THE CHILDRENS 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

1913

Legal Domicile

Principal Officer

JAGDISH CHOKSHI

Phone

6174266500

Tax Period

2024-07-01 to 2025-06-30

THE CHILDRENS MUSEUM, founded in 1913, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $22.1M in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.6M, a strong 43% operating margin.

Mission

IN CONFORMITY WITH THE PRACTICE FOLLOWED BY MANY MUSEUMS, THE VALUE OF PROPERTY PURCHASED OR DONATED FOR THE MUSEUM COLLECTION IS NOT REFLECTED ON THE STATEMENTS OF FINANCIAL POSITION. THE COLLECTION IS DEEMED INEXHAUSTIBLE. THE COLLECTION IS MAINTAINED FOR EDUCATION AND RESEARCH AND FURTHERANCE OF THE MUSEUM'S GOALS RATHER THAN FINANCIAL GAIN. THE COLLECTION IS PROTECTED, KEPT UNENCUMBERED AND IS SUBJECT TO AN ORGANIZATIONAL POLICY THAT ENCOURAGES PERMANENT POSSESSION. THE MUSEUM'S COLLECTIONS POLICY REQUIRES THAT PROCEEDS FROM THE SALE OF COLLECTION ITEMS BE USED FOR THE ACQUISITION OR DIRECT CARE OF COLLECTION ITEMS. DIRECT CARE INCLUDES, BUT IS NOT LIMITED TO, THE FOLLOWING: CONTRACT CONSERVATION AND CONSULTANT COSTS, THE PHYSICAL REPAIR OR UPGRADING OF THE STORAGE AREAS HOUSING COLLECTIONS INCLUDING REHOUSING MATERIALS AND SUPPLIES, AND THE TECHNOLOGICAL ASSETS NEEDED TO CARE FOR AND MAINTAIN THE COLLECTION.

Program Service Accomplishments

Program 1

Expenses: $3,707,414 Revenue: $4,291,741

VISITOR EXPERIENCETHE GOAL OF VISITOR EXPERIENCE IS TO PROVIDE HIGH QUALITY EXPERIENCES FOR OUR LARGE AUDIENCE OF DIVERSE VISITORS, WHETHER THEY COME IN AS SCHOOL OR COMMUNITY GROUPS, OR FAMILIES. WE SEEK TO ADDRESS THE LEARNING NEEDS AND INTERESTS OF CHILDREN BIRTH TO TEN YEARS OLD, AS WELL AS THEIR ACCOMPANYING ADULTS WHO COMPRISE 50% OF THE AUDIENCE. TO DO THIS, WE DEVELOP STAFF TALENT IN DELIVERING EXCELLENT CUSTOMER SERVICE, PUBLIC PROGRAMS, AND ENGAGING INTERACTION WITH VISITORS TO HELP THEM MAXIMIZE THE LEARNING IMPACT AND DELIGHT IN DISCOVERY. VISITOR EXPERIENCE WORKS TO CREATE AN INCLUSIVE ENVIRONMENT THAT WELCOMES ALL.

Program 2

Expenses: $3,475,158 Revenue: $47,028

EDUCATION PROGRAMSTHE GOAL OF EDUCATION PROGRAMS IS TO DEVELOP AND IMPLEMENT INTERACTIVE EXPERIENCES THAT ENHANCE THE MUSEUM'S EXHIBITS FOR CHILDREN AND ADULTS IN THE AREAS OF STEM AND STEAM, VISUAL AND PERFORMING ARTS, HEALTH AND WELLNESS, CULTURES, EARLY CHILDHOOD DEVELOPMENT AND LEARNING, AND COMMUNITY ENGAGEMENT. EDUCATION PROGRAMS INCLUDE SELF-GUIDED AND STRUCTURED SCHOOL PROGRAMS, SCHOOL READINESS PROGRAMS IN PARTNERSHIP WITH COMMUNITY AGENCIES, DESIGNATED PROGRAMS FOR CHILDREN AND FAMILIES WITH SPECIAL NEEDS, SCIENCE DISCOVERY PROGRAMS, ART STUDIO WORKSHOPS, PERFORMING ARTS DEMONSTRATIONS AND WORKSHOPS, AND LIVE THEATER EXPRESSLY GEARED TO YOUNG VISITORS.

