FRENCH AMERICAN MUSEUM EXCHANGE INC

EIN: 204343950 501(c)(3) Arts, Culture & Humanities

ESSEX, CT

Total Revenue
$402,616
Total Expenses
$481,907
Total Assets
$2,207,866
Net Assets
$1,812,840
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
DE
Principal Officer
MARGUERITE QUIGLEY
Phone
8605818609
Tax Period
2024-01-01 to 2024-12-31

FRENCH AMERICAN MUSEUM EXCHANGE INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $403K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $482K exceeded revenue, resulting in a 20% operating deficit.

Mission

FRAME IS A COALITION OF 29 ART MUSEUMS DEDICATED TO PROMOTING FRENCH- AMERICAN COOPERATION IN THE CULTURAL ARENA CONCERNING MUSEUMS, THEIR COLLECTIONS, AND THEIR PROFESSIONAL STAFFS. IT FOSTERS PARTNERSHIPS, PROJECTS AND EXCHANGES OF INFORMATION, PERSONNEL, TECHNOLOGY AND RESOURCES. THE PROJECTS ARE BASED ON THE RESOURCES OF THE MUSEUMS AND RANGE FROM A SHARED WEBSITE TO JOINT EXHIBITIONS AND PUBLICATIONS. THEY SERVE THE CULTURAL NEEDS OF EACH COUNTRY AND EDUCATE A CONSTITUENCY OF GREAT SIZE, BREADTH AND DISTRIBUTION.

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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 $339,909
Program Service Revenue $0
Investment Income $72,452
Other Revenue $-9,745
TOTAL REVENUE $402,616

Expense Breakdown

Grants Paid $30,206
Salaries & Benefits $259,620
Fundraising Expenses $14,773
Program Expenses $351,831
Other Expenses $192,081
TOTAL EXPENSES $481,907

Year-over-Year Comparison

2024 2023 Change
Revenue $402,616 $474,319 -0.2%
Expenses $481,907 $565,800 -0.1%
Net Income $-79,291 $-91,481 -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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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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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
27
Independent Members
27
Employees
1
Volunteers
49

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
10
$162,875
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BEEKMAN CO-PRESIDENT 4.00
Officer Director
$0 $0 $0
CHRISTELLE CREFF CO-PRESIDENT 4.00
Officer Director
$0 $0 $0
DAVIN STAATS TREASURER 4.00
Officer Director
$0 $0 $0
RONNA TULGAN OSTHEIMER SECRETARY 4.00
Officer Director
$0 $0 $0
PAUL LANG PROGRAM ADVI 2.00
Officer Director
$0 $0 $0
SUSAN TALBOTT PROGRAM ADVI 2.00
Officer Director
$0 $0 $0
AURELIE ALBAJAR MEMBER AT LA 2.00
Officer Director
$0 $0 $0
RICHARD DAGORNE MEMBER AT LA 2.00
Director
$0 $0 $0
CHRISTOPH HEINRICH MEMBER AT LA 2.00
Director
$0 $0 $0
ANNICK LEMOINE MEMBER AT LA 2.00
Director
$0 $0 $0
KATIE LUBER MEMBER AT LA 2.00
Director
$0 $0 $0
NICHOLAS MISERY MEMBER AT LA 2.00
Director
$0 $0 $0
GARY TINTEROW MEMBER AT LA 2.00
Director
$0 $0 $0
AURELIE VOLTZ MEMBER AT LA 2.00
Director
$0 $0 $0
JULIAN ZUGAZAGOITIA MEMBER AT LA 2.00
Director
$0 $0 $0
CONSTANCE GOODYEAR BARON PHILANTHROPI 1.00
Director
$0 $0 $0
JOY DINSDALE PHILANTHROPI 1.00
Director
$0 $0 $0
ALVA GREENBERG PHILANTHROPI 1.00
Director
$0 $0 $0
ROBERT LEVINE PHILANTHROPI 1.00
Director
$0 $0 $0
HANS MILLER PHILANTHROPI 1.00
Director
$0 $0 $0
SAMUEL SEYMOUR PHILANTHROPI 1.00
Director
$0 $0 $0
DOROTHY STAPLETON PHILANTHROPI 1.00
Director
$0 $0 $0
MARY WOLF PHILANTHROPI 1.00
Director
$0 $0 $0
GARY WOLFF PHILANTHROPI 1.00
Director
$0 $0 $0
MARIE-CHRISTINE LABOURDETTE HONORARY DIR 1.00
Director
$0 $0 $0
PHILIPPE DE MONTEBELLO HONORARY DIR 1.00
Director
$0 $0 $0
PIERRE ROSENBERG HONORARY DIR 1.00
Director
$0 $0 $0
EMILIE VANHAESEBROUCKE EXEC DIRECTO 40.00
Officer
$60,692 $0 $60,692
MICHELLE KINNICK CHIEF ACCOUN N/A
Officer
$0 $0 $0
MARGUERITE QUIGLEY EXEC DIRECTO 40.00
Officer
$102,183 $0 $102,183
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 $402,616 $481,907 $2,207,866 $-79,291
2023 $474,319 $565,800 $2,084,403 $-91,481
2022 $423,492 $483,780 $1,947,530 $-60,288
2021 $518,844 $341,977 $2,291,707 $176,867
2020 $385,887 $335,062 $1,963,890 $50,825
2019 $411,805 $401,063 $1,771,209 $10,742
2018 $347,583 $356,957 $1,604,806 $-9,374
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