BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MUSEUM OF FINE ARTS, founded in 1870, is a major nonprofit in the Arts, Culture & Humanities sector that reported $157.7M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27.8M, a strong 18% operating margin.
IN ACCORDANCE WITH THE GENERAL PRACTICE OF ART MUSEUMS, WORKS OF ART COSTS ARE CHARGED DIRECTLY TO THE FUNDS AVAILABLE FOR SUCH PURPOSES AND ARE NOT CAPITALIZED; THE VALUE OF OBJECTS ACQUIRED THROUGH GIFTS CANNOT BE REASONABLY ESTIMATED AND, THEREFORE, ARE NOT RECORDED IN THE STATEMENT OF ACTIVITIES.
EDUCATION PROGRAMS: THE MUSEUM MAINTAINS AN ONGOING SERIES OF EDUCATION PROGRAMS AND ACTIVITIES IN ORDER TO FURTHER THE MISSION OF THE MUSEUM AND PROVIDE EDUCATIONAL OPPORTUNITIES IN ART. EDUCATION...
EDUCATION PROGRAMS: THE MUSEUM MAINTAINS AN ONGOING SERIES OF EDUCATION PROGRAMS AND ACTIVITIES IN ORDER TO FURTHER THE MISSION OF THE MUSEUM AND PROVIDE EDUCATIONAL OPPORTUNITIES IN ART. EDUCATION PROGRAMS COVER A WIDE SPECTRUM OF TOPICS AND INCLUDE STUDIO ART CLASSES AND WORKSHOPS FOR CHILDREN, TEENS AND ADULTS, LECTURES, FILMS, CONCERTS, A VARIETY OF OTHER COURSES, FREE DEMONSTRATIONS AND TALKS, FREE WORKSHOPS FOR EDUCATORS, SCHOOL GROUP TOURS, PARTNERSHIPS WITH LOCAL AREA SCHOOLS, AFTER-SCHOOL PROGRAMS AND COMMUNITY GROUPS TO ENGAGE YOUTH IN ARTS AND PROGRAMS FOR FAMILY VISITS TO THE MUSEUM.
EXHIBITIONS: WITH A COLLECTION OF NEARLY 500,000 OBJECTS, THE MUSEUM OWNS SOME OF THE RARE AND IMPORTANT ARTISTIC TREASURES IN THE WORLD. SUCH A COLLECTION ENABLES THE MUSEUM TO PRESENT MANY SPECIAL...
EXHIBITIONS: WITH A COLLECTION OF NEARLY 500,000 OBJECTS, THE MUSEUM OWNS SOME OF THE RARE AND IMPORTANT ARTISTIC TREASURES IN THE WORLD. SUCH A COLLECTION ENABLES THE MUSEUM TO PRESENT MANY SPECIAL EXHIBITIONS WITH A BALANCE BETWEEN SCHOLARLY PROGRAMS AND THOSE WITH BROAD PUBLIC APPEAL. DURING FISCAL YEAR 2024, THE MUSEUM PRESENTED 28 EXHIBITIONS. SOME HIGHLIGHTS INCLUDE: MATTHEW WONG: THE REALM OF APPEARANCES; TINY TREASURES: THE MAGIC OF MINIATURES; TENDER LOVING CARE: CONTEMPORARY ART FROM THE COLLECTION; THE BANNER PROJECT: SHEIDA SOLEIMANI; STRONG WOMEN IN RENAISSANCE ITALY; TOSHIKO TAKAEZU: SHAPING ABSTRACTION; FASHIONED BY SARGENT; DIGITAL IRIDESCENCE: JELL-O IN NEW MEDIA; MARKING RESILIENCE: INDIGENOUS NORTH AMERICAN PRINTS; CREATIVE SPACES: THE PHOTOGRAPHER'S STUDIO AS INSPIRATION; MONDRIAN: FOUNDATIONS; FY24 SMFA AT TUFTS TRAVELING FELLOW: DINORA JUSTICE: THE LAY OF THE LAND; THINKING SMALL [CNA: YALE UNIVERSITY ART GALLERY 2023]; ROT: COMRADE SISTERS: WOMEN OF THE BLACK PANTHER PARTY; HALLYU! THE KOREAN WAVE; DRESS UP; SONGS FOR MODERN JAPAN: POPULAR MUSIC AND GRAPHIC DESIGN, 1900-1950; ANCESTORS AND PLACE: INDIGENOUS NORTH AMERICAN PRINTS; FOUR WOMXN: NEW MUSINGS ON BLACKNESS; FY24 COMMUNITY ARTS INITIATIVE: OUR FAMILY PORTRAIT; BARBARA BOSWORTH: THE MEADOW; HYMAN BLOOM: LANDSCAPES OF THE MIND; EDWIN HOLGATE AS PRINTMAKER; LBM: ANSEL ADAMS IN OUR TIME AT SAN FRANCISCO, CA; NUBIA: TREASURES OF ANCIENT SUDAN AT ATLANTA, GA; TATTOOS AT JACKSONVILLE, FL; DUTCH ART IN A GLOBAL AGE AT ATLANTA, GA & FORT WORTH, TX; HOKUSAI: INSPIRATION AND INFLUENCE AT KANSAS CITY, MO.
