THE ERIC CARLE MUSEUM OF PICTURE B… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

ALEXANDRA KENNEDY

Phone

4135596314

Tax Period

2023-07-01 to 2024-06-30

THE ERIC CARLE MUSEUM OF PICTURE BOOK ART INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.0M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 32% operating margin.

Mission

THE ERIC CARLE MUSEUM OF PICTURE BOOK ART ELEVATES AND CELEBRATES PICTURE BOOK ART.

Program Service Accomplishments

Program 1

Expenses: $3,852,041 Revenue: $344,855

1. THE CARLE ORGANIZED SIX ORIGINAL ART EXHIBITIONS IN AMHERST AND TOURED FIVE EXHIBITIONS TO MUSEUMS IN THE U.S. AND ABROAD, REACHING ALMOST HALF A MILLION PEOPLE. 2. THE MUSEUM'S ART STUDIO...

1. THE CARLE ORGANIZED SIX ORIGINAL ART EXHIBITIONS IN AMHERST AND TOURED FIVE EXHIBITIONS TO MUSEUMS IN THE U.S. AND ABROAD, REACHING ALMOST HALF A MILLION PEOPLE. 2. THE MUSEUM'S ART STUDIO PROVIDED HANDS-ON ART-MAKING ACTIVITIES TO ALL OF OUR VISITORS (ON A DROP-IN BASIS) WHENEVER THE MUSEUM WAS OPEN; IT ALSO OFFERED DOZENS OF SPECIALIZED WORKSHOPS, INCLUDING PROFESSIONAL DEVELOPMENT FOR EDUCATORS, THROUGHOUT THE YEAR. 3. THE MUSEUM HOSTED PICTURE BOOK ARTISTS AND AUTHORS FOR STORY TIMES, LECTURES, ART DEMONSTRATIONS, AND BOOK SIGNINGS SO VISITORS CAN LEARN ABOUT HOW BOOKS ARE MADE AND MEET THEIR CREATORS.

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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 $7,000,572

Program Service Revenue $415,655

Investment Income $227,725

Other Revenue $321,918

TOTAL REVENUE $7,965,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,102,672

Fundraising Expenses $480,773

Program Expenses $3,852,041

Other Expenses $2,293,475

TOTAL EXPENSES $5,396,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,965,870	$3,951,599	+1.0%
Expenses	$5,396,147	$4,496,575	+0.2%
Net Income	$2,569,723	$-544,976	-5.7%

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

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

$401,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN COLLIER	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA DAVIS PINKNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
GRACE LIN	TRUSTEE	1.00	Director	$0	$0	$0
GABE WOLOSKY	TRUSTEE	1.00	Director	$0	$0	$0
THERESA TORO	TRUSTEE	1.00	Director	$0	$0	$0
WALESKA SANTIAGO-CENTENO	TRUSTEE	1.00	Director	$0	$0	$0
NANCY SOKOLOVE	TRUSTEE	1.00	Director	$0	$0	$0
LYNN WAGGONER	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNA CAREY	HONORARY TRUSTEE	1.00	Director	$0	$0	$0
LEONARD MARCUS	TRUSTEE	1.00	Director	$0	$0	$0
TRACI TODD	TRUSTEE	1.00	Director	$0	$0	$0
RAMSEY NAITO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM PHILLIP GORTH	CHAIR	1.00	Officer Director	$0	$0	$0
DR CLAUDETTE S MCLINN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EMILY LAIRD DRESSER	TRUSTEE	1.00	Director	$0	$0	$0
HUN OHM ESQ	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE MURPHY	TRUSTEE	1.00	Director	$0	$0	$0
ALEXANDRA KENNEDY END 11212023	EXECUTIVE DIRECTOR	37.50	Officer	$248,586	$62,881	$311,467
JENNIFER SCHANTZ START 09182023	EXECUTIVE DIRECTOR	37.50	Officer	$71,096	$19,141	$90,237
REBECCA GOGGINS	DIRECTOR OF DEVELOPMENT	37.50	Highest	$146,702	$10,212	$156,914
ANDREA POWERS	DIRECTOR OF FINANCE AND AD	37.50	Highest	$146,702	$10,212	$156,914
ELLEN J KEITER	CHIEF CURATOR	37.50	Highest	$119,393	$16,882	$136,275
COURTNEY M WARING	DIRECTOR OF EDUCATION	37.50	Highest	$119,393	$14,528	$133,921

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	No data	No data	No data	No data
2024	$7,965,870	$5,396,147	$18,828,821	$2,569,723
2023	$3,951,599	$4,496,575	$15,504,100	$-544,976
2022	$4,365,948	$3,774,771	$15,643,393	$591,177
2022	$4,365,948	$3,774,771	$15,643,393	$591,177
2021	$5,749,801	$3,428,707	$15,457,741	$2,321,094
2020	$2,790,372	$3,636,381	$12,896,641	$-846,009
2019	$2,983,353	$3,481,419	$13,436,000	$-498,066
2018	$3,134,778	$3,323,142	$14,007,733	$-188,364

THE ERIC CARLE MUSEUM OF PICTURE BOOK ART INC