NEW MUSEUM OF PORTSMOUTH INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

SUZANNE BRESETTE

Phone

6034501011

Tax Period

2023-01-01 to 2023-12-31

NEW MUSEUM OF PORTSMOUTH INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $125K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $244K exceeded revenue, resulting in a 95% operating deficit.

Mission

TO IMPROVE AND ENHANCE THE AVAILABILITY OF THE VISUAL ARTS TO THE GENERAL PUBLIC; TO PROVIDE ASSISTANCE TO ARTISTS; TO EDUCATE THE GENERAL PUBLIC IN ALL ASPECTS OF THE VISUAL ARTS; TO OPERATE GALLERIES, ART SHOWS AND ART DEMONSTRATIONS; AND TO OFFER PROGRAMS AND SCHOLARSHIPS TO SUPPORT INDIVIDUALS INTERESTED IN PURSUING CAREERS IN THE VISUAL ARTS.

Program Service Accomplishments

Program 1

Expenses: $233,789 Revenue: $38,750

MUSEUM OF FINE ART SERVING CITY OF 25,000 RESIDENTS PLUS SEASONAL TOURISTS, NORMAL OPERATIONS INCLUDE ACQUISITION AND PRESERVATION OF ARTWORK AND OTHER COLLECTIBLE ITEMS. THE ORGANIZATION ALSO...

MUSEUM OF FINE ART SERVING CITY OF 25,000 RESIDENTS PLUS SEASONAL TOURISTS, NORMAL OPERATIONS INCLUDE ACQUISITION AND PRESERVATION OF ARTWORK AND OTHER COLLECTIBLE ITEMS. THE ORGANIZATION ALSO PROVIDES EDUCATION OF VISUAL ARTS TO THE GENERAL PUBLIC, AND PROMOTES VARIOUS ARTISTS AND THEIR WORK.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $162,150

Program Service Revenue $26,547

Investment Income $-63,447

Other Revenue $0

TOTAL REVENUE $125,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,261

Fundraising Expenses $10,314

Program Expenses $233,789

Other Expenses $166,842

TOTAL EXPENSES $244,103

Year-over-Year Comparison

	2023	2022	Change
Revenue	$125,250	$151,954	-0.2%
Expenses	$244,103	$508,393	-0.5%
Net Income	$-118,853	$-356,439	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
SUZANNE BRESETTE	CHAIR	4.00	Officer Director	$0	$0	$0
MONICA MCCARTHY	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
PETER VENTURA	TREASURER	2.00	Officer Director	$0	$0	$0
KAREN MOUNTJOY	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW SIDFORD	DIRECTOR	2.00	Director	$0	$0	$0
KATE DOYLE	DIRECTOR	2.00	Director	$0	$0	$0
LISA BOTOMLY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WOLOWITZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LABRIE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL SIMCHIK	DIRECTOR	2.00	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
2023	$125,250	$244,103	$25,222	$-118,853
2022	$151,954	$508,393	$1,071,321	$-356,439
2021	$647,965	$288,614	$1,401,935	$359,351