TAMPA MUSEUM OF ART FOUNDATION INC (EIN 311650423) - 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

1998

Legal Domicile

Principal Officer

FRANK BONSACK

Phone

8134218363

Tax Period

2023-01-01 to 2023-12-31

TAMPA MUSEUM OF ART FOUNDATION INC, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.9M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $8.4M, a strong 85% operating margin.

Mission

MAINTAIN AND RAISE FUNDS FOR THE BENEFIT OF THE TAMPA MUSEUM OF ART, INC.

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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 $9,631,649

Program Service Revenue $0

Investment Income $306,559

Other Revenue $0

TOTAL REVENUE $9,938,208

Expense Breakdown

Grants Paid $703,785

Salaries & Benefits $0

Fundraising Expenses $433,872

Program Expenses $703,785

Other Expenses $800,168

TOTAL EXPENSES $1,503,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,938,208	$11,197,277	-0.1%
Expenses	$1,503,953	$1,275,412	+0.2%
Net Income	$8,434,255	$9,921,865	-0.1%

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

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

$444,332

Total Directors

$444,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AG JERRY DIVERS	PRESIDENT (DECEASED 5/17/24)	1.00	Officer Director	$0	$0	$0
MAUREEN COHN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE PHILLIPS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIO ESQUIVEL	SECRETARY	1.00	Officer Director	$0	$0	$0
FRANK BONSACK	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL A TOMOR	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$149,812	$444,332
DEBRA WILLIAMS	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
CHAD CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ISBELL	DIRECTOR	1.00	Director	$0	$0	$0
CATHY GRANT	DIRECTOR	1.00	Director	$0	$0	$0
CARLTON CARTER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
CORNELIA CORBETT	DIRECTOR EMERITI	1.00	Director	$0	$0	$0
STEPHEN DICKEY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD DOBKIN	DIRECTOR	1.00	Director	$0	$0	$0
MARGO EURE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
MICAH FOGARTY	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH PAGES	DIRECTOR	1.00	Director	$0	$0	$0
TOM HOCHHAUSLER	DIRECTOR	1.00	Director	$0	$0	$0
RAY IFERT	DIRECTOR	1.00	Director	$0	$0	$0
DIANNE JACOB	DIRECTOR	1.00	Director	$0	$0	$0
DANYELL JONES	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA STUBBS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$9,938,208	$1,503,953	$51,390,959	$8,434,255
2022	$11,197,277	$1,275,412	$45,983,062	$9,921,865
2021	$12,926,131	$734,866	$33,399,197	$12,191,265
2020	$3,072,603	$553,676	$21,459,507	$2,518,927
2019	$10,259,054	$412,808	$18,784,025	$9,846,246
2018	$1,314,679	$302,092	$7,991,011	$1,012,587

TAMPA MUSEUM OF ART FOUNDATION INC