STORM KING ART CENTER (EIN 141457573) - 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

1960

Legal Domicile

Principal Officer

JOHN P STERN

Phone

8455343115

Tax Period

2023-01-01 to 2023-12-31

STORM KING ART CENTER, founded in 1960, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.4M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $9.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

EXHIBIT, ACQUIRE, BORROW, AND CONSERVE MODERN AND CONTEMPORARY ART IN ITS EXPANSIVE LANDSCAPE.

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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 $4,936,173

Program Service Revenue $2,548,483

Investment Income $861,326

Other Revenue $91,406

TOTAL REVENUE $8,437,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,758,519

Fundraising Expenses $1,324,957

Program Expenses $7,432,932

Other Expenses $4,003,985

TOTAL EXPENSES $9,762,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,437,388	$13,883,979	-0.4%
Expenses	$9,762,504	$9,992,331	0.0%
Net Income	$-1,325,116	$3,891,648	-1.3%

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

117

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

$938,508

Total Directors

$368,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN P STERN	PRESIDENT	40.00	Officer Director	$359,563	$8,838	$368,401
ROBERTA DENNING	CHAIR	2.00	Officer Director	$0	$0	$0
HUME R STEYER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID DIAMOND	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTOPHER ELLIMAN	TRUSTEE	2.00	Director	$0	$0	$0
CATHY FRANK HALSTEAD	TRUSTEE	2.00	Director	$0	$0	$0
HEATHER HART	TRUSTEE	2.00	Director	$0	$0	$0
MIGUEL HENNESSY	TRUSTEE	2.00	Director	$0	$0	$0
STEPHANIE HUNT	TRUSTEE	2.00	Director	$0	$0	$0
FRANCIS KERE	TRUSTEE	2.00	Director	$0	$0	$0
DEBBY LANDESMAN	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER NAPIER NOLEN	TRUSTEE	2.00	Director	$0	$0	$0
JAMES H OTTAWAY JR	TRUSTEE	2.00	Director	$0	$0	$0
VIRGINIA OVERTON	TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS A POLSKY	TRUSTEE	2.00	Director	$0	$0	$0
RODNEY REID	TRUSTEE (THRU 09/2023)	2.00	Director	$0	$0	$0
THOMAS A RUSSO	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD J SMITH	TRUSTEE	2.00	Director	$0	$0	$0
BEATRICE STERN	TRUSTEE	2.00	Director	$0	$0	$0
LISA STERN	TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN S TREVOR	TRUSTEE (THRU 04/2023)	2.00	Director	$0	$0	$0
COURTNEY B VANCE	TRUSTEE	2.00	Director	$0	$0	$0
ADAM D WEINBERG	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN WHITE	TRUSTEE	2.00	Director	$0	$0	$0
NORA LAWRENCE	ART. DIR. / CHIEF CURATOR	40.00	Officer	$164,201	$34,726	$198,927
KELLIE HONEYCUTT	CHIEF OPERATING OFFICER	40.00	Officer	$212,912	$35,926	$248,838
DWAYNE JARVIS	ASSISTANT TREASURER	40.00	Officer	$118,729	$3,613	$122,342
CATHERINE WILLIAMS	DIR. OF DEVELOPMENT	40.00	Highest	$142,080	$4,214	$146,294
AMY WEISSER	DEP. DIR./STRATEGIC PLAN	40.00	Highest	$176,575	$34,928	$211,503
MIKE SEAMAN	DIR. FAC.& CONSERVATION	40.00	Highest	$117,429	$33,271	$150,700
DAVID COLLENS	FORMER EXEC. DIR.	0.00		$113,898	$0	$113,898

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	$8,437,388	$9,762,504	$78,277,409	$-1,325,116
2022	$13,883,979	$9,992,331	$73,822,099	$3,891,648
2021	$14,230,209	$9,258,537	$80,583,864	$4,971,672
2020	$10,244,523	$7,825,488	$74,536,739	$2,419,035
2019	$11,745,809	$8,461,531	$66,453,648	$3,284,278
2018	$23,164,170	$9,414,785	$57,393,301	$13,749,385

STORM KING ART CENTER