MORRISTOWN, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE MORRIS MUSEUM INC, founded in 1913, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 59% operating deficit.
VISION: THE MORRIS MUSEUM IS THE REGION'S PREMIER ENGINE OF CURIOSITY AND WONDERMENT. MISSION: THE MORRIS MUSEUM ENRICHES LIVES WITH EXEMPLARY EXHIBITIONS AND PERFORMANCES OF ART, DESIGN, AND SCIENCE. SEE STATEMENT ATTACHED ON SCHEDULE O.
EXHIBITIONS AND EDUCATION:FOR COMPLETE PROGRAM PROFILE AND IMPACT, SEE THE MUSEUM'S ANNUAL REPORTS ON ITS WEBSITE: WWW.MORRISMUSEUM.ORG/OUR-TEAMFY2025 WAS A PIVOTAL PERIOD OF CURATORIAL EXCELLENCE...
EXHIBITIONS AND EDUCATION:FOR COMPLETE PROGRAM PROFILE AND IMPACT, SEE THE MUSEUM'S ANNUAL REPORTS ON ITS WEBSITE: WWW.MORRISMUSEUM.ORG/OUR-TEAMFY2025 WAS A PIVOTAL PERIOD OF CURATORIAL EXCELLENCE AND PROGRAMMATIC GROWTH. ARTISTS OF INTERNATIONAL STANDING AND REGIONAL ROOTS PRESENTED THEIR WORK, MANY OF WHOM WERE WORKING WITH THE MUSEUM FOR THE FIRST TIME. IT PRESENTED 24 SPECIAL EXHIBITIONS AND INSTALLATIONS.SEE STATEMENT ATTACHED ON SCHEDULE O.EXHIBITIONS AND EDUCATION:FOR COMPLETE PROGRAM PROFILE AND IMPACT, SEE THE MUSEUM'S ANNUAL REPORTS ON ITS WEBSITE: WWW.MORRISMUSEUM.ORG/OUR-TEAMTHE MUSEUM PRESENTS OVER 20 SPECIAL EXHIBITIONS AND COLLECTION INSTALLATIONS EACH YEAR AND PUBLISHES CATALOGS FOR THESE PROJECTS FROM TIME TO TIME. RECENT OFFERINGS RANGED FROM A SHOWCASE OF CONTEMPORARY SCULPTURE MADE IN NJ TO A MID-CAREER RETROSPECTIVE OF JAMES PROSEK AND A MAJOR SURVEY OF THE WORKS OF 20TH CENTURY PAINTER SALLY MICHEL. THE 45,000+ COLLECTIONS THE MUSEUM HOLDS IN THE PUBLIC TRUST INCLUDE OBJECTS OF ART, DESIGN, GLOBAL MATERIAL CULTURE, AND NATURAL SCIENCE (MINERALS, FOSSILS, AND BIOLOGICAL SPECIMENS).THE MUSEUM'S EDUCATION PROGRAM EMPHASIZES GROUP VISITS OF K-12 STUDENTS YET ALSO INCLUDES ART CLASSES, COLLEGE AND GRADUATE-LEVEL INTERNSHIPS, TWO ENTHUSIAST-LED SOCIETIES (ASTRONOMICAL AND MINERALOGICAL), ADULT AND LIFELONG-LEARNING TOURS, FAMILY FESTIVALS, AND THE CREATIVE PLAY EXPERIENCE SPARK!LAB.FY2025 WAS A PIVOTAL PERIOD OF CURATORIAL EXCELLENCE AND PROGRAMMATIC GROWTH. ARTISTS OF INTERNATIONAL STANDING AND REGIONAL ROOTS PRESENTED THEIR WORK, MANY OF WHOM WERE WORKING WITH THE MUSEUM FOR THE FIRST TIME. IT PRESENTED 24 SPECIAL EXHIBITIONS AND INSTALLATIONS.IN TANDEM WITH THIS EFFORT, THE STAFF FOUND CREATIVE AND THOUGHTFUL OPPORTUNITIES TO FEATURE OBJECTS FROM THE 45,000+ COLLECTION WITHIN CONTEMPORARY PROJECTS. REFRESHING THE MAIN GALLERY BROUGHT THE SPACE TO A HIGHER AESTHETIC BEFITTING THE CALIBER OF THE EXHIBITING ARTISTS; SIMILAR UPGRADES HAVE MADE THE GUINNESS WORKSHOP AREA READY TO HOST FOCUSED PROJECTS. THERE WERE NOTABLE COLLECTION ACQUISITIONS, THE INCLUSION OF 38 COLLECTION ITEMS ON VIEW IN OUR CONTEMPORARY SHOWS, AND 41 LENDERS PROPELLING OUR EXHIBITION OFFERINGS. PUBLIC PROGRAMMING IN CONJUNCTION WITH THESE EXHIBITIONS GENERATED ADDITIONAL ENGAGEMENT.CONTINUING ITS 112-YEAR COMMITMENT TO EDUCATION WITH A DYNAMIC AND MULTIFACETED APPROACH, EDUCATION PROGRAMS AT THE MUSEUM SERVED A WIDE RANGE OF AUDIENCES FROM YOUNG CHILDREN AND FAMILIES TO HIGH SCHOOL/COLLEGE/GRADUATE STUDENTS AND OLDER ADULTS. SOME OF THESE PROGRAMS WERE NEW INITIATIVES WITHIN TOUR PROGRAMS, FESTIVALS, AND PROFESSIONAL MENTORSHIP. THE MUSEUM HOSTED 83 GROUP VISITS INCLUDING K-12 STUDENTS FROM 69 INSTITUTIONS FROM ACROSS NORTHERN AND CENTRAL NJ. OUR SMITHSONIAN SPARK!LAB WELCOMED 19,857 VISITS IN THE PERIOD.
