SCIENCE MUSEUM OF VIRGINIA FOUNDAT… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

ELENA EDWARDS

Phone

8048641546

Tax Period

2024-07-01 to 2025-06-30

SCIENCE MUSEUM OF VIRGINIA FOUNDATION INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.0M in total revenue in fiscal year 2024. Net assets of $33.4M represent 100 months of operating reserves.

Mission

THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION, INC. SERVES AS THE PRIVATE FUNDRAISING PARTNER OF THE SCIENCE MUSEUM OF VIRGINIA, A STATE INSTITUTION THAT WAS FOUNDED IN 1970 BY BOTH THE VIRGINIA ACADEMY OF SCIENCE AND THE VIRGINIA GENERAL ASSEMBLY TO "RAISE THE PUBLIC UNDERSTANDING OF SCIENCE AND TECHNOLOGY THROUGHOUT THE COMMONWEALTH." THE MUSEUM, AS A STATE SUPPORTED CULTURAL INSTITUTION, RECEIVES APPROXIMATELY 50 PERCENT OF ITS ANNUAL SUPPORT FROM THE COMMONWEALTH OF VIRGINIA. ADDITIONAL SUPPORT IS RAISED BY THE FOUNDATION THROUGH CHARITABLE CONTRIBUTIONS (ANNUAL GIFTS AND PERMANENT ENDOWMENT GIFTS), GRANTS, CAPITAL CAMPAIGN GIFTS, FUNDRAISING EVENTS AND INVESTMENT INCOME. FUNDS FROM THE FOUNDATION ARE GRANTED TO THE SCIENCE MUSEUM ON AN ANNUAL BASIS TO SUPPORT THE PROGRAMS, PROJECTS AND OPERATIONS THAT ARE AUTHORIZED AND APPROVED BY THE TRUSTEES OF THE MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $946,701

NEW EXHIBIT PURCHASE AND MAINTENANCE: THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION SUPPORTS HUNDREDS OF MUSEUM PERMANENT EXHIBITS AND VISITING EXHIBITS THROUGHOUT THE YEAR, OFFERING VISITORS HANDS-ON...

NEW EXHIBIT PURCHASE AND MAINTENANCE: THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION SUPPORTS HUNDREDS OF MUSEUM PERMANENT EXHIBITS AND VISITING EXHIBITS THROUGHOUT THE YEAR, OFFERING VISITORS HANDS-ON OPPORTUNITIES TO LEARN AND EXPERIMENT WITH SCIENCE CONCEPTS.

Program 2

Expenses: $1,038,507

MUSEUM UNRESTRICTED OPERATING SUPPORT: THE SCIENCE MUSEUM OF VIRGINIA'S STATEWIDE MISSION IS TO INSPIRE VIRGINIANS TO ENRICH THEIR LIVES THROUGH SCIENCE. SMVF SUPPORTS THE GOALS AND ASPIRATIONS OF...

MUSEUM UNRESTRICTED OPERATING SUPPORT: THE SCIENCE MUSEUM OF VIRGINIA'S STATEWIDE MISSION IS TO INSPIRE VIRGINIANS TO ENRICH THEIR LIVES THROUGH SCIENCE. SMVF SUPPORTS THE GOALS AND ASPIRATIONS OF THE MUSEUM BY PROVIDING SUPPORT FOR MUSEUM GENERAL OPERATIONS, INCLUDING STAFFING, MATERIALS, AND SERVICES.

Program 3

Expenses: $708,393

EDUCATIONAL PROGRAMMING AND OUTREACH: THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION SUPPORTS MUSEUM EDUCATIONAL PROGRAMMING IN THE FORM OF CLASSES, ACTIVITIES, LECTURES, EDUCATIONAL WORKSHOPS AND...

EDUCATIONAL PROGRAMMING AND OUTREACH: THE SCIENCE MUSEUM OF VIRGINIA FOUNDATION SUPPORTS MUSEUM EDUCATIONAL PROGRAMMING IN THE FORM OF CLASSES, ACTIVITIES, LECTURES, EDUCATIONAL WORKSHOPS AND TRAINING FOR ALL AGES, AND PROVIDES FUNDING FOR GROUP MUSEUM VISITS FOR SCHOOLCHILDREN AND COMMUNITY ORGANIZATIONS.

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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 $2,432,787

Program Service Revenue $684,498

Investment Income $885,902

Other Revenue $0

TOTAL REVENUE $4,003,187

Expense Breakdown

Grants Paid $2,693,601

Salaries & Benefits $908,994

Fundraising Expenses $736,044

Program Expenses $2,827,110

Other Expenses $454,970

TOTAL EXPENSES $4,057,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,003,187	$3,739,341	+0.1%
Expenses	$4,057,565	$4,929,734	-0.2%
Net Income	$-54,378	$-1,190,393	-1.0%

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

$106,944

Total Directors

$11,137

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT M ALEXANDER IV	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT ARONSON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD C CONTI	DIRECTOR	1.00	Director	$11,137	$0	$11,137
ROBEY W ESTES JR	DIRECTOR	1.00	Director	$0	$0	$0
EMILY HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY MCCALL	DIRECTOR	1.00	Director	$0	$0	$0
JOSH MCCREADIE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M O'BANNON III MD	DIRECTOR	1.00	Director	$0	$0	$0
PENNY STEIN - STARTED 102024	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES S VALENTINE III	DIRECTOR	1.00	Director	$0	$0	$0
ELENA EDWARDS	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT FEESER	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMALA ARLAND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS Q BENEDETTI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNE MARIE ELLES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN T HOLDYCH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT D STOVALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN H WICK IV	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH DOLAN WRIGHT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBY H HACKNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
HENRY C COLEMAN JR	TREASURER	1.00	Officer Director	$0	$0	$0
MARTHA QUINN	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$100,000	$6,944	$106,944
PATRICIA MURPHY	CHIEF FINANCIAL OFFICER	40.00	Highest	$145,389	$4,700	$150,089
SUSAN ROCKWELL - ENDED 052025	DIRECTOR OF ADVANCEMENT	40.00	Highest	$154,125	$23,957	$178,082
KINSEY PEELER - ENDED 032024	EXECUTIVE DIRECTOR	40.00		$116,442	$7,207	$123,649

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	$4,003,187	$4,057,565	$35,571,891	$-54,378
2024	$3,739,341	$4,929,734	$33,107,240	$-1,190,393
2023	$4,469,641	$4,913,374	$32,188,132	$-443,733
2022	$5,835,880	$3,963,638	$31,752,161	$1,872,242
2021	$5,885,740	$3,129,224	$32,208,128	$2,756,516
2020	$2,573,152	$4,103,861	$22,181,374	$-1,530,709
2019	$3,130,675	$4,431,727	$22,918,364	$-1,301,052

SCIENCE MUSEUM OF VIRGINIA FOUNDATION INC