CINCINNATI MUSEUMS FOUNDATION

EIN: 275304295 501(c)(3) Arts, Culture & Humanities

CINCINNATI, OH

Total Revenue
$9,040,929
Total Expenses
$2,879,801
Total Assets
$87,096,999
Net Assets
$87,095,049
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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
2011
Legal Domicile
OH
Principal Officer
JILL BERKEMEIER
Phone
5132877000
Tax Period
2023-07-01 to 2024-06-30

CINCINNATI MUSEUMS FOUNDATION, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 197% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 68% operating margin.

Mission

TO PROVIDE FINANCIAL SUPPORT FOR THE BENEFIT OF CINCINNATI MUSEUM CENTER, NATIONAL UNDERGROUND RAILROAD FREEDOM CENTER AND ANY OTHER TAX EXEMPT, NONPROFIT ENTITY OF WHICH THE CINCINNATI MUSEUM CENTER IS THE SOLE MEMBER AND TO CONDUCT ANY ACTIVITIES CONSISTENT WITH SUCH PURPOSES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,863,450
Program Service Revenue $0
Investment Income $2,177,479
Other Revenue $0
TOTAL REVENUE $9,040,929

Expense Breakdown

Grants Paid $2,780,731
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,780,731
Other Expenses $99,070
TOTAL EXPENSES $2,879,801

Year-over-Year Comparison

2023 2022 Change
Revenue $9,040,929 $3,045,852 +2.0%
Expenses $2,879,801 $2,009,424 +0.4%
Net Income $6,161,128 $1,036,428 +4.9%
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

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Governance

Voting Members
11
Independent Members
8
Employees
N/A
Volunteers
9

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
4
$938,933
Total Directors
11
$938,933
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE DRACKETT THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH PIERCE CEO 2.00
Officer Director
$0 $59,303 $414,575
FRANCIE HILTZ BOARD MEMBER 1.00
Director
$0 $0 $0
JANE GARVEY CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JILL BERKEMEIER CFO & TREASURER 2.00
Officer Director
$0 $15,191 $287,059
PETE STRANGE BOARD MEMBER 1.00
Director
$0 $0 $0
PHILLIP LONG BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT LINDNER JR BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT SCHUSTER PRESIDENT & SECRETARY 1.00
Officer Director
$0 $54,464 $237,299
SUSAN B ESLER EX OFFICIO 1.00
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
2025 No data No data No data No data
2024 $9,040,929 $2,879,801 $87,096,999 $6,161,128
2023 $3,045,852 $2,009,424 $56,870,348 $1,036,428
2022 $6,408,044 $1,464,903 $53,180,452 $4,943,141
2021 $25,449,379 $1,653,641 $62,746,599 $23,795,738
2020 $1,859,085 $1,248,982 $29,523,336 $610,103
2019 $3,043,354 $1,191,559 $29,265,718 $1,851,795
2018 $1,331,562 $3,106,657 $27,281,576 $-1,775,095
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