National Liberty 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

1994

Legal Domicile

Principal Officer

ALAINE K ARNOTT

Phone

2159252800

Tax Period

2024-01-01 to 2024-12-31

National Liberty Museum, founded in 1994, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $3.5M exceeded revenue, resulting in a 80% operating deficit.

Mission

NATIONAL LIBERTY MUSEUM ("NLMTHE "ORGANIZATION") IS A NONPROFIT ORGANIZATION, LOCATED IN THE HEART OF HISTORIC PHILADELPHIA, WHOSE MISSION IS TO ILLUMINATE THE STRENGTH AND FRAGILITY OF LIBERTY BY PRESENTING THE STORIES OF PEOPLE WHOSE POSITIVE (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $791,929 Revenue: $23,653

EXHIBITIONS - THROUGH ITS CHANGING EXHIBITION PROGRAM, NLM CURATES CONTEMPORARY DIALOGUES ABOUT LIBERTY AND ITS COMPLEXITY THROUGH A RANGE OF METHODS, INCLUDING CALL-TO-ARTISTS, COLLABORATIONS AND...

EXHIBITIONS - THROUGH ITS CHANGING EXHIBITION PROGRAM, NLM CURATES CONTEMPORARY DIALOGUES ABOUT LIBERTY AND ITS COMPLEXITY THROUGH A RANGE OF METHODS, INCLUDING CALL-TO-ARTISTS, COLLABORATIONS AND CONCEPTUAL SHOWS, NLM INVITES ARTISTS, COMMUNITY PARTNERS AND SUBJECT EXPERTS TO EXPLORE LIBERTY IN INNOVATIVE AND CREATIVE WAYS. ARTISTS AND OTHER CONTRIBUTORS INTERACT WITH THE PUBLIC THROUGH DEMONSTRATIONS, WORKSHOPS, LECTURES, AND PANEL DISCUSSIONS.

Program 2

Expenses: $458,426

YOUNG HEROES OUTREACH PROGRAM - THE NATIONAL LIBERTY MUSEUM'S YOUNG HEROES OUTREACH PROGRAM (YHOP) IS A YEAR-LONG CIVICS PROGRAM FOR GRADES 4-8. YHOP EXTENDS THE NLM'S MISSION INTO THE CLASSROOM AND APPLIES AN ENGAGING STUDENT-CENTERED APPROACH TO CIVIC EDUCATION. OPPORTUNITIES ARE EMBEDDED THROUGHOUT THIS PROGRAM FOR STUDENTS TO USE CRITICAL THINKING AND PRACTICE WHAT THEY HAVE LEARNED TO PROBLEM-SOLVE REAL-LIFE SOCIAL ISSUES AND BRING ABOUT TANGIBLE, POSITIVE CHANGES IN THEIR SCHOOL AND COMMUNITY. THE PROGRAM INCLUDES COMPREHENSIVE PROFESSIONAL DEVELOPMENT AND SUPPORT FOR TEACHERS, WHO WORK IN PARTNERSHIP WITH MUSEUM EDUCATIONS TO IMPLEMENT THIS UNIQUE, EVIDENCE BASED PROGRAM IN THEIR SCHOOLS.

Program 3

Expenses: $275,558

K-12 LEARNING EXPERIENCES - NLM OFFERS A RANGE OF ENGAGING VIRTUAL AND IN-PERSON LEARNING EXPERIENCES FOR SCHOOLS. NLM'S STANDARDS ALIGNED PROGRAMS INTRODUCE AND EXPLORE THE CONCEPT OF LIBERTY...

K-12 LEARNING EXPERIENCES - NLM OFFERS A RANGE OF ENGAGING VIRTUAL AND IN-PERSON LEARNING EXPERIENCES FOR SCHOOLS. NLM'S STANDARDS ALIGNED PROGRAMS INTRODUCE AND EXPLORE THE CONCEPT OF LIBERTY THROUGH REAL-LIFE APPLICATIONS. DRAWING INSPIRATIONS FROM THE MUSEUM'S GALLERIES AND CHANGING EXHIBITIONS, THESE HANDS-ON INTERACTIVE LEARNING EXPERIENCES EXPLORE SPECIFIED THEMES, SUCH AS: HOW TO CREATE CHANGE; MEDIA LITERACY AND CITIZENSHIP; CONFLICT RESOLUTION, AND ALLYSHIP. ALL STUDENT LEARNING EXPERIENCES INCLUDE PRE- AND POST-VISIT MATERIALS FOR USE IN THE CLASSROOM AND ARE REGULARLY EVALUATED.

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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 $1,016,537

Program Service Revenue $52,423

Investment Income $986,532

Other Revenue $-114,712

TOTAL REVENUE $1,940,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,411,315

Fundraising Expenses $543,411

Program Expenses $1,669,780

Other Expenses $2,007,449

TOTAL EXPENSES $3,493,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,940,780	$1,406,461	+0.4%
Expenses	$3,493,764	$4,029,134	-0.1%
Net Income	$-1,552,984	$-2,622,673	-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

$250,678

Total Directors