RUBIN MUSEUM OF ART AKA THE SHELLEY & DONALD RUBIN CULTURAL TRUST (EIN 226799567) - 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

1999

Legal Domicile

Principal Officer

JORRIT BRITSCHGI

Phone

2126205000

Tax Period

2023-01-01 to 2023-12-31

RUBIN MUSEUM OF ART AKA THE SHELLEY & DONALD RUBIN CULTURAL TRUST, founded in 1999, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $11.7M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $15.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE RUBIN MUSEUM OF ART IS A DYNAMIC ENVIRONMENT THAT STIMULATES LEARNING, PROMOTES UNDERSTANDING, AND INSPIRES PERSONAL CONNECTIONS TO THE IDEAS, CULTURES, AND ART OF HIMALAYAN ASIA.

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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 $2,998,046

Program Service Revenue $583,002

Investment Income $6,954,832

Other Revenue $1,159,181

TOTAL REVENUE $11,695,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,221,937

Fundraising Expenses $1,055,776

Program Expenses $9,441,053

Other Expenses $8,732,427

TOTAL EXPENSES $14,996,364

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,695,061	$8,159,235	+0.4%
Expenses	$14,996,364	$14,038,727	+0.1%
Net Income	$-3,301,303	$-5,879,492	-0.4%

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

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

$365,381

Total Directors

Key Employees

$321,099

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY RUBIN	CHAIR	3.00	Officer Director	$0	$0	$0
NOAH P DORSKY	BOARD PRESIDENT	3.00	Officer Director	$0	$0	$0
JORRIT BRITSCHGI	SECRETARY/EXEC. DIRECTOR (SEE P VII)	40.00	Officer	$0	$0	$0
ROBERT M BAYLIS	TRUSTEE	3.00	Director	$0	$0	$0
CHRISTOPHER J FUSSNER	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT GRINSELL	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCCORMICK	TRUSTEE	1.00	Director	$0	$0	$0
TONG-TONG ZHU	TRUSTEE	1.00	Director	$0	$0	$0
BASHA FROST RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
NAMITA SARAF	TRUSTEE	1.00	Director	$0	$0	$0
ERIC SCHOENBERG	TRUSTEE	1.00	Director	$0	$0	$0
EILEEN CAULFIELD SCHWAB	TRUSTEE	1.00	Director	$0	$0	$0
TSHERIN SHERPA	TRUSTEE	1.00	Director	$0	$0	$0
JESSE SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MARILENA CHRISTODOULOU	DEPUTY EXEC. DIR./CFO	40.00	Officer	$295,554	$69,827	$365,381
TIMOTHY MCHENRY	DEPUTY EXECUTIVE DIR./CHIEF PROGRAMMATIC OFFICER	40.00	Key Emp	$254,696	$66,403	$321,099
MICHELLE B SIMORELLA	DIR. OF CURATORIAL ADMIN.	40.00	Highest	$182,034	$55,562	$237,596
DONNA LEE KELLY	DIR. OF DEVELOPMENT	40.00	Highest	$183,359	$49,472	$232,831
ELKE C DEHNER	DIR. OF MARKETING & COMMUNICATIONS	40.00	Highest	$176,794	$49,347	$226,141
JAMIE LAWYER	DIR. OF VISITOR EXPERIENCE/ INTERPRETATION	40.00	Highest	$167,115	$43,602	$210,717
HAZEL P KING	HEAD OF HUMAN RESOURCES	40.00	Highest	$125,089	$46,002	$171,091

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	$11,695,061	$14,996,364	$194,212,082	$-3,301,303
2022	$8,159,235	$14,038,727	$177,744,762	$-5,879,492
2021	$20,862,684	$11,560,892	$219,341,965	$9,301,792
2020	$10,541,483	$11,601,464	$203,403,546	$-1,059,981
2019	$11,154,700	$15,718,098	$187,436,481	$-4,563,398
2018	$13,232,639	$15,635,144	$169,132,100	$-2,402,505

RUBIN MUSEUM OF ART AKA THE SHELLEY & DONALD RUBIN CULTURAL TRUST