STERLING AND FRANCINE CLARK ART INSTITUTE (EIN 042163004) - 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

1950

Legal Domicile

Principal Officer

OLIVIER B MESLAY

Phone

4134582303

Tax Period

2024-07-01 to 2025-06-30

STERLING AND FRANCINE CLARK ART INSTITUTE, founded in 1950, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $59.4M in total revenue in fiscal year 2024. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22.5M, a strong 38% operating margin.

Mission

IN 1950, STERLING AND FRANCINE CLARK CHARTERED THE STERLING AND FRANCINE CLARK ART INSTITUTE AS A HOME FOR THEIR EXTENSIVE ART COLLECTION. OPENED TO THE PUBLIC IN 1955, THE INSTITUTE HAS BUILT UPON THIS EXTRAORDINARY GROUP OF WORKS TO BECOME ONE OF THE MOST BELOVED AND RESPECTED ART MUSEUMS IN THE WORLD, KNOWN FOR ITS INTIMATE GALLERIES AND STUNNING NATURAL ENVIRONMENT. ONE OF THE FEW INSTITUTIONS IN THE UNITED STATES THAT COMBINES A PUBLIC ART MUSEUM WITH RESEARCH AND ACADEMIC PROGRAMS, INCLUDING A MAJOR ART HISTORY LIBRARY, THE CLARK IS A LEADING INTERNATIONAL CENTER FOR RESEARCH AND DISCUSSION ON THE NATURE OF ART AND ART HISTORY.

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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 $56,664,621

Program Service Revenue $1,696,986

Investment Income $1,044,661

Other Revenue $-49,008

TOTAL REVENUE $59,357,260

Expense Breakdown

Grants Paid $339,000

Salaries & Benefits $12,184,786

Fundraising Expenses $2,216,017

Program Expenses $27,876,709

Other Expenses $24,369,336

TOTAL EXPENSES $36,894,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,357,260	$27,133,279	+1.2%
Expenses	$36,894,060	$34,235,671	+0.1%
Net Income	$22,463,200	$-7,102,392	-4.2%

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

185

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

$1,207,889

Total Directors

$992,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUD S MANDEL	WILLIAMS COLLEGE, EX OFFICIO	1.00	Director	$0	$172,034	$992,690
OLIVIER B MESLAY	DIRECTOR & EX OFFICIO	40.00	Officer	$541,998	$205,785	$747,783
DAPHNE BIRDSEY	CHIEF ADVANCEMENT OFFICER	40.00	Highest	$227,163	$16,837	$244,000
ESTHER S BELL	DEPUTY DIRECTOR & CHIEF CURATOR	40.00	Officer	$221,405	$16,416	$237,821
ROBIN T SHER	CFO/COO/CLERK	40.00	Officer	$195,036	$27,249	$222,285
KATHLEEN MARIE MORRIS	MARX DIRECTOR COLLECTIONS & EXHIBITS	40.00	Highest	$174,025	$52,492	$226,517
VICTORIA T SALTZMAN	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$165,412	$48,161	$213,573
WILLIAM J POWERS	DIRECTOR OF FACILITIES	40.00	Highest	$154,117	$48,002	$202,119
CAROLINE O FOWLER	DIRECTOR OF RESEARCH & ACADEMIC PROGRAMS	40.00	Highest	$154,131	$38,839	$209,970
GLENN BARNES	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA BECK	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN FENNESSY BOUSA	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA L BURTON	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK J LANDERS	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH B LEE	TRUSTEE	1.00	Director	$0	$0	$0
GLENN D LOWRY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL R LYNCH	TRUSTEE	1.00	Director	$0	$0	$0
DORIS FISCHER MALESARDI	TRUSTEE	1.00	Director	$0	$0	$0
FRANK MARTUCCI	TRUSTEE	1.00	Director	$0	$0	$0
JAMES PARKS	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM C SCHMIDT	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD SHAPIRO	TRUSTEE	1.00	Director	$0	$0	$0
TODD TIBBETTS	TRUSTEE	1.00	Director	$0	$0	$0
HELGE WEINER-TRAPNESS	TRUSTEE	1.00	Director	$0	$0	$0
DENISE LITTLEFIELD SOBEL	CHAIR	4.00	Officer Director	$0	$0	$0
PAUL R PROVOST	VICE CHAIR	4.00	Officer Director	$0	$0	$0
SCOTT SCHWEIGHAUSER	TREASURER	4.00	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
2025	$59,357,260	$36,894,060	$760,739,357	$22,463,200
2024	No data	No data	No data	No data
2023	$10,724,599	$31,550,903	$657,691,537	$-20,826,304
2022	$8,296,004	$29,732,280	$670,367,352	$-21,436,276
2021	$8,093,612	$28,984,597	$748,008,228	$-20,890,985
2020	$26,673,561	$27,753,959	$592,810,685	$-1,080,398
2019	$26,948,382	$29,975,167	$590,626,701	$-3,026,785

STERLING AND FRANCINE CLARK ART INSTITUTE