HECKSCHER MUSEUM (EIN 116038031) - 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

1957

Legal Domicile

Principal Officer

HEATHER ARNET

Phone

6313803230

Tax Period

2024-01-01 to 2024-12-31

HECKSCHER MUSEUM, founded in 1957, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

MUSEUM HAS A MISSION TO CREATE OPPORTUNTIES FOR EVERYONE TO EXPERIENCE ART THAT BROADENS UNDERSTANDING OF THE PAST, FOSTERS COMMUNITY CONNECTIONS TO THE PRESENT, AND CREATES DIVERSE POSSBILITIES FOR THE FUTURE.

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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 $1,967,631

Program Service Revenue $63,485

Investment Income $304,582

Other Revenue $-14,840

TOTAL REVENUE $2,320,858

Expense Breakdown

Grants Paid $11,010

Salaries & Benefits $1,660,095

Fundraising Expenses $156,460

Program Expenses $2,127,400

Other Expenses $967,268

TOTAL EXPENSES $2,638,373

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,320,858	$1,721,422	+0.3%
Expenses	$2,638,373	$2,584,340	+0.0%
Net Income	$-317,515	$-862,918	-0.6%

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

$197,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE A LEV	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TRUDY H CALABRESE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT J AQUILINA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PRISCILLA HUGHES	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD T CUNNIFF JR	SECRETARY	2.00	Officer Director	$0	$0	$0
PIEN BOSCH	TRUSTEE	2.00	Director	$0	$0	$0
JESSICA BRASSLER	TRUSTEE	2.00	Director	$0	$0	$0
COLETTE BUZETTA	TRUSTEE	2.00	Director	$0	$0	$0
JOHN T CALLAGHAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN E CORAOR	TRUSTEE	2.00	Director	$0	$0	$0
MARGY HARGRAVES	TRUSTEE	2.00	Director	$0	$0	$0
BETTE SCHNEIDERMAN	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE SEGEL	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER ARNET	CHIEF EXECUTIVE OFFICER	50.00	Officer	$190,518	$7,423	$197,941

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	$2,320,858	$2,638,373	$9,596,020	$-317,515
2023	$1,721,422	$2,584,340	$9,356,017	$-862,918
2022	$1,840,593	$2,150,740	$9,561,660	$-310,147
2021	$2,010,060	$1,931,643	$11,450,757	$78,417
2020	$1,652,869	$1,888,263	$10,695,865	$-235,394
2019	$1,527,220	$1,923,089	$10,327,005	$-395,869
2018	$1,462,304	$1,783,182	$9,744,524	$-320,878

HECKSCHER MUSEUM