PHILADELPHIA MUSEUM OF ART

EIN: 231365388 501(c)(3) Arts, Culture & Humanities

PHILADELPHIA, PA

Total Revenue
$81,068,240
Total Expenses
$83,550,297
Total Assets
$1,202,554,035
Net Assets
$1,105,855,982
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1876
Legal Domicile
PA
Principal Officer
ALEXANDRA SVATAVA SUDA
Phone
2157638100
Tax Period
2023-07-01 to 2024-06-30

PHILADELPHIA MUSEUM OF ART, founded in 1876, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $81.1M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $1.1B represent 164 months of operating reserves.

Mission

THE PHILADELPHIA MUSEUM OF ART IS COMMITTED TO BEING THE CULTURAL HEART OF PHILADELPHIA. (SCH O)PMA IS A NATIONAL AND INTERNATIONAL DESTINATION FOR ART, BUT FIRST AND FOREMOST, WE ARE PHILADELPHIA'S MUSEUM FOR ALL THE MANY DIVERSE COMMUNITIES OF THE CITY. CURRENTLY, PMA IS PLANNING FOR THE NEXT ERA, EXPANDING THE IMPACT OF THE MUSEUM AS AN ARTS ORGANIZATION AND CIVIC LEADER FOR ALL PHILADELPHIANS TO EXPERIENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $46,842,886
Program Service Revenue $7,964,824
Investment Income $23,711,718
Other Revenue $2,548,812
TOTAL REVENUE $81,068,240

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,366,208
Fundraising Expenses $5,092,083
Program Expenses $64,028,667
Other Expenses $53,076,063
TOTAL EXPENSES $83,550,297

Year-over-Year Comparison

2023 2022 Change
Revenue $81,068,240 $114,413,997 -0.3%
Expenses $83,550,297 $77,863,110 +0.1%
Net Income $-2,482,057 $36,550,887 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
58
Independent Members
57
Employees
447
Volunteers
130

