FRANK LLOYD WRIGHT TRUST

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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

1974

Legal Domicile

Principal Officer

CELESTE ADAMS

Phone

3129944000

Tax Period

2025-01-01 to 2025-12-31

FRANK LLOYD WRIGHT TRUST, founded in 1974, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2025. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $11.1M represent 29 months of operating reserves.

Mission

TO ENGAGE THE PUBLIC IN EDUCATIONAL AND AESTHETIC EXPERIENCES TO FOSTER AN APPRECIATION OF ARCHITECTURE, DESIGN AND THE LEGACY OF FRANK LLOYD WRIGHT.

Program Service Accomplishments

Program 1

Expenses: $2,377,160 Revenue: $3,700,813

EDUCATION PROGRAMS, OPERATION, PRESERVATION, AND RESTORATION OF THE FRANK LLOYD WRIGHT HOME AND STUDIO IN OAK PARK, ILLINOIS AND FREDERICK C. ROBIE HOUSE IN CHICAGO. DURING THE YEAR, THE ORGANIZATION HAD 60,140 VISITORS TO THE HOME AND STUDIO AND 28,636 VISITORS TO THE FREDERICK C. ROBIE HOUSE IN CHICAGO. THE ORGANIZATION'S CENTRAL ADMINISTRATION, COMMUNICATION AND DEVELOPMENT OFFICES ARE LOCATED AT THE HISTORIC ROOKERY BUILDING IN DOWNTOWN CHICAGO. ITS OFFICES ARE ADJACENT TO THE BUILDING'S FRANK LLOYD WRIGHT DESIGNED LOBBY. THE ORGANIZATION OPERATES DAILY TOURS, SOCIAL AND FUNDRAISING EVENTS AT THIS LOCATION. TOTAL ATTENDANCE AT THE ROOKERY WAS 4,722 DURING THE YEAR. THE ORGANIZATION ALSO HAD TOURS OF UNITY TEMPLE IN OAK PARK, WITH ATTENDANCE OF 5,997.TOTAL ATTENDANCE FOR ALL LOCATIONS WAS 99,495.

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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 (2025)

Revenue Breakdown

Contributions & Grants $602,144

Program Service Revenue $3,027,176

Investment Income $78,055

Other Revenue $924,158

TOTAL REVENUE $4,631,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,357,328

Fundraising Expenses $228,864

Program Expenses $2,377,160

Other Expenses $2,164,596

TOTAL EXPENSES $4,521,924

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,631,533	$6,159,879	-0.2%
Expenses	$4,521,924	$4,159,519	+0.1%
Net Income	$109,609	$2,000,360	-0.9%

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

514

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

$502,494

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RAFKIN	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
MATTHEW COTTER	TREASURER	4.00	Officer Director	$0	$0	$0
GRAHAM RARITY	SECRETARY	4.00	Officer Director	$0	$0	$0
PATRICIA HUNT	VICE CHAIR / EXECUTIVE CHAIR	4.00	Officer Director	$0	$0	$0
LATONIA BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER R GEORGE	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID HERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
KURT NEUMANN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT PASIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DON ROSENWINKEL	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY SMALL	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDALL S THORNE	BOARD MEMBER	2.00	Director	$0	$0	$0
ARTHUR VOGT	BOARD MEMBER	2.00	Director	$0	$0	$0
CELESTE ADAMS	PRESIDENT & CEO	40.00	Officer	$178,477	$36,278	$214,755
AHNQUAJJ A KAHMANNE	DIRECTOR OF OPERATIONS	40.00	Officer	$139,248	$18,730	$157,978
AMY DEBOCK	DIRECTOR OF FINANCE	40.00	Officer	$99,769	$29,992	$129,761

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	$4,631,533	$4,521,924	$12,465,877	$109,609
2024	$6,159,879	$4,159,519	$12,475,087	$2,000,360
2023	$6,089,999	$3,838,977	$10,693,788	$2,251,022
2022	$5,551,634	$3,789,465	$8,318,212	$1,762,169
2021	$2,823,161	$2,882,304	$6,763,209	$-59,143
2020	$2,204,303	$3,150,964	$6,151,349	$-946,661
2019	$4,593,023	$5,230,402	$6,645,925	$-637,379
2018	$6,309,495	$5,098,557	$7,322,239	$1,210,938