO INSPIRE FUTURE GENERATIONS.

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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 $241,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $204,582

Fundraising Expenses $0

Program Expenses $206,449

Other Expenses $12,637

TOTAL EXPENSES $217,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,000	N/A	N/A
Expenses	$217,219	N/A	N/A
Net Income	$23,781	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

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
BILLY HASSELL	SECRETARY	5.00	Officer	$0	$0	$0
CHARMAINE LOCKE	CO-PRESIDENT	10.00	Officer	$0	$0	$0
LENORE MONCRIEF	TREASURER	5.00	Officer	$0	$0	$0
KATHERINE PERSON	OFFICER	5.00	Officer	$0	$0	$0
JAMES SURLS	CO-PRESIDENT	40.00	Officer	$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	$241,000	$217,219	$23,781	$23,781

SURLS LOCKE MUSEUM