METROPOLITAN MUSEUM OF ART

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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

1870

Legal Domicile

Principal Officer

MAX HOLLEIN

Phone

2128795500

Tax Period

2024-07-01 to 2025-06-30

METROPOLITAN MUSEUM OF ART, founded in 1870, is a major nonprofit in the Arts, Culture & Humanities sector that reported $907.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $405.3M, a strong 45% operating margin.

Mission

THE METROPOLITAN MUSEUM OF ART COLLECTS, STUDIES, CONSERVES, AND PRESENTS SIGNIFICANT WORKS OF ART ACROSS ALL TIMES AND CULTURES IN ORDER TO CONNECT PEOPLE TO CREATIVITY, KNOWLEDGE, AND IDEAS.

Program Service Accomplishments

Program 1

Expenses: $163,398,296 Revenue: $1,109,287

CURATORIAL DEPARTMENTS, INCLUDING OPERATION OF THE CLOISTERS, CONSERVATION, CATALOGUING, AND SCHOLARLY PUBLICATIONS (INCLUDES FELLOWSHIP AWARDS AND TRAVEL STIPENDS IN THE AMOUNT OF $2,322,708)

Program 2

Expenses: $47,029,549 Revenue: $1,705,572

ACQUISITIONS AND SALES OF ART

Program 3

Expenses: $31,714,492 Revenue: $1,038,504

EDUCATION PROGRAMS, MUSEUM LIBRARIES, CONCERTS & LECTURES, AND DIGITAL MEDIA

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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 $356,445,070

Program Service Revenue $4,223,113

Investment Income $520,347,739

Other Revenue $26,352,115

TOTAL REVENUE $907,368,037

Expense Breakdown

Grants Paid $2,322,708

Salaries & Benefits $251,622,874

Fundraising Expenses $23,719,525

Program Expenses $287,988,311

Other Expenses $247,971,960

TOTAL EXPENSES $502,035,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$907,368,037	$697,601,819	+0.3%
Expenses	$502,035,162	$477,944,815	+0.1%
Net Income	$405,332,875	$219,657,004	+0.8%

