THE CORAL GABLES MUSEUM CORP (EIN 270077412) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

ELVIS FUENTES

Phone

3056038067

Tax Period

2022-10-01 to 2023-09-30

THE CORAL GABLES MUSEUM CORP, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. Net assets of $2.4M represent 25 months of operating reserves.

Mission

THE MUSEUM'S MISSION IS TO CELEBRATE, INVESTIGATE AND EXPLORE THE CIVIC ARTS OF ARCHITECTURE AND URBAN ENVIRONMENTAL DESIGN, INCLUDING FOSTERING AN APPRECIATION FOR THE HISTORY, VISION, AND CULTURAL LANDSCAPE OF CORAL GABLES; PROMOTING BEAUTY AND PLANNING AS WELL AS HISTORIC AND ENVIRONMENTAL PRESERVATION FOR A BROAD AUDIENCE, INCLUDING CHILDREN, FAMILIES, AND COMMUNITY MEMBERS, AS WELL AS LOCAL, REGIONAL, NATIONAL AND INTERNATIONAL VISITORS. THE MUSEUM OPTIMIZES ITS MISSION BY CULTIVATING EFFECTIVE PARTNERSHIPS, AND PROVIDING PROGRAMMING THAT INCLUDES EXHIBITIONS, COLLECTIONS, EDUCATIONAL OFFERINGS, LECTURES, TOURS, PUBLICATIONS AND SPECIAL EVENTS. THE MUSEUM IS A TRUE PUBLIC/PRIVATE PARTNERSHIP BETWEEN THE CITY OF CORAL GABLES AND THE CORAL GABLES MUSEUM CORP., A PRIVATE, NOT-FOR-PROFIT 501(C)(3) CORPORATION OPERATING AS AN EDUCATIONAL CULTURAL INSTITUTION WITHIN A CITY OWNED FACILITY. THE MUSEUM RAISES ITS OWN OPERATING BUDGET TO FUND THE EXHIBTIONS AND EDUCATIONAL PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $869,855

Program Service Revenue $65,613

Investment Income $0

Other Revenue $231,674

TOTAL REVENUE $1,167,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $698,870

Fundraising Expenses $33,228

Program Expenses $960,227

Other Expenses $489,266

TOTAL EXPENSES $1,188,136

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,167,142	$962,936	+0.2%
Expenses	$1,188,136	$874,409	+0.4%
Net Income	$-20,994	$88,527	-1.2%

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

$86,731

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE CHIP WITHERS	DIRECTOR	8.00	Officer Director	$0	$0	$0
EDUARDO OTAOLA	DIRECTOR	1.00	Officer Director	$0	$0	$0
JOE JACKSON	DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIC GROSDUBOIS	DIRECTOR	1.00	Officer Director	$0	$0	$0
DIANE AMADO-TATE	DIRECTOR	5.00	Director	$0	$0	$0
IVETTE ARANGO O'DOSKI	DIRECTOR	1.00	Director	$0	$0	$0
TERE SHELTON BERNACE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER BUCELO	DIRECTOR	1.00	Director	$0	$0	$0
ERNESTO ERDMANN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD J HEISENBOTTLE FAIA	DIRECTOR	1.00	Director	$0	$0	$0
ADAM HLAVATY	DIRECTOR	1.00	Director	$0	$0	$0
ADRIANA MENESES	DIRECTOR	1.00	Director	$0	$0	$0
ALIRIO TORREALBA	DIRECTOR	1.00	Director	$0	$0	$0
ARNOLD J WEIL	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR VINCE LAGO	DIRECTOR	1.00	Director	$0	$0	$0
ANNA PERNAS	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KAKOURIS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLAS CABRERA	DIRECTOR	1.00	Director	$0	$0	$0
ELVIS FUENTES	EXECUTIVE DIRECTOR	40.00	Officer	$86,731	$0	$86,731

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	$1,167,142	$1,188,136	$2,548,204	$-20,994
2022	$962,936	$874,409	$248,292	$88,527
2021	$870,543	$824,114	$538,191	$46,429
2020	$766,743	$805,108	$299,291	$-38,365
2019	$848,338	$947,744	$336,216	$-99,406
2018	$725,426	$881,646	$276,578	$-156,220

THE CORAL GABLES MUSEUM CORP