CARDINAL SPELLMAN PHILATELIC MUSEUM INC (EIN 042280409) - 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

1960

Legal Domicile

Principal Officer

MICHAEL LAWSON

Phone

7817688367

Tax Period

2023-01-01 to 2023-12-31

CARDINAL SPELLMAN PHILATELIC MUSEUM INC, founded in 1960, is a small nonprofit in the Arts, Culture & Humanities sector that reported $253K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $46K, a strong 18% operating margin.

Mission

THE SPELLMAN MUSEUM IS A CENTER OF LEARNING AND ACTIVITIES FOR PEOPLE OF ALL AGES. IT WILL PRESERVE, ENHANCE AND EXPAND ITS COLLECTIONS, LIBRARY AND FACILITIES AS A PHILATELIC TRUST FOR THE EDUCATION AND ENTERTAINMENT OF THE GENERAL PUBLIC; TO PROMOTE THE HOBBY OF STAMP COLLECTING AND TO BE A RESOURCE FOR HISTORIANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $132,789

Program Service Revenue $9,934

Investment Income $19,081

Other Revenue $90,715

TOTAL REVENUE $252,519

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,242

Fundraising Expenses $39,207

Program Expenses $88,575

Other Expenses $176,629

TOTAL EXPENSES $206,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,519	$301,960	-0.2%
Expenses	$206,871	$168,990	+0.2%
Net Income	$45,648	$132,970	-0.7%

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

Volunteers

N/A

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
YAMIL H KOURI MD	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL LAWSON	TREASURER	1.00	Officer Director	$0	$0	$0
S LEE HOGAN CSJ	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
ROSEMARY BRENNAN CSJ	TRUSTEE	1.00	Director	$0	$0	$0
ANTOINETTE HAYS RN PHD	EX OFFICIO MEMBER	1.00	Director	$0	$0	$0
JOHN HENNESSEY	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN R BERUBE	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SAVAGE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET WALLACE CSJ	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
HELEN SULLIVAN CSJ	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN BERUBE CSJ	TRUSTEE	1.00	Director	$0	$0	$0
KATHRYN EDNEY PHD	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DUBOIS	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SHAPIRO	TRUSTEE	1.00	Director	$0	$0	$0
DR MARY-ANNE VETTERLING	TRUSTEE	1.00	Director	$0	$0	$0
NORM SHUFRIN	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$252,519	$206,871	$744,418	$45,648
2022	$301,960	$168,990	$685,344	$132,970
2021	$354,109	$319,784	$662,895	$34,325
2020	$296,224	$306,680	$620,968	$-10,456
2019	$383,482	$416,510	$628,599	$-33,028
2018	$597,935	$377,903	$759,190	$220,032

CARDINAL SPELLMAN PHILATELIC MUSEUM INC