READING PUBLIC MUSEUM ENDOWMENT TR… - 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

1991

Legal Domicile

Principal Officer

FDTN FOR THE READING PUBL

Phone

6103715850

Tax Period

2023-01-01 to 2023-12-31

READING PUBLIC MUSEUM ENDOWMENT TRUST, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $541K in total revenue in fiscal year 2023. Revenue surged 254% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 24% operating margin.

Mission

TO ESTABLISH, MANAGE, AND PAY OUT INCOME FROM AN ENDOWMENT FUND FOR LONG TERM FINANCIAL STABILITY AND SUPPORT FOR THE READING PUBLIC MUSEUM AND RELATED GROUNDS AND BUILDING.

Program Service Accomplishments

Program 1

Expenses: $370,299

DISTRIBUTION TO THE FOUNDATION FOR THE READING PUBLIC MUSEUM

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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 $0

Program Service Revenue $0

Investment Income $540,966

Other Revenue $0

TOTAL REVENUE $540,966

Expense Breakdown

Grants Paid $370,299

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $370,299

Other Expenses $41,784

TOTAL EXPENSES $412,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,966	$152,665	+2.5%
Expenses	$412,083	$396,870	+0.0%
Net Income	$128,883	$-244,205	-1.5%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	40.00		$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	No data	No data	No data	No data
2023	$540,966	$412,083	$7,332,581	$128,883
2022	$152,665	$396,870	$7,067,087	$-244,205
2021	$634,440	$387,924	$8,474,610	$246,516
2020	$63,448	$380,942	$7,657,205	$-317,494
2019	$174,216	$375,928	$7,219,182	$-201,712
2018	$364,103	$334,298	$6,323,274	$29,805

READING PUBLIC MUSEUM ENDOWMENT TRUST