MUSEUM ASSOCIATION OF NEW YORK (EIN 161156434) - 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

1962

Legal Domicile

Phone

5182733400

Tax Period

2024-01-01 to 2024-12-31

MUSEUM ASSOCIATION OF NEW YORK, founded in 1962, is a small nonprofit in the Arts, Culture & Humanities sector that reported $773K in total revenue in fiscal year 2024. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

MANY ensures that New York State museums operate at their full potential as economic drivers and essential components of their communities.

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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 $592,663

Program Service Revenue $160,816

Investment Income $0

Other Revenue $19,507

TOTAL REVENUE $772,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $320,302

Fundraising Expenses $19,890

Program Expenses $634,159

Other Expenses $461,445

TOTAL EXPENSES $781,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$772,986	$508,484	+0.5%
Expenses	$781,747	$554,456	+0.4%
Net Income	$-8,761	$-45,972	-0.8%

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

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

$105,883

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA MCDANIEL	EXEC DIR (PART)	40.00	Officer	$68,077	$0	$68,077
ERIKA SANGER	Exec Dir.(PART)	40.00	Officer	$33,148	$4,658	$37,806
ELIZA BENINGTON	Vice President	4.00	Officer Director	$0	$0	$0
JOSHUA RUFF	Secretary	4.00	Officer Director	$0	$0	$0
TERRY ALFORD	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA HARDEN	BOARD MEMBER	2.00	Director	$0	$0	$0
NEAL HITCH	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL GALBAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CLIFF LAUBE	BOARD MEMBER	2.00	Director	$0	$0	$0
BETH ANN BALALAOS	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMANTHA HALL-SALADINO	BOARD MEMBER	2.00	Director	$0	$0	$0
THEODORE K JOHNSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SOPHIE LO	BOARD MEMBER	2.00	Director	$0	$0	$0
NICK MARTINEZ	Vice President	2.00	Director	$0	$0	$0
VICTORIA REISMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
DAISY RODRIGUEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGETTE GRIER-KEY	President	4.00	Officer Director	$0	$0	$0
CLAIRE KOVACS	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE SCHEWCUK	Secretary	2.00	Director	$0	$0	$0
MELINDA MCTAGGART	BOARD MEMBER	2.00	Director	$0	$0	$0
EMILY MARTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MASHA TURCHINSKY	BOARD MEMBER	2.00	Director	$0	$0	$0
BECKY WEHLE	Treasurer	4.00	Officer Director	$0	$0	$0
NATALIE STETSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KAITLYN FALK WONG	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW J SALUTI	BOARD MEMBER	2.00	Director	$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	$772,986	$781,747	$254,161	$-8,761
2023	$508,484	$554,456	$307,582	$-45,972
2022	$1,185,803	$1,166,439	$341,393	$19,364
2021	$549,484	$521,332	$262,700	$28,152
2020	$525,878	$581,671	$236,691	$-55,793
2019	$347,349	$355,604	$47,056	$-8,255
2018	$276,862	$283,530	$38,684	$-6,668

MUSEUM ASSOCIATION OF NEW YORK