THE LONG ISLAND MUSEUM OF AMERICAN ART HISTORY & CARRIAGES (EIN 111667767) - 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

1942

Legal Domicile

Principal Officer

SARAH ABRUZZI

Phone

6317510066

Tax Period

2024-07-01 to 2025-06-30

THE LONG ISLAND MUSEUM OF AMERICAN ART HISTORY & CARRIAGES, founded in 1942, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PRESERVE COLLECTIONS OF 19TH CENTURY LONG ISLAND AND AMERICAN ART, HISTORY AND HORSE-DRAWN TRANSPORTATION HISTORY AND OFFER INTERPRETATION OF THESE COLLECTIONS AND RELATED HISTORICAL TOPICS THROUGH PUBLIC EDUCATIONAL PROGRAMS.

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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 $549,685

Program Service Revenue $79,880

Investment Income $1,809,387

Other Revenue $115,385

TOTAL REVENUE $2,554,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,772,721

Fundraising Expenses $559,005

Program Expenses $2,185,002

Other Expenses $1,329,473

TOTAL EXPENSES $3,102,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,554,337	$3,139,973	-0.2%
Expenses	$3,102,194	$3,235,957	0.0%
Net Income	$-547,857	$-95,984	+4.7%

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

$360,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS M SULLIVAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL A BUTLER	SECRETARY	1.00	Officer Director	$0	$0	$0
THERESA KELLY	TREASURER	1.00	Officer Director	$0	$0	$0
MR JOHN C ARMENTANO	TRUSTEE	1.00	Director	$0	$0	$0
MR SAM ARONSON	TRUSTEE	1.00	Director	$0	$0	$0
SANDI BREWSTER-WALKER	TRUSTEE	1.00	Director	$0	$0	$0
MARK M CHAMBERS PHD	TRUSTEE	1.00	Director	$0	$0	$0
RAFFAELA FERRO	TRUSTEE	1.00	Director	$0	$0	$0
RON HOFFMAN	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH KAHN KAPLAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL PERCENT	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS REINA	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT SANDERS	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN SIMMONS	TRUSTEE	1.00	Director	$0	$0	$0
SUE KIESEL WAGNER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH ABRUZZI	CO-EXECUTIVE DIRECTOR	35.00	Officer	$137,100	$5,877	$142,977
JOSHUA RUFF	CO-EXECUTIVE DIRECTOR	35.00	Officer	$125,603	$120	$125,723
LAURIE CURIALE	DIRECTOR OF FINANCE	35.00	Officer	$81,590	$9,900	$91,490

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	$2,554,337	$3,102,194	$22,119,106	$-547,857
2024	$3,139,973	$3,235,957	$21,767,728	$-95,984
2023	$2,410,505	$3,188,309	$21,415,205	$-777,804
2022	$2,634,076	$2,944,842	$21,216,753	$-310,766
2021	$2,528,641	$2,379,741	$25,489,639	$148,900
2020	$1,686,067	$2,760,160	$20,949,625	$-1,074,093
2019	$2,619,522	$2,944,998	$22,080,048	$-325,476
2018	$2,436,768	$2,761,516	$22,155,266	$-324,748

THE LONG ISLAND MUSEUM OF AMERICAN ART HISTORY & CARRIAGES