ENTERPRISE: THE MUSEUM'S RETAIL OPERATIONS OFFERS A WIDE VARIETY OF MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS AND SPECIAL EXHIBITIONS, WHICH CONTRIBUTE IMPORTANTLY TO THE ACHIEVEMENT OF THE...
ENTERPRISE: THE MUSEUM'S RETAIL OPERATIONS OFFERS A WIDE VARIETY OF MERCHANDISE RELATED TO THE MUSEUM'S COLLECTIONS AND SPECIAL EXHIBITIONS, WHICH CONTRIBUTE IMPORTANTLY TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSE BY MAKING WORKS OF ART FAMILIAR TO A BROADER SEGMENT OF THE PUBLIC. OFFERINGS AT SHOP INCLUDE ART BOOKS, POSTERS, CARDS, GLASS, TEXTILES, JEWELRY AND SCULPTURE. MERCHANDISE IS FOR SALE IN THE PHYSICAL SHOPS OR THROUGH RETAIL'S WEB-BASED OUTLET.THE MUSEUM IS EXEMPT AS AN EDUCATIONAL ORGANIZATION ON THE BASIS OF ITS OWNERSHIP, MAINTENANCE, AND EXHIBITION FOR PUBLIC VIEWING OF WORKS OF ART. THE SALES OF SUCH ITEMS CONTRIBUTES IMPORTANTLY TO THE ACHIEVEMENT OF THE MUSEUM'S EXEMPT EDUCATIONAL PURPOSES BY STIMULATING AND ENHANCING PUBLIC AWARENESS, INTEREST, AND APPRECIATION OF ART. MOREOVER, A BROADER SEGMENT OF THE PUBLIC MAY BE ENCOURAGED TO VISIT THE MUSEUM ITSELF TO SHARE IN ITS EDUCATIONAL FUNCTIONS AND PROGRAMS AS A RESULT OF SEEING THE ITEMS SOLD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $157,680,166 | $99,573,924 | +0.6% |
| Expenses | $129,852,845 | $123,302,516 | +0.1% |
| Net Income | $27,827,321 | $-23,728,592 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATTHEW TEITELBAUM | ANN & GRAHAM GUND DIRECTOR | 40.00 |
Officer
|
$1,037,098 | $46,415 | $1,083,513 |
| CAMERAN MASON | CHIEF EXTERNAL RELATIONS | 40.00 |
Officer
|
$445,100 | $50,374 | $495,474 |
| ERIC WOODS | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$446,806 | $36,384 | $483,190 |
| CATHERINE VANDENABEELE | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$382,212 | $20,344 | $402,556 |
| CHRISTINA YU YU | CHIEF OF CURATORIAL AND CO | 40.00 |
Officer
|
$263,267 | $44,343 | $307,610 |
| EMILY BLUMENTHAL | CHIEF OF STAFF | 40.00 |
Officer
|
$224,231 | $38,238 | $262,469 |
| DEBRA LAKIND | SR DIR, IP & BUSINESS DEVE | 40.00 |
Highest
|
$213,905 | $42,439 | $256,344 |
| EDWARD SAYWELL | CHAIR, PRINTS AND DRAWINGS | 40.00 |
Highest
|
$218,522 | $35,782 | $254,304 |
| JANE O'REILLY-CORCORAN | DIR. OF HUMAN RESOURCES | 40.00 |
Highest
|
$227,022 | $27,213 | $254,235 |
| CHRISTOPHER FOX | DIR. OF TREASURY MANAGEMEN | 40.00 |
Officer
|
$211,163 | $39,811 | $250,974 |
| ELLEN J REYNOLDS | DIRECTOR OF DEVELOPMENT | 40.00 |
Highest
|
$219,389 | $20,364 | $239,753 |
| JONATHAN FREDERICK | SENIOR DIRECTOR, INFORMATION SYSTEMS & TECHNOLOGY | 40.00 |
Highest
|
$203,846 | $9,036 | $212,882 |
| DALIA LINSSEN | SENIOR DIRECTOR, ACADEMIC ENGAGEMENT AND RESEARCH | 40.00 |
Officer
|
$137,625 | $12,001 | $149,626 |
| ROBERT WORSTELL | INTERIM CHIEF OF LEARNING | 40.00 |
Officer
|
$96,857 | $7,529 | $104,386 |
| PIERRE TERJANIAN | CHIEF OF CURATORIAL AFFAIRS AND CONSERVATION | 40.00 |
Officer
|
$48,646 | $0 | $48,646 |
| MARIEL NOVAS | CHIEF OF LEARNING AND COMM | 40.00 |
Officer
|
$16,842 | $0 | $16,842 |
