NEW BRITAIN MUSEUM OF AMERICAN ART INC (EIN 061422234) - 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

1903

Legal Domicile

Principal Officer

BRETT ABBOTT

Phone

8602290257

Tax Period

2024-07-01 to 2025-06-30

NEW BRITAIN MUSEUM OF AMERICAN ART INC, founded in 1903, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $6.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE NEW BRITAIN MUSEUM OF AMERICAN ART INSPIRES, EDUCATES, AND CONNECTS PEOPLE THROUGH THE POWER OF AMERICAN ART.

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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 $3,187,180

Program Service Revenue $481,228

Investment Income $1,808,065

Other Revenue $174,722

TOTAL REVENUE $5,651,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,853,374

Fundraising Expenses $649,521

Program Expenses $5,272,394

Other Expenses $3,838,036

TOTAL EXPENSES $6,691,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,651,195	$4,038,361	+0.4%
Expenses	$6,691,410	$5,884,776	+0.1%
Net Income	$-1,040,215	$-1,846,415	-0.4%

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

$263,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT TOMASSO	TRUSTEE	0.10	Director	$0	$0	$0
ARNOLD AMSTUTZ	TRUSTEE	0.10	Director	$0	$0	$0
CLAUDIA THESING	TRUSTEE	0.10	Director	$0	$0	$0
CYNTHIA COOPER	TRUSTEE	0.10	Director	$0	$0	$0
DONA CASSELLA	TRUSTEE	0.10	Director	$0	$0	$0
DONNA STOUT	TRUSTEE	0.10	Director	$0	$0	$0
GAIL BYEFF	TRUSTEE	0.10	Director	$0	$0	$0
GARY KNOBLE	TRUSTEE	0.10	Director	$0	$0	$0
JACK CARROON	TRUSTEE	0.10	Director	$0	$0	$0
JOHN C BOMBARA	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JOHN JEZOWSKI	TRUSTEE	0.10	Director	$0	$0	$0
JOHN WHEAT	SECRETARY	0.10	Officer Director	$0	$0	$0
JOSEPH DEL MASTRO	TRUSTEE	0.10	Director	$0	$0	$0
KENNETH BOUDREAU	TREASURER	0.10	Officer Director	$0	$0	$0
LISA LAZARUS	TRUSTEE	0.10	Director	$0	$0	$0
MARY JANE DUNN	TRUSTEE	0.10	Director	$0	$0	$0
MICHELE PARROTTA	TRUSTEE	0.10	Director	$0	$0	$0
NEAL FREUDEN	TRUSTEE	0.10	Director	$0	$0	$0
PETER YU	CHAIR	0.10	Officer Director	$0	$0	$0
SCOTT CELELLA	TRUSTEE	0.10	Director	$0	$0	$0
SUSAN WARNER	TRUSTEE	0.10	Director	$0	$0	$0
TANIA PICHARDO WEISS	TRUSTEE	0.10	Director	$0	$0	$0
THOMAS MACH	TRUSTEE	0.10	Director	$0	$0	$0
BRETT ABBOTT	DIRECTOR & CEO	40.00	Officer	$234,176	$29,683	$263,859

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	$5,651,195	$6,691,410	$48,260,493	$-1,040,215
2024	$4,038,361	$5,884,776	$48,085,444	$-1,846,415
2023	$3,268,442	$5,863,424	$47,126,609	$-2,594,982
2022	$5,724,995	$4,652,352	$48,215,040	$1,072,643
2021	$5,315,295	$4,816,052	$53,713,319	$499,243
2020	$5,575,283	$4,221,121	$48,694,639	$1,354,162
2019	$5,532,927	$4,753,120	$48,447,105	$779,807

NEW BRITAIN MUSEUM OF AMERICAN ART INC