SOLOMON R GUGGENHEIM FOUNDATION (EIN 135562233) - 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

1937

Legal Domicile

Principal Officer

MARTINE WESTERMANN

Phone

2123604216

Tax Period

2024-01-01 to 2024-12-31

SOLOMON R GUGGENHEIM FOUNDATION, founded in 1937, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $88.2M in total revenue in fiscal year 2024. Expenses of $84.9M left a modest 4% surplus.

Mission

COMMITTED TO INNOVATION, THE SOLOMON R. GUGGENHEIM FOUNDATION COLLECTS, (CONTINUED ON SCHEDULE O)

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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 $40,080,599

Program Service Revenue $34,459,412

Investment Income $10,969,130

Other Revenue $2,691,221

TOTAL REVENUE $88,200,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,925,270

Fundraising Expenses $6,132,990

Program Expenses $56,376,138

Other Expenses $41,823,588

TOTAL EXPENSES $84,882,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,200,362	$82,597,103	+0.1%
Expenses	$84,882,538	$83,025,584	+0.0%
Net Income	$3,317,824	$-428,481	-8.7%

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

588

Volunteers

N/A

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

$2,121,991

Total Directors

$946,303

Key Employees

$807,471

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTINE WESTERMANN	DIRECTOR/CEO	40.00	Officer Director	$663,303	$283,000	$946,303
JON IMANOL AZUA	TRUSTEE	2.00	Director	$0	$0	$0
LISA BAKER	TRUSTEE	2.00	Director	$0	$0	$0
ABIGAIL WILLIAMS BARATTA	TRUSTEE	5.00	Director	$0	$0	$0
CINDY CHUA-TAY	TRUSTEE	2.00	Director	$0	$0	$0
PAUL CRONSON	TRUSTEE	2.00	Director	$0	$0	$0
DIMITRIS DASKALOPOULOS	TRUSTEE/VICE-PRESIDENT (THRU 09/24)	5.00	Officer Director	$0	$0	$0
CHARLES M DIKER	TRUSTEE/VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMAS R ELLIS	TRUSTEE/VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
GAIL MAY ENGELBERG	TRUSTEE	5.00	Director	$0	$0	$0
WENDY FISHER	TRUSTEE/PRESIDENT	8.00	Officer Director	$0	$0	$0
ANDREW GUNDLACH	TRUSTEE	2.00	Director	$0	$0	$0
J TOMILSON HILL	TRUSTEE/CHAIR	8.00	Officer Director	$0	$0	$0
FRANCESCA LAVAZZA	TRUSTEE	2.00	Director	$0	$0	$0
PETER LAWSON-JOHNSTON	TRUSTEE/HONORARY CHAIR	2.00	Officer Director	$0	$0	$0
PETER LAWSON-JOHNSTON II	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM L MACK	TRUSTEE/CHAIR EMERITUS	5.00	Director	$0	$0	$0
WENDY L-J MCNEIL	TRUSTEE/VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
MITCHELL MORGAN	TRUSTEE	2.00	Director	$0	$0	$0
CLAUDIA RANKINE	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN ROBERT	TRUSTEE/TREASURER	5.00	Officer Director	$0	$0	$0
BRIAN ROBINSON	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL SALLICK	TRUSTEE (AS OF 12/24)	2.00	Director	$0	$0	$0
HARVEY M SCHWARTZ	TRUSTEE	2.00	Director	$0	$0	$0
SAMIRA SINE	TRUSTEE (AS OF 12/24)	2.00	Director	$0	$0	$0
BARBARA SLIFKA	TRUSTEE	1.00	Director	$0	$0	$0
MARK R WALTER	TRUSTEE	1.00	Director	$0	$0	$0
FRANK YU	TRUSTEE	2.00	Director	$0	$0	$0
SARAH G AUSTRIAN	DEP DIR, GEN COUNSEL & SEC.	40.00	Officer	$472,290	$42,335	$514,625
MARTHA WITHINGTON	DEP DIR, CFO AND INTERIM COO	40.00	Officer	$472,656	$60,681	$533,337
DANA WALLACH JONES	ASST GEN COUNSEL/ASST SECRETARY	24.00	Officer	$121,644	$6,082	$127,726
KAROLE VAIL	DIR, PEGGY GUGGENHEIM COLLECTION	40.00	Key Emp	$243,531	$105,603	$349,134
NAOMI BECKWITH	DEP DIR & STOCKMAN CHIEF CURATOR	40.00	Key Emp	$412,922	$45,415	$458,337
RONNI WEINSTEIN	ASSOCIATE GENERAL COUNSEL	40.00	Highest	$222,574	$29,649	$252,223
COLETTE CHESTNUT	CONTROLLER	40.00	Highest	$222,282	$24,026	$246,308
PATRICIA A JEFFERS	DEP DIR/CHIEF HR OFFICER(THRU 08/24)	40.00	Highest	$203,261	$18,150	$221,411
TY WOODFOLK - DEP DIRCHIEF	CULTURE & INCL. OFFICER (THRU 08/24)	40.00	Highest	$262,818	$16,888	$279,706
CYRA LEVENSON	DEP DIR&ENGELBERG DIR EDUC&PUB ENG	40.00	Highest	$246,337	$50,178	$296,515
RICHARD ARMSTRONG	DIRECTOR EMERITUS	0.00		$737,425	$0	$737,425

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	$88,200,362	$84,882,538	$230,239,605	$3,317,824
2023	$82,597,103	$83,025,584	$220,937,957	$-428,481
2022	$75,933,810	$71,157,329	$232,151,018	$4,776,481
2021	$73,166,662	$62,035,535	$240,294,871	$11,131,127
2020	$52,810,956	$61,245,642	$236,296,508	$-8,434,686
2019	$84,620,075	$71,125,882	$211,321,255	$13,494,193
2018	$77,177,197	$74,554,415	$166,863,549	$2,622,782

SOLOMON R GUGGENHEIM FOUNDATION