MUSEUM OF ARTS AND DESIGN (EIN 133585408) - 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

1991

Legal Domicile

Principal Officer

TIMOTHY RODGERS

Phone

2122997777

Tax Period

2023-01-01 to 2023-12-31

MUSEUM OF ARTS AND DESIGN, founded in 1991, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.3M in total revenue in fiscal year 2023. Expenses of $13.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE MUSEUM OF ARTS AND DESIGN (MAD) IS TO COLLECT, DISPLAY, AND INTERPRET OBJECTS THAT DOCUMENT CONTEMPORARY AND HISTORIC INNOVATION IN CRAFT, ART, AND DESIGN. IN ITS EXHIBITIONS AND EDUCATIONAL PROGRAMS, THE MUSEUM CELEBRATES THE CREATIVE PROCESS THROUGH WHICH MATERIALS ARE CRAFTED INTO WORKS THAT ENHANCE CONTEMPORARY LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,081,498

Program Service Revenue $2,622,099

Investment Income $285,540

Other Revenue $2,297,229

TOTAL REVENUE $12,286,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,707,979

Fundraising Expenses $2,468,666

Program Expenses $10,023,011

Other Expenses $7,996,818

TOTAL EXPENSES $13,704,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,286,366	$11,558,619	+0.1%
Expenses	$13,704,797	$13,983,312	0.0%
Net Income	$-1,418,431	$-2,424,693	-0.4%

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

127

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

$626,649

Total Directors

Key Employees

$573,130

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE COHEN	CHAIR	5.00	Officer Director	$0	$0	$0
BARBARA TOBER	CHAIRMAN EMERITA	1.00	Officer Director	$0	$0	$0
JEFFREY MANOCHERIAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BARBARA WALDMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
LEWIS KRUGER	INTERIM TREASURER	3.00	Officer Director	$0	$0	$0
SUSAN ACH	TRUSTEE	1.00	Director	$0	$0	$0
GLEN ADAMSON	TRUSTEE	1.00	Director	$0	$0	$0
MARIAN C BURKE	TRUSTEE	1.00	Director	$0	$0	$0
SIMONA CHAZEN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DE PAOLA	TRUSTEE	1.00	Director	$0	$0	$0
RACHELLE DANG	TRUSTEE	1.00	Director	$0	$0	$0
MARCIA DOCTER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DWECK	TRUSTEE	2.00	Director	$0	$0	$0
ALEXANDER HANKIN	TRUSTEE	1.00	Director	$0	$0	$0
LUAM MELAKE	TRUSTEE	1.00	Director	$0	$0	$0
MARSY MITTLEMANN	TRUSTEE	1.00	Director	$0	$0	$0
CHERYL R RILEY	TRUSTEE	1.00	Director	$0	$0	$0
KLARA SILVERSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA SUN	TRUSTEE	1.00	Director	$0	$0	$0
MALINI SHAH	EX OFFICIO	1.00	Director	$0	$0	$0
TIMOTHY RODGERS	EXECUTIVE DIRECTOR	35.00	Officer	$383,250	$37,930	$421,180
DENISE LEWIS	CHIEF FINANCIAL OFFICER	35.00	Officer	$182,994	$22,475	$205,469
BENJAMIN STRAUSS	DEPUTY DIR INSTITUTIONAL ADVANCEMENT	35.00	Key Emp	$181,346	$19,010	$200,356
ELISSA AUTHER	CHIEF CURATOR	35.00	Key Emp	$177,594	$20,605	$198,199
WENDI PARSON	DEPUTY DIR COMMUNICATIONS/MARKETING	35.00	Key Emp	$157,571	$17,004	$174,575
STEPHANIE LANG	VICE PRESIDENT OF SPECIAL EVENTS	35.00	Highest	$136,451	$19,677	$156,128
MIYEON CORNELL	CONTROLLER	35.00	Highest	$126,130	$5,293	$131,423
LYDIA BRAWNER	DEPUTY DIRECTOR OF EDUCATION	35.00	Highest	$107,987	$23,159	$131,146
SATHYA BALAKUMAR	DIRECTOR OF MERCHANDISING	35.00	Highest	$106,464	$4,350	$110,814
WILLOW HOLDORF	DIRECTOR OF EXHIBITIONS/COLLECTIONS	35.00	Highest	$100,028	$16,659	$116,687

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
2024	No data	No data	No data	No data
2023	$12,286,366	$13,704,797	$94,648,575	$-1,418,431
2022	$11,558,619	$13,983,312	$91,835,087	$-2,424,693
2021	$12,680,439	$13,129,829	$100,702,289	$-449,390
2020	$13,892,256	$12,800,873	$98,387,067	$1,091,383
2019	$22,570,509	$14,054,780	$94,967,672	$8,515,729
2018	$11,664,572	$12,803,627	$84,477,914	$-1,139,055

MUSEUM OF ARTS AND DESIGN