THE MONTCLAIR ART MUSEUM (EIN 221487582) - 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

1914

Legal Domicile

Principal Officer

IRA WAGNER

Phone

9737465555

Tax Period

2024-07-01 to 2025-06-30

THE MONTCLAIR ART MUSEUM, founded in 1914, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2024. Expenses of $6.1M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MONTCLAIR ART MUSEUM, TOGETHER WITH ITS VANCE WALL ART EDUCATION CENTER, ENGAGES ITS DIVERSE COMMUNITY THROUGH DISTINCTIVE EXHIBITIONS, EDUCATIONAL PROGRAMS, AND COLLECTIONS OF AMERICAN AND NATIVE AMERICAN ART. ITS MISSION IS TO INSPIRE AND ENGAGE PEOPLE OF ALL AGES IN THEIR EXPERIENCE WITH ART, INCLUDING THE RICH INTER-CULTURAL AND GLOBAL CONNECTIONS THROUGHOUT AMERICAN HISTORY, AND THE CONTINUING RELEVANCE OF ART TO CONTEMPORARY LIFE.

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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 $2,173,424

Program Service Revenue $1,057,125

Investment Income $1,242,449

Other Revenue $174,999

TOTAL REVENUE $4,647,997

Expense Breakdown

Grants Paid $26,010

Salaries & Benefits $3,335,647

Fundraising Expenses $598,264

Program Expenses $5,028,837

Other Expenses $2,743,734

TOTAL EXPENSES $6,105,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,647,997	$4,433,875	+0.0%
Expenses	$6,105,391	$5,928,160	+0.0%
Net Income	$-1,457,394	$-1,494,285	0.0%

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

153

Volunteers

208

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

$134,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE JAMES	PRESIDENT	6.00	Officer Director	$0	$0	$0
FRANK J WALTER III	CHAIRMAN	6.00	Officer Director	$0	$0	$0
NEWTON B SCHOTT JR	VICE CHAIR & SECRETARY	5.00	Officer Director	$0	$0	$0
JOAN ZIEF	TREASURER	4.00	Officer Director	$0	$0	$0
SUSAN BRADY ABADAN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
LISA AMATO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LINDER K ANDLINGER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ALEXIS O DAVIS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LYNN GLASSER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ARTHUR HATZOPOULOS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL HENINGBURG JR	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DEBORAH HIRSCH	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
WILLIAM S JIGGETTS	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
JANICE LINAUGH	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GRETCHEN PRATER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LYN B REITER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
LISA C RUSSMAN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ANN SCHAFFER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
CHERYL SLUTZKY	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
SHARON C TAYLOR	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT L TORTORIELLO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
VALERIE J ABLAZA MD	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA BEEKERS-UBEROI	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER BENJAMIN	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN V BERSHAD MD	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BLAKE	TRUSTEE	1.00	Director	$0	$0	$0
KIMBERLY Y CHAINEY	TRUSTEE	1.00	Director	$0	$0	$0
SYLVIA COHN	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN COLE	TRUSTEE	1.00	Director	$0	$0	$0
CYNTHIA CORHAN-AITKEN	TRUSTEE	1.00	Director	$0	$0	$0
ED GREGORY	TRUSTEE	1.00	Director	$0	$0	$0
ROSANNE GUARARRA	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN KOPPELL	TRUSTEE	1.00	Director	$0	$0	$0
WENDY LACEY	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LEITNER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER T LEY	TRUSTEE	1.00	Director	$0	$0	$0
LANA MASOR	TRUSTEE	1.00	Director	$0	$0	$0
MACI PHILITAS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD E POLTON	TRUSTEE	1.00	Director	$0	$0	$0
AMY PUTMAN	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS W TURNBULL	TRUSTEE	1.00	Director	$0	$0	$0
IRA WAGNER	EXECUTIVE DIRECTOR	39.00	Officer	$119,084	$15,495	$134,579

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	$4,647,997	$6,105,391	$21,279,769	$-1,457,394
2024	$4,433,875	$5,928,160	$22,810,509	$-1,494,285
2023	$5,636,363	$5,539,794	$24,220,081	$96,569
2022	$7,870,896	$5,163,160	$23,752,572	$2,707,736
2021	$4,556,751	$4,558,598	$24,035,266	$-1,847
2020	$4,067,537	$4,526,435	$23,018,765	$-458,898
2019	$4,309,848	$4,929,747	$23,256,331	$-619,899

THE MONTCLAIR ART MUSEUM