QUEENS MUSEUM OF ART (EIN 112278998) - 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

1972

Legal Domicile

Principal Officer

SALLY TALLANT

Phone

7185929700

Tax Period

2024-07-01 to 2025-06-30

QUEENS MUSEUM OF ART, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 18% operating margin.

Mission

THE QUEENS MUSEUM FEATURES EXHIBITIONS AND PROGRAMS THAT RANGE FROM HISTORICAL TO CONTEMPORARY, FOCUS ON MATERIAL CULTURE TO SOCIAL JUSTICE, AND INCLUDE SITE-SPECIFIC TEMPORARY COMMISSIONS RELEVANT TO LOCAL AND GLOBAL ISSUES. IN FY25, THE MUSEUM HAS SEEN CONTINUED GROWTH IN OUR EXHIBITIONS, EDUCATION AND PUBLIC PROGRAMS FOR STUDENTS, SENIORS, COMMUNITY MEMBERS, AND ARTISTS.

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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 $7,449,736

Program Service Revenue $234,137

Investment Income $3,525

Other Revenue $105,946

TOTAL REVENUE $7,793,344

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $3,555,457

Fundraising Expenses $532,216

Program Expenses $3,912,841

Other Expenses $2,804,541

TOTAL EXPENSES $6,377,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,793,344	$6,880,136	+0.1%
Expenses	$6,377,998	$7,190,187	-0.1%
Net Income	$1,415,346	$-310,051	-5.6%

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

$529,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA KIRBY	CHAIR	2.00	Officer Director	$0	$0	$0
YVONNE RILEY-TEPIE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
AMY D'AMATO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINA GEFFRARD	TREASURER	1.00	Officer Director	$0	$0	$0
ANGELO BAQUE	TRUSTEE	1.00	Director	$0	$0	$0
SAM CHARNEY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS CHEN	TRUSTEE, THRU MAY 2025	1.00	Director	$0	$0	$0
MING CHIANG	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE CIAMPA	TRUSTEE	1.00	Director	$0	$0	$0
PATSY DOERR	TRUSTEE	1.00	Director	$0	$0	$0
DOMINIQUE GOSS	TRUSTEE	1.00	Director	$0	$0	$0
ARTHI KRISHNAMOORTHY	TRUSTEE	1.00	Director	$0	$0	$0
SETH KUPFERBERG	TRUSTEE	1.00	Director	$0	$0	$0
LORRAINE CHAMBERS LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
HANNA MILLER	TRUSTEE	1.00	Director	$0	$0	$0
ANWARII MUSA	TRUSTEE	1.00	Director	$0	$0	$0
JIM PALADINO	TRUSTEE	1.00	Director	$0	$0	$0
BEVIN SAVAGE-YAMAZAKI	TRUSTEE	1.00	Director	$0	$0	$0
DENISE SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
ALAN SUNA	TRUSTEE	1.00	Director	$0	$0	$0
PETER WARWICK	TRUSTEE	1.00	Director	$0	$0	$0
GRETCHEN WERWAISS	TRUSTEE	1.00	Director	$0	$0	$0
SALLY TALLANT	EXECUTIVE DIRECTOR	40.00	Officer	$297,330	$47,451	$344,781
DEBRA WIMPFHEIMER	DEPUTY DIRECTOR	40.00	Officer	$162,088	$22,375	$184,463
KIMAADA LEGENDRE DIRECTOR	EDUCATION AND COMMUNITY ENGAGEMENT	40.00	Highest	$104,386	$34,363	$138,749

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	$7,793,344	$6,377,998	$36,805,508	$1,415,346
2024	$6,423,086	$7,292,147	$36,013,539	$-869,061
2024	$6,880,136	$7,190,187	$36,556,929	$-310,051
2023	$6,191,125	$7,808,733	$36,000,981	$-1,617,608
2022	$6,381,652	$6,589,602	$36,572,943	$-207,950
2021	$4,485,769	$5,335,670	$37,385,842	$-849,901
2020	$3,986,211	$5,157,990	$38,022,976	$-1,171,779
2019	$3,855,333	$5,621,903	$38,778,839	$-1,766,570
2018	$5,518,473	$6,312,761	$40,552,218	$-794,288

QUEENS MUSEUM OF ART