Program 3

Expenses: $2,011,784 Revenue: $0

EXHIBITIONSTHE GOAL OF EXHIBITIONS IS TO DEVELOP, DESIGN AND PRODUCE INNOVATIVELY AWESOME EXPERIENCES THAT ENGAGE CHILDREN AND ADULTS IN MEANINGFUL ACTIVITIES THAT INSPIRE CREATIVITY, CURIOSITY...

EXHIBITIONSTHE GOAL OF EXHIBITIONS IS TO DEVELOP, DESIGN AND PRODUCE INNOVATIVELY AWESOME EXPERIENCES THAT ENGAGE CHILDREN AND ADULTS IN MEANINGFUL ACTIVITIES THAT INSPIRE CREATIVITY, CURIOSITY, EXPERIMENTATION, PROBLEM SOLVING, AND COLLABORATION. EXHIBITS ARE POWERFUL TOOLS FOR PLAY AND LEARNING, AND FOR OPENING THE IMAGINATION TO NEW WORLDS AND IDEAS. WITH A GREAT DEPTH AND BREADTH OF STAFF EXPERTISE IN THE ARTS, STEM/STEAM, HEALTH AND WELLNESS, CULTURES AND EARLY CHILDHOOD EDUCATION, THE MUSEUM CREATES EXHIBITS THAT MAY APPEAR DECEPTIVELY SIMPLE BUT ARE FOUNDED IN THE THEORY AND PRACTICE OF HOW CHILDREN AND FAMILIES LEARN BEST.

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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 $14,144,843

Program Service Revenue $5,487,996

Investment Income $2,496,501

Other Revenue $-51,427

TOTAL REVENUE $22,077,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,105,616

Fundraising Expenses $906,571

Program Expenses $9,524,542

Other Expenses $6,381,919

TOTAL EXPENSES $12,487,535

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,077,913	$11,898,570	+0.9%
Expenses	$12,487,535	$10,263,286	+0.2%
Net Income	$9,590,378	$1,635,284	+4.9%