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

2235

Volunteers

1355

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

$8,825,805

Total Directors

$1,871,720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lauren A Meserve	SVP & CHIEF INVESTMENT OFFICER	35.0	Officer	$1,646,429	$533,874	$2,180,303
Max Hollein	Director & CEO	35.0	Officer Director	$1,804,586	$67,134	$1,871,720
Lawrence Choi	SENIOR INVESTMENT OFFICER	35.0	Highest	$915,208	$319,200	$1,234,408
Kenly Voght	SENIOR INVESTMENT OFFICER	35.0	Highest	$1,089,097	$66,631	$1,155,728
Jameson Kelleher	COO, CFO AND TREASURER	35.0	Officer	$803,416	$61,218	$864,634
Whitney Donhauser	DEP DIR & CHF ADVANCEMENT OFF	35.0	Officer	$602,228	$67,247	$669,475
Sharon H Cott	SVP,SECRTRY&GEN.CNSL to 4/1/25	35.0	Officer	$522,100	$76,575	$598,675
Quincy Houghton	DEP DIR FOR EXH & INT'L INITIA	35.0	Officer	$418,853	$76,940	$495,793
Daniel H Weiss	PRESIDENT AND CEO TO 6/30/23	35.0		$492,000	$0	$492,000
Stephen Martin Mannello	Head of Retail & Global Licens	35.0	Highest	$427,286	$63,482	$490,768
Kenneth Weine	SVP & CHF COMM OFF TO 12/31/23	35.0		$464,661	$9,795	$474,456
Andrea Bayer	DEPUTY DIR, COLLECTIONS/ADMIN	35.0	Officer	$389,891	$67,406	$457,297
David Breslin	Curator in Charge	35.0	Highest	$395,574	$60,138	$455,712
Kerry Mullins	CHIEF HR OFFICER	35.0	Officer	$375,848	$66,272	$442,120
Jhaelen Hernandez Eli	VP, CAPITAL PROJECTS To 1/3/25	35.0	Officer	$374,248	$66,397	$440,645
Inka Drogemuller	DEP DIR FOR AUDIENCE ENGAGEMEN	35.0	Officer	$389,242	$49,793	$439,035
Steven R Ryan	CHIEF TECHNOLOGY OFFICER	35.0	Highest	$356,049	$76,650	$432,699
Rishi Agnani	Deputy Chief Human Resources	35.0		$346,231	$71,028	$417,259
H Sujin Kim	DEP GEN CNSL & ASST SECRECTARY	35.0	Officer	$328,153	$37,955	$366,108
Candace K Beinecke	Elective Trustee & Co-Chair	5.0	Officer Director	$0	$0	$0
Hamilton E James	Elective Trustee & Co-Chair	5.0	Officer Director	$0	$0	$0
Richard L Chilton Jr	Elective Trustee & Vice Chair	2.0	Officer Director	$0	$0	$0
Debra Black	Elective Trustee	1.0	Director	$0	$0	$0
Samantha Boardman	Elective Trustee	2.0	Director	$0	$0	$0
James Breyer	Elective Trustee	1.0	Director	$0	$0	$0
Daniel Brodsky From 7124	Elective Trustee	1.0	Director	$0	$0	$0
Ursula Burns	Elective Trustee	1.0	Director	$0	$0	$0
Gerrard P Bushell	Elective Trustee	1.0	Director	$0	$0	$0
Jordan Casteel	Elective Trustee	1.0	Director	$0	$0	$0
Wellington Z Chen	Elective Trustee	1.0	Director	$0	$0	$0
N Anthony Coles	Elective Trustee	1.0	Director	$0	$0	$0
Stephen M Cutler	Elective Trustee	2.0	Director	$0	$0	$0
Robert Denning	Elective Trustee	1.0	Director	$0	$0	$0
Blair Effron	Elective Trustee	2.0	Director	$0	$0	$0
Mark Fisch	Elective Trustee	2.0	Director	$0	$0	$0
Marina Kellen French	Elective Trustee	1.0	Director	$0	$0	$0
Amy Griffin	Elective Trustee	1.0	Director	$0	$0	$0
Kenneth Hao	Elective Trustee From 5/20/25	1.0	Director	$0	$0	$0
Jeff Himmelman	Elective Trustee	1.0	Director	$0	$0	$0
Yan Huo	Elective Trustee	1.0	Director	$0	$0	$0
Michael ByungJu Kim	Elective Trustee	1.0	Director	$0	$0	$0
Julia Koch	Elective Trustee	1.0	Director	$0	$0	$0
Sacha Lainovic	Elective Trustee	2.0	Director	$0	$0	$0
Aerin Lauder	Elective Trustee	1.0	Director	$0	$0	$0
Janice Y K Lee	Elective Trustee	1.0	Director	$0	$0	$0
Pablo G Legorreta	Elective Trustee	1.0	Director	$0	$0	$0
Wesley M LePatner	Elective Trustee from 2/21/25	1.0	Director	$0	$0	$0
Amanda Davis Lister	Elective Trustee	1.0	Director	$0	$0	$0
Philip F Maritz	Elective Trustee	1.0	Director	$0	$0	$0
Howard Marks	Elective Trustee	1.0	Director	$0	$0	$0
Bijan Mossavar-Rahmani	Elective Trustee	2.0	Director	$0	$0	$0
Dasha Niarchos	Elective Trustee	1.0	Director	$0	$0	$0
Edward N Pick	Elective Trustee	1.0	Director	$0	$0	$0
John Pritzker	Elective Trustee	2.0	Director	$0	$0	$0
Sir Paul Ruddock	Elective Trustee	1.0	Director	$0	$0	$0
Alejandro Santo Domingo	Elective Trustee	2.0	Director	$0	$0	$0
Andrew M Saul	Elective Trustee	1.0	Director	$0	$0	$0
Karen Patton Seymour	Elective Trustee	2.0	Director	$0	$0	$0
Andrew Solomon	Elective Trustee	2.0	Director	$0	$0	$0
Jamie Singer Soros	Elective Trustee	1.0	Director	$0	$0	$0
Beatrice Stern	Elective Trustee	1.0	Director	$0	$0	$0
Steve Stoute	Elective Trustee	1.0	Director	$0	$0	$0
Gaby Sulzberger	Elective Trustee	2.0	Director	$0	$0	$0
Oscar L Tang	Elective Trustee	1.0	Director	$0	$0	$0
Ann G Tenenbaum	Elective Trustee	1.0	Director	$0	$0	$0
Merryl H Tisch	Elective Trustee	1.0	Director	$0	$0	$0
Mathew M Wambua	Elective Trustee to 5/28/25	2.0	Director	$0	$0	$0
David S Winter	Elective Trustee	2.0	Director	$0	$0	$0
Dame Anna Wintour	Elective Trustee	1.0	Director	$0	$0	$0
Eric Adams	Ex-Officio Trustee	1.0	Director	$0	$0	$0
Adrienne Adams	Ex-Officio Trustee	1.0	Director	$0	$0	$0
Brad Lander	Ex-Officio Trustee	1.0	Director	$0	$0	$0
Susan Donoghue	Ex-Officio Trustee to 5/31/25	1.0	Director	$0	$0	$0
Iris Rodriguez-Rosa	Ex-Officio Trustee from 6/1/25	1.0	Director	$0	$0	$0
Laurie Cumbo	Ex-Officio Trustee	1.0	Director	$0	$0	$0
Paul Pineau From 31025	General Counsel & Secretary	35.0	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	$907,368,037	$502,035,162	$6,425,250,270	$405,332,875
2024	$697,601,819	$477,944,815	$6,025,306,841	$219,657,004
2023	$761,527,826	$420,244,064	$5,614,873,152	$341,283,762
2022	$653,501,924	$418,756,869	$5,373,900,476	$234,745,055
2021	$536,480,017	$368,977,830	$5,588,554,992	$167,502,187
2020	$414,668,610	$421,209,919	$4,530,953,743	$-6,541,309
2019	$515,073,571	$491,265,706	$4,477,108,999	$23,807,865
2018	$574,798,843	$492,173,112	$4,364,352,710	$82,625,731