CHILDREN'S MUSEUM OF THE ARTS INC

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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

1988

Legal Domicile

Principal Officer

ALLISON RUSSO

Phone

2122740986

Tax Period

2022-07-01 to 2023-06-30

CHILDREN'S MUSEUM OF THE ARTS INC, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $934K in total revenue in fiscal year 2022. Expenses of $1.6M exceeded revenue, resulting in a 67% operating deficit.

Mission

WE ARE ON A MISSION TO UNITE CHILDREN AND ARTISTS TO CREATE AND SHARE AMBITIOUS WORKS OF ART WITH THEIR COMMUNITIES AND THE WORLD. SINCE 1988, CHILDREN'S MUSEUM OF THE ARTS HAS BEEN CHANGING THE WAY PEOPLE VALUE OUR YOUNGEST ARTISTS AND THEIR AESTHETIC CONTRIBUTIONS TO THE WORLD. IN 2022, PLEDGING TO MAKE ALL OF ITS PROGRAMS 100% FREE OF CHARGE, THE MUSEUM CLOSED ITS FEE-FOR-SERVICE FACILITY TO FOLLOW A NEW NORTH STAR: THE EMERGENCY ARTS EDUCATION FUND.

Program Service Accomplishments

Program 1

Expenses: $1,096,544 Revenue: $79,179

CMA TRUSTS ARTISTS TO DEFINE WHAT THE FIELD OF ARTS IS. ACCORDINGLY, OUR CORE PROGRAMMING TAKES AN INTEGRATED APPROACH TO ENGAGE CHILDREN ARTISTS, THEIR COMMUNITIES, AND THE WORLD. WE ACHIEVE THIS...

CMA TRUSTS ARTISTS TO DEFINE WHAT THE FIELD OF ARTS IS. ACCORDINGLY, OUR CORE PROGRAMMING TAKES AN INTEGRATED APPROACH TO ENGAGE CHILDREN ARTISTS, THEIR COMMUNITIES, AND THE WORLD. WE ACHIEVE THIS THROUGH A 3-PRONGED PROCESS: (1) WE DEVELOP DEEP PARTNERSHIPS WITH NYC NEIGHBORHOODS AND SCHOOLS TO EMBED FREE ACCESS TO THE ARTS DIRECTLY INTO THE COMMUNITY; (2) WE MAKE THE ART WORLD MORE INCLUSIVE FOR CHILDREN AND FAMILIES THROUGH SPECIAL ON-SITE VISITS AND INTIMATE ENCOUNTERS WITH ARTISTS, CURATORS, AND OTHER ARTS PROFESSIONALS; (3) WE PUBLICLY CELEBRATE THE ARTISTRY OF CHILDREN THROUGH EXHIBITIONS, PROGRAMMING AND OUR GROWING PERMANENT COLLECTION OF 2,000 PIECES OF CHILDREN'S ART FROM OVER 50 COUNTRIES THAT DATE BACK MORE THAN 80 YEARS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,263,864

Program Service Revenue $79,179

Investment Income $0

Other Revenue $-408,844

TOTAL REVENUE $934,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $992,900

Fundraising Expenses $213,419

Program Expenses $1,096,544

Other Expenses $568,272

TOTAL EXPENSES $1,561,172

Year-over-Year Comparison

	2022	2021	Change
Revenue	$934,199	$977,376	0.0%
Expenses	$1,561,172	$1,853,334	-0.2%
Net Income	$-626,973	$-875,958	-0.3%

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

$204,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER SETH CAMERON	EXECUTIVE DI	40.00	Officer	$204,920	$0	$204,920
GENEVIEVE MARTIN	DIR. OF ADVA	N/A	Highest	$110,561	$0	$110,561
ALLISON RUSSO	PRESIDENT	9.00	Officer Director	$0	$0	$0
JESSICA OGILVIE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
CYNTHIA WAINWRIGHT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
ANDREW ZUCKERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURIE HARRIS BRENNAN	TREASURER	5.00	Officer Director	$0	$0	$0
MELIS BISCHOFBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA BRIONES	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM FLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRA SOROKOLIT-FRANKEL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL DAYTON HERMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF KINKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JILLIAN MARCUS	BOARD MEMBER	3.00	Director	$0	$0	$0
PAOLA OXOA	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH PEPPERMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
KATHERINE SALYI	BOARD MEMBER	1.00	Director	$0	$0	$0
ANA YUNES-LESHEN	BOARD MEMBER	1.00	Director	$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
2023	$934,199	$1,561,172	$348,845	$-626,973
2022	$969,704	$1,834,709	$2,255,372	$-865,005
2022	$977,376	$1,853,334	$2,214,700	$-875,958
2021	$1,637,679	$2,130,492	$3,261,330	$-492,813
2020	$3,207,948	$3,436,424	$3,666,890	$-228,476
2019	$3,216,089	$3,732,238	$3,394,362	$-516,149
2018	$3,352,696	$3,536,341	$3,825,478	$-183,645