DISCOVERY MUSEUM INC (EIN 042741645) - 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

1981

Legal Domicile

Principal Officer

XUAN KONG

Phone

9782644200

Tax Period

2024-01-01 to 2024-12-31

DISCOVERY MUSEUM INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $10.8M represent 31 months of operating reserves.

Mission

TO SPARK DELIGHT IN LEARNING BY IGNITING CURIOSITY AND CREATIVITY IN CHILDREN AND ADULTS, AS THEY DISCOVER TOGETHER THE JOYS OF SCIENCE, NATURE, AND PLAY.

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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 $1,430,960

Program Service Revenue $2,368,601

Investment Income $110,120

Other Revenue $219,545

TOTAL REVENUE $4,129,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,425,283

Fundraising Expenses $449,978

Program Expenses $2,913,233

Other Expenses $1,676,203

TOTAL EXPENSES $4,101,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,129,226	$4,561,122	-0.1%
Expenses	$4,101,486	$3,937,186	+0.0%
Net Income	$27,740	$623,936	-1.0%

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

450

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

$191,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
XUAN KONG PHD	PRESIDENT	2.00	Officer Director	$0	$0	$0
RUTH AGBAJI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFFREY GLIDDEN	TREASURER	2.00	Officer Director	$0	$0	$0
CHERYL BEAUDOIN	CLERK	2.00	Officer Director	$0	$0	$0
PAULA BENTINCK-SMITH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID COTE	DIRECTOR	2.00	Director	$0	$0	$0
ANTHONY DIBONA	DIRECTOR	2.00	Director	$0	$0	$0
LISA GIGLIO	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
HARRY HOLLENBERG	DIRECTOR	2.00	Director	$0	$0	$0
HENRY HOUH	DIRECTOR	2.00	Director	$0	$0	$0
SAMIRA LAWANDE	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW MAGEE	DIRECTOR	2.00	Director	$0	$0	$0
J KEVIN NUGENT PHD	DIRECTOR	2.00	Director	$0	$0	$0
SAHANA PUROHIT	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET A RAMSEY	DIRECTOR	2.00	Director	$0	$0	$0
SHELLY SHAW	DIRECTOR	2.00	Director	$0	$0	$0
UMAIR ZIA	DIRECTOR	2.00	Director	$0	$0	$0
MARIE BEAM	CHIEF EXECUTIVE OFFICER	40.00	Officer	$179,994	$11,770	$191,764
TOBEY FOSSEY	SR. DIRECTOR OF DEVELOPMENT	40.00	Highest	$152,423	$0	$152,423
BRINDHA MUNIAPPAN	SR. DIRECTOR OF THE MUSEUM EXPERIENCE	40.00	Highest	$109,708	$0	$109,708
NEIL GORDON	FORMER CEO (THRU 12/2023)	0.00		$135,382	$0	$135,382

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	$4,129,226	$4,101,486	$12,714,046	$27,740
2023	$4,561,122	$3,937,186	$12,781,455	$623,936
2022	$3,493,435	$3,513,070	$12,128,266	$-19,635
2021	$4,406,909	$2,557,721	$11,301,287	$1,849,188
2020	$2,071,191	$2,334,603	$8,976,653	$-263,412
2019	$2,897,115	$2,958,531	$9,270,645	$-61,416
2018	$2,700,355	$2,492,266	$9,323,493	$208,089

DISCOVERY MUSEUM INC