THE FARMERS MUSEUM INC (EIN 150547367) - 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

1941

Legal Domicile

Principal Officer

PAUL D'AMBROSIO

Phone

2129776900

Tax Period

2023-01-01 to 2023-12-31

THE FARMERS MUSEUM INC, founded in 1941, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 99% operating deficit.

Mission

CULTIVATING AN UNDERSTANDING OF THE RURAL HERITAGE THAT HAS SHAPED AMERICAN CULTURE.

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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 $775,351

Program Service Revenue $899,673

Investment Income $1,000,393

Other Revenue $0

TOTAL REVENUE $2,675,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,580,143

Fundraising Expenses $0

Program Expenses $1,392,093

Other Expenses $2,732,587

TOTAL EXPENSES $5,312,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,675,417	$10,632,880	-0.7%
Expenses	$5,312,730	$4,717,814	+0.1%
Net Income	$-2,637,313	$5,915,066	-1.4%

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

142

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

$681,925

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANE FORBES CLARK	DIRECTOR, CHAIRMAN	0.10	Officer Director	$0	$0	$0
KEVIN MOORE	DIRECTOR	0.10	Director	$0	$0	$0
GATES HAWN	DIRECTOR	0.10	Director	$0	$0	$0
HENRY WEIL	DIRECTOR	0.10	Director	$0	$0	$0
DAVID BLISS	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL MOFFAT	DIRECTOR VICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
JOHN F LAMBERT	DIRECTOR	0.10	Director	$0	$0	$0
STEPHEN M DUFF	DIRECTOR	0.10	Director	$0	$0	$0
JOSH KILMER-PURCELL	DIRECTOR	0.10	Director	$0	$0	$0
BRENT RIDGE	DIRECTOR	0.10	Director	$0	$0	$0
DOUGLAS THOMPSON	DIRECTOR	0.10	Director	$0	$0	$0
JEFFREY H PRESSMAN	DIRECTOR	0.10	Director	$0	$0	$0
JAMES PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
PAUL D'AMBROSIO	PRESIDENT	20.00	Officer	$209,476	$39,376	$458,227
JOSEPH SIRACUSA	VICE PRESIDENT	20.00	Officer	$102,233	$19,418	$223,698
ANTHONY J FASANO	TREASURER	0.10	Officer	$0	$0	$0
ANDREW MARIETTA	SECRETARY	0.10	Officer	$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
2024	No data	No data	No data	No data
2023	$2,675,417	$5,312,730	$75,807,776	$-2,637,313
2022	$10,632,880	$4,717,814	$73,312,868	$5,915,066
2021	$4,849,865	$3,827,252	$82,300,614	$1,022,613
2020	$4,001,950	$3,667,491	$74,921,168	$334,459
2019	$3,083,567	$4,638,929	$73,116,055	$-1,555,362
2018	$6,157,538	$4,719,931	$66,445,706	$1,437,607

THE FARMERS MUSEUM INC