THE HENRY MORRISON FLAGLER MUSEUM INC

EIN: 130873838 501(c)(3) Arts, Culture & Humanities

PALM BEACH, FL

Total Revenue
$4,945,301
Total Expenses
$4,198,453
Total Assets
$67,327,092
Net Assets
$61,741,369
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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
1959
Legal Domicile
FL
Principal Officer
AMANDA SKIER
Phone
5616552833
Tax Period
2025-01-01 to 2025-06-30

THE HENRY MORRISON FLAGLER MUSEUM INC, founded in 1959, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $747K, a strong 15% operating margin.

Mission

THE MISSION OF THE HENRY MORRISON FLAGLER MUSEUM IS TO PRESERVE AND INTERPRET WHITEHALL, HENRY FLAGLER'S LEGACY, AND AMERICA'S GILDED AGE, IN WAYS THAT INSPIRE EVERY GENERATION TO PERPETUATE AND EMULATE THE TRADITIONS AND VALUES THAT HAVE MADE AMERICA THE MOST PROSPEROUS AND GENEROUS NATION IN HISTORY.

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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 $337,971
Program Service Revenue $2,792,237
Investment Income $1,718,831
Other Revenue $96,262
TOTAL REVENUE $4,945,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,994,904
Fundraising Expenses $339,507
Program Expenses $2,932,718
Other Expenses $2,203,549
TOTAL EXPENSES $4,198,453

Year-over-Year Comparison

2024 2023 Change
Revenue $4,945,301 $8,045,398 -0.4%
Expenses $4,198,453 $7,200,302 -0.4%
Net Income $746,848 $845,096 -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

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

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Governance

Voting Members
9
Independent Members
9
Employees
55
Volunteers
24

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
6
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY M HOPKINS PRESIDENT 2.00
Officer Director
$0 $0 $0
GF ROBERT HANKE VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
WILLIAM M MATTHEWS TREASURER 2.00
Officer Director
$0 $0 $0
BARRY G HOYT SECRETARY 2.00
Officer Director
$0 $0 $0
TED GARDNER TRUSTEE 2.00
Director
$0 $0 $0
LAWRENCE L GRAY TRUSTEE 2.00
Director
$0 $0 $0
THOMAS S KENAN III TRUSTEE 2.00
Director
$0 $0 $0
JOHN KOCH TRUSTEE 2.00
Director
$0 $0 $0
GEORGE GREGORY MATTHEWS TRUSTEE 2.00
Director
$0 $0 $0
AMANDA SKIER CEO 40.00
Officer
$0 $0 $0
CHRISTINA BERNSTEIN COO 40.00
Officer
$0 $0 $0
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 $4,945,301 $4,198,453 $67,327,092 $746,848
2024 $8,045,398 $7,200,302 $63,784,078 $845,096
2023 $7,789,054 $6,249,090 $60,097,670 $1,539,964
2022 $5,767,955 $5,587,720 $53,779,600 $180,235
2021 $4,765,672 $4,219,717 $63,121,691 $545,955
2020 $2,380,623 $4,191,543 $56,824,636 $-1,810,920
2019 $3,587,984 $5,264,055 $54,400,133 $-1,676,071
2018 $4,923,708 $5,599,937 $48,545,508 $-676,229
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