National Liberty Museum

EIN: 232788633 501(c)(3) Arts, Culture & Humanities

Philadelphia, PA

Total Revenue
$1,940,780
Total Expenses
$3,493,764
Total Assets
$22,463,808
Net Assets
$19,712,011
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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
PA
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

THE NATIONAL LIBERTY MUSEUM EMPOWERS VISITORS TO PROTECT AND ADVANCE LIBERTY FOR ALL.

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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 (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

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Governance

Voting Members
26
Independent Members
26
Employees
25
Volunteers
26

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
5
$250,678
Total Directors
27
$250,678
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAINE K ARNOTT PHD CEO & PRESIDENT 40.0
Officer Director
$210,626 $40,052 $250,678
BRIAN EFFRON BOARD CHAIR 2.0
Officer Director
$0 $0 $0
DENNIS EGEN VICE CHAIR 2.0
Officer Director
$0 $0 $0
DR NIGEL BROWN SECRETARY 2.0
Officer Director
$0 $0 $0
STEWART GERSON Treasurer 2.0
Officer Director
$0 $0 $0
THOMAS A CARAMANICO BOARD MEMBER 2.0
Director
$0 $0 $0
NORMAN COHN BOARD MEMBER 2.0
Director
$0 $0 $0
RACHEL D'ARGENIO BOARD MEMBER 2.0
Director
$0 $0 $0
DR BRIAN ENGLANDER MD BOARD MEMBER 2.0
Director
$0 $0 $0
GWEN BOROWSKY Board Member 2.0
Director
$0 $0 $0
JENNIFER HANNA BOARD MEMBER 2.0
Director
$0 $0 $0
DANIEL KAUFMAN BOARD MEMBER 2.0
Director
$0 $0 $0
DR HERB KEAN MD BOARD MEMBER 2.0
Director
$0 $0 $0
CAM MAIO BOARD MEMBER 2.0
Director
$0 $0 $0
ERNEST MAY BOARD MEMBER 2.0
Director
$0 $0 $0
GARRETT PRICE BOARD MEMBER 2.0
Director
$0 $0 $0
CYMA SATELL BOARD MEMBER 2.0
Director
$0 $0 $0
SCOTT SATELL BOARD MEMBER 2.0
Director
$0 $0 $0
SHERRIE SAVETT BOARD MEMBER 2.0
Director
$0 $0 $0
TOM SCANNAPIECO BOARD MEMBER 2.0
Director
$0 $0 $0
ADELE SCHAEFFER BOARD MEMBER 2.0
Director
$0 $0 $0
DR ARLENE SILVERS PHD BOARD MEMBER 2.0
Director
$0 $0 $0
CLAUDIA SPRINGER BOARD MEMBER 2.0
Director
$0 $0 $0
DOUGLAS O TOZOUR BOARD MEMBER 2.0
Director
$0 $0 $0
MICHAEL TRIMBLE BOARD MEMBER 2.0
Director
$0 $0 $0
LAURIE WAGMAN BOARD MEMBER 2.0
Director
$0 $0 $0
BRENDAN GILMORE BOARD MEMBER 2.0
Director
$0 $0 $0
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 $1,940,780 $3,493,764 $22,463,808 $-1,552,984
2023 $1,406,461 $4,029,134 $23,372,394 $-2,622,673
2022 $2,852,367 $3,658,152 $25,778,041 $-805,785
2021 $6,454,571 $3,182,384 $29,022,169 $3,272,187
2020 $2,788,944 $2,797,288 $22,121,755 $-8,344
2019 $2,885,556 $3,219,555 $22,377,951 $-333,999
2018 $4,018,722 $2,916,310 $21,290,782 $1,102,412
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