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

124

Volunteers

103

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

$606,895

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HELEN ROSENFELD	TRUSTEE, VICE CHAIR	0.50	Officer Director	$0	$0	$0
THOMAS MCCROREY	TRUSTEE, TREASURER (UNTIL 10/21/24)	0.38	Officer Director	$0	$0	$0
RENEE BOYNTON-JARRETT	TRUSTEE	0.38	Director	$0	$0	$0
NIRAV DAGLI	TRUSTEE	0.50	Director	$0	$0	$0
RICK DIMINO	TRUSTEE (UNTIL 10/21/24)	0.38	Director	$0	$0	$0
DAVID HEALY	TRUSTEE, CHAIRMAN	3.75	Officer Director	$0	$0	$0
JASON JANOFF-TRUSTEE ALL YEAR	TREASURER (APPT. 10/21/24)	0.38	Officer Director	$0	$0	$0
MIEKO KAMII	TRUSTEE	0.50	Director	$0	$0	$0
GILES LI	TRUSTEE (UNTIL 5/1/25)	0.38	Director	$0	$0	$0
AUNOY BANERJEE	TRUSTEE	0.38	Director	$0	$0	$0
JULIE GORDON	TRUSTEE (UNTIL 10/21/24)	0.38	Director	$0	$0	$0
KELLY HILLER	TRUSTEE, SECRETARY	0.50	Officer Director	$0	$0	$0
DAVID BURT	TRUSTEE	0.38	Director	$0	$0	$0
KEEGAN CALDWELL	TRUSTEE	0.38	Director	$0	$0	$0
RYAN MURPHY	TRUSTEE	0.38	Director	$0	$0	$0
SYLVIA STEVENS-EDOUARD	TRUSTEE	0.50	Director	$0	$0	$0
PAUL LEONE	TRUSTEE (UNTIL 4/1/25)	0.38	Director	$0	$0	$0
MELISSA WORTH	TRUSTEE	0.38	Director	$0	$0	$0
DEBORAH ROBBINS	TRUSTEE	0.38	Director	$0	$0	$0
DEIRDRE PHILLIPS	TRUSTEE	0.38	Director	$0	$0	$0
DOROTHY YU	TRUSTEE	0.38	Director	$0	$0	$0
PAT BROPHY	TRUSTEE	0.38	Director	$0	$0	$0
ROBIN MOUNT	TRUSTEE	0.38	Director	$0	$0	$0
CARLOS VASQUEZ	TRUSTEE	0.38	Director	$0	$0	$0
ARIEL FOXMAN	TRUSTEE (UNTIL 2/1/25)	0.38	Director	$0	$0	$0
JESSICA GUO	TRUSTEE	0.38	Director	$0	$0	$0
CHRIS LAGAN	TRUSTEE	0.38	Director	$0	$0	$0
LIANNE LEVENTHAL	TRUSTEE	0.38	Director	$0	$0	$0
ANDREW NORTON	TRUSTEE	0.38	Director	$0	$0	$0
NEAL BOYLE	TRUSTEE	0.38	Director	$0	$0	$0
RANA MURPHY	TRUSTEE	0.38	Director	$0	$0	$0
EMILY SCHUR	TRUSTEE	0.38	Director	$0	$0	$0
JEROME SMITH	TRUSTEE	0.38	Director	$0	$0	$0
CHARLES DONAHUE	TRUSTEE (APPOINTED 10/21/24)	0.38	Director	$0	$0	$0
MICHAEL HARRISON	TRUSTEE (APPOINTED 3/5/25)	0.38	Director	$0	$0	$0
ELIZABETH HIBBARD	TRUSTEE (APPOINTED 10/21/24)	0.38	Director	$0	$0	$0
CAROLE CHARNOW	PRESIDENT/CEO	35.00	Officer	$270,581	$34,260	$304,841
AMY AUERBACH	SVP/CFO (UNTIL 10/14/24)	35.00	Officer	$184,415	$17,753	$202,168
HANNAH CORNU	ASSISTANT SECRETARY	35.00	Officer	$53,744	$8,930	$62,674
JAGDISH CHOKSHI	CFAO (AS OF 10/14/24)	35.00	Officer	$37,212	$0	$37,212
CHARLAYNE MURRELL-SMITH	VP OF CORPORATE DEVELOPMENT	35.00	Highest	$139,732	$16,942	$156,674
JERI APPIER - CONTROLLER	& MANAGING DIRECTOR FINANCE	35.00	Highest	$126,697	$7,247	$133,944
MICHAEL TRAVIS	VP OF DEVELOPMENT	35.00	Highest	$202,881	$18,058	$220,939
MELISSA HIGGINS	VP OF PROGRAMS & EXHIBITS	35.00	Highest	$141,676	$5,667	$147,343
ROBIN MEISNER	SENIOR DIRECTOR, EXHIBITS	35.00	Highest	$108,825	$14,802	$123,627

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
2025	$22,077,913	$12,487,535	$75,690,406	$9,590,378
2024	$11,898,570	$10,263,286	$64,850,910	$1,635,284
2023	$9,481,204	$9,583,520	$61,456,440	$-102,316
2022	$15,531,381	$8,449,597	$60,830,612	$7,081,784
2021	$9,246,217	$7,761,594	$60,090,275	$1,484,623
2020	$7,337,476	$9,991,357	$55,831,310	$-2,653,881
2019	$9,344,042	$10,399,939	$57,204,138	$-1,055,897
2018	$10,657,588	$10,061,169	$59,550,903	$596,419