MUSEUM OF INNOVATION AND SCIENCE

EIN: 141275432 501(c)(3) Arts, Culture & Humanities

SCHENECTADY, NY

Total Revenue
$1,068,485
Total Expenses
$1,486,714
Total Assets
$4,070,672
Net Assets
$3,906,105
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
NY
Principal Officer
CHRIS HUNTER
Phone
5183827890
Tax Period
2024-07-01 to 2025-06-30

MUSEUM OF INNOVATION AND SCIENCE, founded in 1934, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.5M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO MAINTAIN A SCIENCE AND TECHNOLOGY MUSEUM WHERE ALL OF OUR EXHIBITS, PROGRAMS, AND EVENTS ARE DESIGNED WITH OUR MISSION IN MIND: TO INSPIRE A SENSE OF WONDER ABOUT EXTRAORDINARY SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENTS: 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $409,392
Program Service Revenue $575,310
Investment Income $31,036
Other Revenue $52,747
TOTAL REVENUE $1,068,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $817,905
Fundraising Expenses $114,214
Program Expenses $893,218
Other Expenses $668,809
TOTAL EXPENSES $1,486,714

Year-over-Year Comparison

2024 2023 Change
Revenue $1,068,485 $1,290,199 -0.2%
Expenses $1,486,714 $1,779,351 -0.2%
Net Income $-418,229 $-489,152 -0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
22
Volunteers
10

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
6
$197,147
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM FAUBION CHAIR 1.00
Officer Director
$0 $0 $0
MICHELLE BENNETT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAUL HOUPT PHD SECRETARY 1.00
Officer Director
$0 $0 $0
TODD ALHART TREASURER 1.00
Officer Director
$0 $0 $0
MARSHALL G JONES PHD TRUSTEE 1.00
Director
$0 $0 $0
BRADLEY G LEWIS PHD TRUSTEE 1.00
Director
$0 $0 $0
TATE OTTATI TRUSTEE 1.00
Director
$0 $0 $0
TERRA JOY TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM SWEET TRUSTEE 1.00
Director
$0 $0 $0
CAMEO ROWE JR TRUSTEE 1.00
Director
$0 $0 $0
CHRIS HUNTER PRESIDENT (START DEC 2024) 40.00
Officer
$54,525 $4,248 $58,773
GINA GOULD PRESIDENT (THRU DEC 2024) 40.00
Officer
$105,750 $32,624 $138,374
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 $1,068,485 $1,486,714 $4,070,672 $-418,229
2024 $1,290,199 $1,779,351 $4,356,480 $-489,152
2023 $1,313,107 $1,701,603 $4,530,476 $-388,496
2022 $2,997,598 $1,459,489 $4,989,473 $1,538,109
2021 $1,395,125 $1,030,285 $3,531,782 $364,840
2020 $1,151,397 $1,563,632 $3,027,644 $-412,235
2019 $1,713,888 $1,670,105 $3,394,359 $43,783
2017 $1,623,785 $1,833,096 $4,041,914 $-209,311
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