| CATHY E MINEHAN | ELECTED TRUSTEE - CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARC S PLONSKIER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| EMI M WINTERER | PRESIDENT-ELECT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| AZI DJAZANI | ELECTED TRUSTEE - CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELE COURTON BROWN | ELECTED TRUSTEE - CHAIR-ELECT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN B WEATHERBIE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL G ALEXANDER | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JILL AVERY | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARLOTTE NORD BERK | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH CHANDLER | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MONICA CHANDRA | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HOWARD COX | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER CREIGHTON | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID D CROLL | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RONALD M DRUKER | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS AJ FRANK | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ABIGAIL ROSS GOODMAN | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD E GREENE | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER HERMAN | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA HOSTETTER | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID HOWSE | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CLARISSA C HUNNEWELL | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH L JOHNSON | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA KRAFT | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LIZBETH KRUPP | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| YUCHUN LEE | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CARL J MARTIGNETTI | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA A MASON | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT NAGLE | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY POORVU | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTONIO PORRES | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM SEEMAN | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| THERESA STONE | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERTA WEINER | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| XIAOHUA ZHANG | ELECTED TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLYN OSTEEN | APPOINTED TRUSTEE - BOSTON ATHENAEUM | 1.00 |
Director
|
$0 | $0 | $0 |
| PRISCILLA H DOUGLAS | APPOINTED TRUSTEE - BOSTON PUBLIC LIBRARY | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY SKIPPER | APPOINTED TRUSTEE - BOSTON PUBLIC SCHOOLS | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHERINE N LAPP | APPOINTED TRUSTEE - HARVARD UNIVERSITY | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELLE WU | APPOINTED TRUSTEE - MAYOR OF BOSTON | 1.00 |
Director
|
$0 | $0 | $0 |
| MELISSA NOBLES | APPOINTED TRUSTEE - MIT | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES M GLASER | APPOINTED TRUSTEE - TUFTS UNIVERSITY | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $157,680,166 | $129,852,845 | $1,464,063,580 | $27,827,321 |
| 2023 | $99,573,924 | $123,302,516 | $1,382,617,633 | $-23,728,592 |
| 2022 | $148,263,439 | $134,496,363 | $1,324,479,765 | $13,767,076 |
| 2021 | $137,057,905 | $128,193,029 | $1,431,187,770 | $8,864,876 |
| 2020 | $175,070,799 | $122,422,275 | $1,234,619,782 | $52,648,524 |
| 2019 | $177,299,579 | $139,202,572 | $1,174,889,792 | $38,097,007 |
| 2018 | $133,443,644 | $117,023,890 | $1,170,762,642 | $16,419,754 |
Compare MUSEUM OF FINE ARTS with other nonprofits in Massachusetts and across the country.