MUSEUM OF THE CITY OF NEW YORK (EIN 131624098) - 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

1923

Legal Domicile

Principal Officer

OSMAN C KURTULUS

Phone

2125341672

Tax Period

2024-07-01 to 2025-06-30

MUSEUM OF THE CITY OF NEW YORK, founded in 1923, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $13.4M in total revenue in fiscal year 2024. Expenses of $15.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MUSEUM OF THE CITY OF NEW YORK FOSTERS UNDERSTANDING OF THE DISTINCTIVE NATURE OF URBAN LIFE IN THE WORLD'S MOST INFLUENTIAL METROPOLIS. IT ENGAGES VISITORS BY CELEBRATING, DOCUMENTING, AND INTERPRETING THE CITY'S PAST, PRESENT, AND 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 $5,003,636

Program Service Revenue $2,325,453

Investment Income $3,724,439

Other Revenue $2,312,989

TOTAL REVENUE $13,366,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,641,149

Fundraising Expenses $2,296,359

Program Expenses $11,975,306

Other Expenses $5,959,792

TOTAL EXPENSES $15,600,941

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,366,517	$12,657,745	+0.1%
Expenses	$15,600,941	$14,552,984	+0.1%
Net Income	$-2,234,424	$-1,895,239	+0.2%

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

161

Volunteers

110

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

$1,371,820

Total Directors

$508,103

Key Employees

$262,108

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE H WILCHFORT	PRESIDENT & DIRECTOR	40.00	Officer Director	$428,458	$79,645	$508,103
MATT BROWN	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM C VRATTOS	VICE CHAIR & CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
ROBERT A JEFFE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RONAY MENSCHEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN J KETCHUM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTONIO FARNOS	TREASURER	1.00	Officer Director	$0	$0	$0
LEAH C JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH BELFER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS BIENSTOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
TODD DEGARMO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER FARMAN-FARMAIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN FEURTADO	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA FOSTER CURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELBA GALVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GOLDSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE HESSLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES C HORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE KARR	BOARD MEMBER	1.00	Director	$0	$0	$0
STANFORD G LADNER	BOARD MEMBER	1.00	Director	$0	$0	$0
NAML LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER K MARRUS	BOARD MEMBER	1.00	Director	$0	$0	$0
GURUDATTA NADKARNI	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE B O'CONNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACEY PONTARELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER PROSEK	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE ROWE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHMIDTBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDAH SCHULMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL B UBER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH M HENRY	CHIEF CURATOR	40.00	Officer	$285,467	$54,863	$340,330
OSMAN C KURTULUS	CHIEF FINANCIAL OFFICER	40.00	Officer	$224,037	$56,902	$280,939
GERARD GALLAGHER	CHIEF OPERATING OFFICER	40.00	Officer	$196,767	$45,681	$242,448
KEITH BUTLER	VP OF DEVELOPMENT THROUGH 12/2024	40.00	Key Emp	$229,500	$32,608	$262,108
CHERISSE CLEARY	DIRECTOR, EVENT SALES	40.00	Highest	$161,525	$14,360	$175,885
HENRY GALINDO	DIRECTOR OF FACILITIES	40.00	Highest	$134,112	$48,907	$183,019
JORDI VALLS	CONTROLLER	40.00	Highest	$120,847	$22,948	$143,795
MARIA MARTONYI	CREATIVE DIRECTOR	40.00	Highest	$107,146	$18,071	$125,217

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	$13,366,517	$15,600,941	$67,448,426	$-2,234,424
2024	$12,657,745	$14,552,984	$69,723,468	$-1,895,239
2023	$17,403,955	$16,829,041	$68,393,198	$574,914
2022	$15,929,242	$12,555,685	$62,355,927	$3,373,557
2021	$13,898,529	$10,464,137	$66,852,822	$3,434,392
2020	$13,770,494	$13,236,435	$57,067,807	$534,059
2019	$13,236,438	$15,899,669	$56,702,000	$-2,663,231
2018	$12,059,385	$15,590,541	$57,887,266	$-3,531,156

MUSEUM OF THE CITY OF NEW YORK