PERFORMING ARTS:PERFORMANCES BY GRAMMY-WINNING ARTISTS AND RENOWN DANCE TROUPES DELIGHT AUDIENCES AT THE MORRIS MUSEUM, WHETHER PRESENTED IN THE 312-SEAT BICKFORD THEATRE, ELSEWHERE IN THE BUILDING...
PERFORMING ARTS:PERFORMANCES BY GRAMMY-WINNING ARTISTS AND RENOWN DANCE TROUPES DELIGHT AUDIENCES AT THE MORRIS MUSEUM, WHETHER PRESENTED IN THE 312-SEAT BICKFORD THEATRE, ELSEWHERE IN THE BUILDING, OR OUTSIDE. THE FY2025 SEASON OFFERED A DYNAMIC RANGE OF EXPERIENCES IN 25 INDOOR PERFORMANCES, 13 FILM SCREENINGS, A VARIETY OF PUBLIC PROGRAMS, AND 13 OUTDOOR CONCERTS. COLLABORATIVE EVENTS WITH NJ PBS AFFILIATE, ART IN THE ATRIUM, FARLIEGH DICKINGSON UNIVERSITY, AND OTHER PARTNERS WERE ALSO ACTIVATED WITHIN OUR SPACES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,523,247 | $3,145,103 | -0.2% |
| Expenses | $4,005,122 | $3,256,408 | +0.2% |
| Net Income | $-1,481,875 | $-111,305 | +12.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| THOMAS LOUGHMAN | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$230,979 | $16,518 | $247,497 |
| EDWARD VON DER LINDE | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NELSON SCHAENEN JR | FIRST VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARSHA BALDINGER | SECOND VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARRY JARUZELSKI | THIRD VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARREN SCHULMAN | ASST. TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGIE WANG | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD A WATSON ESQ | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATT MIGNON | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDRA BRAUNSTEIN MD | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT LEONARD ESQ | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| FRANK CESARO | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD NOLAN JR ESQ | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ERIC HART | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE D TAYLOR PHD | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MELANIE LEVITAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| WAQAS WAJAHAT | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,523,247 | $4,005,122 | $14,080,989 | $-1,481,875 |
| 2024 | $3,145,103 | $3,256,408 | $14,980,303 | $-111,305 |
| 2023 | $2,333,845 | $2,909,024 | $15,522,600 | $-575,179 |
| 2022 | $2,451,099 | $2,908,135 | $15,911,443 | $-457,036 |
| 2021 | $3,445,749 | $2,450,876 | $16,716,889 | $994,873 |
| 2020 | $1,846,897 | $2,950,510 | $15,623,461 | $-1,103,613 |
| 2019 | $3,122,450 | $3,000,376 | $16,716,122 | $122,074 |
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