WHARTON ESHERICK MUSEUM

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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

1971

Legal Domicile

Principal Officer

JULIE SIGLIN

Phone

6106445822

Tax Period

2023-01-01 to 2023-12-31

WHARTON ESHERICK MUSEUM, founded in 1971, is a small nonprofit in the Arts, Culture & Humanities sector that reported $257K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $853K exceeded revenue, resulting in a 232% operating deficit.

Mission

WHARTON ESHERICK MUSEUM "WEM" IS A CATALYST FOR CREATIVE ACTION. WE PROVIDE TRANSFORMATIVE EXPERIENCES THROUGH THE PRESERVATION OF AND PUBLIC ENGAGEMENT WITH THE ESHERICK CAMPUS, ART COLLECTION, AND ARCHIVE.IN 2022, WEM INTRODUCED A NEW TOPIC TOUR CALLED THE CAMPUS ARCHITECTURE TOUR, DEVELOPED BY OUR DIRECTOR OF INTERPRETATION. THE TOUR WAS OFFERED PERIODICALLY THROUGHOUT THE YEAR TO SOLD-OUT AUDIENCES AND EXPLORED THE ARCHITECTS, DESIGNERS, COLLABORATIONS, AND PHYSICAL STRUCTURES THAT LEND THEMSELVES TO THE WHARTON ESHERICK MUSEUM'S DESIGNATION AS A NATIONAL HISTORIC LANDMARK FOR ARCHITECTURE. WEM ALSO INTRODUCED THE FIRST SITE INTERVENTION IN OUR 50-YEAR HISTORY, WHICH ENGAGED FOUR CONTEMPORARY ARTISTS WHO MADE RESPONSIVE WORK WHICH WAS INSTALLED INSIDE THE STUDIO, ACTIVATING THE SPACE FOR VISITORS.

Program Service Accomplishments

Program 1

Expenses: $720,199 Revenue: $108,750

IN 2023, WEM OFFERED NEW PUBLIC PROGRAMS INCLUDING A BOOK CLUB INSPIRED BY THE LITERARY FIGURES IN ESHERICK'S NETWORK, A EURYTHMY DANCE WORKSHOP, STORYTELLING IN THE STUDIO INCORPORATING WHARTON...

IN 2023, WEM OFFERED NEW PUBLIC PROGRAMS INCLUDING A BOOK CLUB INSPIRED BY THE LITERARY FIGURES IN ESHERICK'S NETWORK, A EURYTHMY DANCE WORKSHOP, STORYTELLING IN THE STUDIO INCORPORATING WHARTON ESHERICK'S ORAL HISTORIES, AND A CONCERT SERIES OF CLASSICAL MUSIC IN PARTNERSHIP WITH NEARBY URSINUS COLLEGE. WE PRESENTED THE WOOD IS SINGING IN COLOR, A NEW SITE-RESPONSIVE PERFORMANCE BY ACCLAIMED ARTIST MARTHA MCDONALD, MARKING THE FIRST LIVE PERFORMANCE BY A WEM ARTIST-IN-RESIDENCE, A PROGRAM THE MUSEUM BEGAN IN 2021 TO INVITE MEANINGFUL CONVERSATION BETWEEN CONTEMPORARY MAKERS AND THE MUSEUM'S COLLECTIONS. WEM ALSO COMPLETED SEVERAL SIGNIFICANT PRESERVATION PROJECTS ON THE CAMPUS.

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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 $100,236

Program Service Revenue $79,376

Investment Income $44,116

Other Revenue $33,079

TOTAL REVENUE $256,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $494,187

Fundraising Expenses $53,007

Program Expenses $720,199

Other Expenses $358,945

TOTAL EXPENSES $853,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,807	$483,694	-0.5%
Expenses	$853,132	$854,618	0.0%
Net Income	$-596,325	$-370,924	+0.6%

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

$105,041

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE RIEGL	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY BAUM	TREASURER	1.00	Officer Director	$0	$0	$0
RON MCCOLL	SECRETARY	1.00	Officer Director	$0	$0	$0
GEOFFREY BERWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JASPER BRINTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC COOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER COOKE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE QUINN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SAVIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE SIGLIN	EXECUTIVE DIRECTOR	40.00	Officer	$94,517	$10,524	$105,041

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	$256,807	$853,132	$14,854,880	$-596,325
2022	$483,694	$854,618	$13,933,421	$-370,924
2021	$585,533	$674,714	$16,393,520	$-89,181
2020	$10,604,327	$445,260	$15,212,868	$10,159,067
2019	$445,248	$383,968	$3,827,789	$61,280