The Pierpont Morgan Library (EIN 131624146) - 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

1924

Legal Domicile

Principal Officer

Colin B Bailey

Phone

2126850008

Tax Period

2024-04-01 to 2025-03-31

The Pierpont Morgan Library, founded in 1924, is a mid-sized nonprofit in the Education sector that reported $55.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $13.2M, a strong 24% operating margin.

Mission

Museum and independent research library (see Schedule O)located in the heart of New York City, the Morgan Library & Museum began as the personal library of financier, collector, and cultural benefactor J. Pierpont Morgan (1837-1913). The Morgan offers the public close encounters with great works of human accomplishment in a setting treasured for its intimate scale and historic significance. Its collections of manuscripts, rare books, music, drawings, and other works of art comprise a unique record of civilization, as well as an incomparable repository of ideas and the creative process.

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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 $29,030,601

Program Service Revenue $5,459,427

Investment Income $19,657,249

Other Revenue $940,321

TOTAL REVENUE $55,087,598

Expense Breakdown

Grants Paid $108,048

Salaries & Benefits $16,379,272

Fundraising Expenses $3,240,636

Program Expenses $33,368,255

Other Expenses $25,438,795

TOTAL EXPENSES $41,926,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,087,598	$58,672,728	-0.1%
Expenses	$41,926,115	$34,392,554	+0.2%
Net Income	$13,161,483	$24,280,174	-0.5%

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

268

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

$1,652,987

Total Directors

$896,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G Scott Clemons	Co-President	5.00	Officer Director	$0	$0	$0
Robert King Steel	Co-President	5.00	Officer Director	$0	$0	$0
Martha McGarry Miller	Vice President	3.00	Officer Director	$0	$0	$0
Clement C Moore II	Vice President	3.00	Officer Director	$0	$0	$0
George L K Frelinghuysen	Treasurer	3.00	Officer Director	$0	$0	$0
Patricia Morton	Secretary	3.00	Officer Director	$0	$0	$0
Mohit Assomull	Trustee	1.00	Director	$0	$0	$0
Allison Binns	Trustee	1.00	Director	$0	$0	$0
Susanna Borghese	Trustee	1.00	Director	$0	$0	$0
Karen B Cohen	Trustee	1.00	Director	$0	$0	$0
Martha J Fleischman	Trustee	1.00	Director	$0	$0	$0
Frederick J Iseman	Trustee	1.00	Director	$0	$0	$0
Jerker M Johansson	Trustee	1.00	Director	$0	$0	$0
Eric L Motley	Trustee	1.00	Director	$0	$0	$0
Peter Pennoyer	Trustee	1.00	Director	$0	$0	$0
Katharine J Rayner	Trustee	1.00	Director	$0	$0	$0
Annette de la Renta	Trustee	1.00	Director	$0	$0	$0
Donna Perret Rosen	Trustee	1.00	Director	$0	$0	$0
Joshua W Sommer	Trustee	1.00	Director	$0	$0	$0
Rachel R Stern	Trustee	1.00	Director	$0	$0	$0
Alyce Williams Toonk	Trustee	1.00	Director	$0	$0	$0
Colin B Bailey	Director	35.00	Officer Director	$772,730	$123,309	$896,039
Kristina W Stillman	Dir. of Fin./Adm & Asst. Treasurer	35.00	Officer	$345,857	$75,844	$421,701
Jessica B Ludwig	Deputy Dir.& Asst.Secretary	35.00	Officer	$286,561	$48,686	$335,247
John J Marciari	Dir. of Curatorial Affairs	35.00	Highest	$203,203	$35,832	$239,035
Mary Schlitzer	Controller	35.00	Highest	$197,744	$48,944	$246,688
Gilbert Parilla	Engineer	35.00	Highest	$169,805	$13,652	$183,457
Maria Fredericks	Sherman Fairchild Head of Thaw Ctr.	35.00	Highest	$169,460	$46,223	$215,683
Lauren Stakias to 102024	Dir. of Institutional Advancement	35.00	Highest	$243,799	$24,967	$268,766

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	$55,087,598	$42,662,741	$445,845,749	$12,424,857
2025	$55,087,598	$41,926,115	$446,582,375	$13,161,483
2024	$58,672,728	$34,392,554	$435,664,971	$24,280,174
2023	$23,737,274	$31,437,927	$386,483,637	$-7,700,653
2022	$59,153,120	$26,123,983	$416,332,166	$33,029,137
2021	$25,823,209	$22,832,553	$418,437,020	$2,990,656
2020	$30,703,871	$28,143,549	$345,611,294	$2,560,322
2019	$35,929,819	$27,775,744	$370,490,806	$8,154,075
2018	$43,314,751	$26,070,973	$367,845,999	$17,243,778

The Pierpont Morgan Library