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
6
$1,187,257
Total Directors
70
$759,251
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDRA SVATAVA SUDA DIRECTOR AND CEO 35.00
Officer Director
$728,945 $30,306 $759,251
ELLEN T CAPLAN CHAIR 1.00
Officer Director
$0 $0 $0
OSAGIE O IMASOGIE VICE CHAIR 1.00
Officer Director
$0 $0 $0
AMACHI ACKAH TRUSTEE 1.00
Director
$0 $0 $0
MARTA ADELSON TRUSTEE 1.00
Director
$0 $0 $0
JOHN R ALCHIN TRUSTEE 1.00
Director
$0 $0 $0
DENNIS ALTER TRUSTEE 1.00
Director
$0 $0 $0
BARBARA ARONSON TRUSTEE 1.00
Director
$0 $0 $0
ANDREA M BALDECK MD TRUSTEE 1.00
Director
$0 $0 $0
SANDRA K BALDINO TRUSTEE 1.00
Director
$0 $0 $0
SHELDON M BONOVITZ TRUSTEE 1.00
Director
$0 $0 $0
IRA BRIND TRUSTEE 1.00
Director
$0 $0 $0
JULIAN BRODSKY TRUSTEE 1.00
Director
$0 $0 $0
EMILY CAVANAGH TRUSTEE 1.00
Director
$0 $0 $0
KEMEL DAWKINS TRUSTEE 1.00
Director
$0 $0 $0
ROMULO L DIAZ JR TRUSTEE 1.00
Director
$0 $0 $0
H RICHARD DIETRICH III TRUSTEE 1.00
Director
$0 $0 $0
MARLENE S DOONER TRUSTEE 1.00
Director
$0 $0 $0
HOPE D'OYLEY-GAY TRUSTEE 1.00
Director
$0 $0 $0
ORLANDO ESPOSITO TRUSTEE 1.00
Director
$0 $0 $0
EDWARD FERNBERGER JR TRUSTEE 1.00
Director
$0 $0 $0
JAIMIE SPECTOR FIELD TRUSTEE 1.00
Director
$0 $0 $0
JULIA FLEISCHNER TRUSTEE 1.00
Director
$0 $0 $0
AMY A FOX TRUSTEE 1.00
Director
$0 $0 $0
DAVID HAAS TRUSTEE 1.00
Director
$0 $0 $0
PHOEBE HADDON TRUSTEE 1.00
Director
$0 $0 $0
ANNE F HAMILTON TRUSTEE 1.00
Director
$0 $0 $0
ROB HAYES TRUSTEE 1.00
Director
$0 $0 $0
CYNTHIA JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
JOAN M JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
TAC JUSTI TRUSTEE 1.00
Director
$0 $0 $0
GEORGE B KELLY TRUSTEE 1.00
Director
$0 $0 $0
DAVID D LANGFITT TRUSTEE 1.00
Director
$0 $0 $0
MAXINE LEWIS TRUSTEE 1.00
Director
$0 $0 $0
SUEYUN LOCKS TRUSTEE 1.00
Director
$0 $0 $0
ELINOR MARRAZZO TRUSTEE 1.00
Director
$0 $0 $0
JOHN J MEDVECKIS TRUSTEE 1.00
Director
$0 $0 $0
LESLIE A MILLER TRUSTEE/ CHAIR EMERITA 1.00
Director
$0 $0 $0
HILARIE MORGAN TRUSTEE 1.00
Director
$0 $0 $0
MEY-YEN MORIUCHI TRUSTEE 1.00
Director
$0 $0 $0
MARTHA HAMILTON MORRIS TRUSTEE 1.00
Director
$0 $0 $0
ZOE S PAPPAS TRUSTEE 1.00
Director
$0 $0 $0
AJAY RAJU TRUSTEE 1.00
Director
$0 $0 $0
JENNIFER RICE TRUSTEE 1.00
Director
$0 $0 $0
LYN M ROSS TRUSTEE 1.00
Director
$0 $0 $0
MARSHA W ROTHMAN TRUSTEE 1.00
Director
$0 $0 $0
PIA ROYCHOWDHURY TRUSTEE 1.00
Director
$0 $0 $0
MARK E RUBENSTEIN TRUSTEE 1.00
Director
$0 $0 $0
ANGELICA ZANDER RUDENSTINE TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE SACHS TRUSTEE 1.00
Director
$0 $0 $0
DAVID WILLIAM SELTZER TRUSTEE 1.00
Director
$0 $0 $0
JAY SHAH TRUSTEE 1.00
Director
$0 $0 $0
MARTHA MCGEARY SNIDER TRUSTEE 1.00
Director
$0 $0 $0
JOAN F THALHEIMER TRUSTEE 1.00
Director
$0 $0 $0
BRUCE E TOLL TRUSTEE 1.00
Director
$0 $0 $0
CONSTANCE H WILLIAMS TRUSTEE CHAIR EMERITA 1.00
Director
$0 $0 $0
JERRY WIND TRUSTEE 1.00
Director
$0 $0 $0
ROBERT A ZURITSKY TRUSTEE 1.00
Director
$0 $0 $0
JOSH SHAPIRO TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
SASHA SUDA TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
PATRICIA HENHOEFFER TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
JOHN CRABLE TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
MELISSA BLANTON TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
CHERELLE PARKER TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
KENYATTA JOHNSON TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
LAWRENCE SPITZ TRUSTEE EX OFFICIO 1.00
Director
$0 $0 $0
VICTORIA MCNEIL LE VINE TRUSTEE (TERM END OCT 2023) 1.00
Director
$0 $0 $0
MICHAEL K PEARSON TRUSTEE (TERM END JAN 2024) 1.00
Director
$0 $0 $0
JAMES F KENNEY TRUSTEE EX OFFICIO (TERM END JAN 2024) 1.00
Director
$0 $0 $0
DARELL L CLARKE TRUSTEE EX OFFICIO (TERM END JAN 2024) 1.00
Director
$0 $0 $0
VALARIE MCDUFFIE CFO 35.00
Officer
$157,555 $15,272 $172,827
ALBERT SUH TERM 1023 GENERAL COUNSEL/SECRETARY 35.00
Officer
$242,672 $12,507 $255,179
REBECCA YITUNG WUI GENERAL COUNSEL (AS OF 02/24) 35.00
Officer
$0 $0 $0
NANCY B FINN DEPUTY DIR OF DVLPMT, IND GIVING 35.00
Highest
$254,523 $33,478 $288,001
ALPHONSO ATKINS DEPUTY DIR FOR DEIA (TERM 06/24) 35.00
Highest
$225,215 $32,631 $257,846
HYUNSOO WOO DEPUTY DIR FOR COLLECTIONS & EXH 35.00
Highest
$213,569 $25,612 $239,181
CARLOS BASUALDO DEPUTY DIRECTOR AND CHIEF CURATOR 35.00
Highest
$281,348 $15,099 $296,447
KARLEEN GARDNER DEPUTY DIR. FOR LEARNING AND ENGMT. 35.00
Highest
$209,283 $8,179 $217,462
WILLIAM PETERSEN FORMER COO (TERM 06/23) 0.00
$220,552 $11,247 $231,799
JONATHAN L PETERSON FORMER DIR. OF DVLPMT. (TERM 06/23) 0.00
$522,912 $27,667 $550,579
JESSICA SHARPE TERM 0623 FORMER DEPUTY DIR FOR VISITOR EXP. 0.00
$225,388 $16,314 $241,702
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 No data No data No data No data
2024 $81,068,240 $83,550,297 $1,202,554,035 $-2,482,057
2023 $114,413,997 $77,863,110 $1,177,025,721 $36,550,887
2022 $87,709,075 $76,004,750 $1,179,504,038 $11,704,325
2021 $116,812,968 $64,241,193 $1,255,022,756 $52,571,775
2019 $111,793,644 $71,540,513 $1,089,326,303 $40,253,131
2018 $73,820,439 $72,659,038 $1,009,323,665 $1,161,401
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