ELI WHITNEY MUSEUM INC

EIN: 060952478 501(c)(3) Arts, Culture & Humanities

HAMDEN, CT

Total Revenue
$1,410,959
Total Expenses
$1,526,648
Total Assets
$2,036,273
Net Assets
$1,960,472
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
CT
Principal Officer
RYAN PAXTON
Phone
2037771833
Tax Period
2024-09-01 to 2025-08-31

ELI WHITNEY MUSEUM INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

THE ELI WHITNEY MUSEUM AND WORKSHOP IS AN EXPERIMENTAL LEARNING WORKSHOP FOR STUDENTS, TEACHERS AND FAMILIES. WE COLLECT, INTERPERT AND TEACH EXPERIENCES THAT ARE THE ROOT OF DESIGN AND INVENTION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $231,790
Program Service Revenue $1,055,028
Investment Income $22,430
Other Revenue $101,711
TOTAL REVENUE $1,410,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,118,921
Fundraising Expenses $0
Program Expenses $1,453,386
Other Expenses $407,727
TOTAL EXPENSES $1,526,648

Year-over-Year Comparison

2024 2023 Change
Revenue $1,410,959 $1,488,938 -0.1%
Expenses $1,526,648 $1,589,703 0.0%
Net Income $-115,689 $-100,765 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
156
Volunteers
3

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
5
$126,125
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY SUDMYER PRESIDENT 1.00
Officer Director
$0 $0 $0
DANIEL VELAZQUEZ VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RAY FAIR TREASURER 1.00
Officer Director
$0 $0 $0
JOHN RICHARD LOGAN SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN BIANCHI TRUSTEE 1.00
Director
$0 $0 $0
SEQUELLA COLEMAN TRUSTEE 1.00
Director
$0 $0 $0
LIAM GRACE-FLOOD TRUSTEE 1.00
Director
$0 $0 $0
DAVID HEISER TRUSTEE 1.00
Director
$0 $0 $0
MEGHAN KNIGHT TRUSTEE 1.00
Director
$0 $0 $0
DAVID LEWIN TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDRA MAHLER-HAUG TRUSTEE 1.00
Director
$0 $0 $0
NORMAND METHOT TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM FRANK MITCHELL TRUSTEE 1.00
Director
$0 $0 $0
ZACHARY MOROWITZ TRUSTEE 1.00
Director
$0 $0 $0
DARRELL WILSON TRUSTEE 1.00
Director
$0 $0 $0
ALAN PLATTUS TRUSTEE 1.00
Director
$0 $0 $0
RYAN PAXTON EXECUTIVE DI 40.00
Officer
$114,654 $11,471 $126,125
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 $1,410,959 $1,526,648 $2,036,273 $-115,689
2024 $1,488,938 $1,589,703 $2,141,502 $-100,765
2023 $1,524,613 $1,477,601 $2,214,925 $47,012
2022 $1,308,847 $1,287,271 $2,182,493 $21,576
2021 $1,053,032 $977,080 $2,324,608 $75,952
2020 $971,748 $1,059,234 $2,099,566 $-87,486
2019 $1,216,627 $1,453,248 $2,124,299 $-236,621
2018 $1,346,042 $1,300,223 $2,390,486 $45,819
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