PROVIDENCE CHILDREN'S MUSEUM (EIN 050370944) - 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

1975

Legal Domicile

Principal Officer

PATRICK J MARTIN

Phone

4012735437

Tax Period

2023-01-01 to 2023-12-31

PROVIDENCE CHILDREN'S MUSEUM, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 8% surplus.

Mission

THE MISSION OF THE PROVIDENCE CHILDREN'S MUSEUM IS TO INSPIRE AND CELEBRATE LEARNING THROUGH ACTIVE PLAY AND EXPLORATION. THE MUSEUM WELCOMES CHILDREN AND ADULTS OF ALL AGES AND BACKGROUNDS AND FROM ALL COMMUNITIES ALTHOUGH ITS FOCUS IS ON SERVING THE YOUTH OF SOUTHERN NEW ENGLAND, AGES 1 THROUGH 11, AND THE ADULTS WHO CARE FOR THEM.

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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 $1,648,089

Program Service Revenue $990,775

Investment Income $79,493

Other Revenue $564,250

TOTAL REVENUE $3,282,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,863,535

Fundraising Expenses $452,972

Program Expenses $2,339,139

Other Expenses $1,148,996

TOTAL EXPENSES $3,012,531

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,282,607	$2,246,076	+0.5%
Expenses	$3,012,531	$2,480,999	+0.2%
Net Income	$270,076	$-234,923	-2.1%

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

$173,106

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE MORIN	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK J MARTIN	TREASURER	1.00	Officer Director	$0	$0	$0
WENDY GRAY	SECRETARY	1.00	Officer Director	$0	$0	$0
JODI-ANN MCLANE	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIYINA TAVAREZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER MULLAHEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA POITEVIEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN CARLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANNE PURSLEY	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANCIE EMLEM	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE FRIEDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
KATERI BUERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY GAGNON	BOARD MEMBER	1.00	Director	$0	$0	$0
TED KRESSE	PRESIDENT	1.00	Officer Director	$0	$0	$0
TINO CHOW	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE GARDINER	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIA GONZALEZ-GUZMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ZLATOMIR POPOV	BOARD MEMBER	1.00	Director	$0	$0	$0
RACHEL READ	BOARD MEMBER	1.00	Director	$0	$0	$0
FELICIA VINCES	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE PAYSON	EXECUTIVE DIRECTOR	40.00	Officer	$146,024	$27,082	$173,106

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	$3,282,607	$3,012,531	$3,431,069	$270,076
2022	$2,246,076	$2,480,999	$3,023,967	$-234,923
2021	$2,324,736	$2,250,989	$3,373,407	$73,747
2020	$2,323,032	$2,404,642	$3,046,286	$-81,610
2019	$2,783,462	$3,271,222	$3,129,851	$-487,760
2018	$2,735,724	$3,037,793	$3,552,249	$-302,069

PROVIDENCE CHILDREN'S MUSEUM