CLEVELAND MUSEUM OF ART

EIN: 340714336 501(c)(3) Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$84,403,647
Total Expenses
$106,901,249
Total Assets
$1,442,466,569
Net Assets
$1,318,960,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
OH
Phone
2167072248
Tax Period
2024-07-01 to 2025-06-30

CLEVELAND MUSEUM OF ART, founded in 1913, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $84.4M in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $106.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE A COLLECTION OF ARTWORK REPRESENTING ACHIEVEMENT OF INDIVIDUALS AND CIVILIZATIONS, PAST AND PRESENT, FOR THE BENEFIT OF THE PUBLIC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $52,858,332
Program Service Revenue $2,693,988
Investment Income $24,230,839
Other Revenue $4,620,488
TOTAL REVENUE $84,403,647

Expense Breakdown

Grants Paid $35,620
Salaries & Benefits $29,053,267
Fundraising Expenses $6,219,964
Program Expenses $88,992,966
Other Expenses $77,777,163
TOTAL EXPENSES $106,901,249

Year-over-Year Comparison

2024 2023 Change
Revenue $84,403,647 $129,112,072 -0.3%
Expenses $106,901,249 $82,988,778 +0.3%
Net Income $-22,497,602 $46,123,294 -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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Governance

Voting Members
40
Independent Members
38
Employees
634
Volunteers
437

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
8
$2,119,538
Total Directors
41
$1,718,889
Key Employees
8
$2,124,969
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN STIRN MAVEC CHAIR & BOARD MEMBER 1.0
Officer Director
$0 $0 $0
JAMES A RATNER VICE CHAIR & BOARD MEMBER 1.0
Officer Director
$0 $0 $0
MICHELLE JESCHELNIG SECRETARY & BOARD MEMBER 1.0
Officer Director
$0 $0 $0
VIRGINIA N BARBATO VICE CHAIR & BOARD MEMBER 1.0
Officer Director
$0 $0 $0
WILLIAM M GRISWOLD DIR & PRESIDENT 40.0
Officer Director
$1,690,196 $28,693 $1,718,889
AGNES GUND BOARD MEMBER (END 9/2025) 1.0
Director
$0 $0 $0
CHRISTOPHER GORMAN BOARD MEMBER 1.0
Director
$0 $0 $0
DANIEL P WALSH JR BOARD MEMBER 1.0
Director
$0 $0 $0
DOMINIC OZANNE BOARD MEMBER (END 9/2024) 1.0
Director
$0 $0 $0
DOUGLAS KERN BOARD MEMBER 1.0
Director
$0 $0 $0
EDWARD HEMMELGARN BOARD MEMBER 1.0
Director
$0 $0 $0
FELTON THOMAS BOARD MEMBER 1.0
Director
$0 $0 $0
FREDERICK E BIDWELL BOARD MEMBER 1.0
Director
$0 $0 $0
HELEN FORBES FIELDS BOARD MEMBER 1.0
Director
$0 $0 $0
JOHN SAUERLAND BOARD MEMBER 1.0
Director
$0 $0 $0
JOHN WALTON BOARD MEMBER 1.0
Director
$0 $0 $0
JON H OUTCALT BOARD MEMBER 1.0
Director
$0 $0 $0
JULIA POLLOCK BOARD MEMBER 1.0
Director
$0 $0 $0
KASHIM SKEETE BOARD MEMBER 1.0
Director
$0 $0 $0
KATHERINE TEMPLETON O'NEILL BOARD MEMBER 1.0
Director
$0 $0 $0
LAUREN RICH FINE BOARD MEMBER 1.0
Director
$0 $0 $0
LEIGH HAYES CARTER BOARD MEMBER 1.0
Director
$0 $0 $0
LOYAL M WILSON BOARD MEMBER 1.0
Director
$0 $0 $0
MANISHA SETHI BOARD MEMBER 1.0
Director
$0 $0 $0
MICHAEL NOVAK BOARD MEMBER 1.0
Director
$0 $0 $0
MILTON MALTZ BOARD MEMBER 1.0
Director
$0 $0 $0
NANCY F KEITHLEY BOARD MEMBER 1.0
Director
$0 $0 $0
PAUL E WESTLAKE JR BOARD MEMBER 1.0
Director
$0 $0 $0
PETER E RASKIND BOARD MEMBER 1.0
Director
$0 $0 $0
R STEVEN KESTNER BOARD MEMBER 1.0
Director
$0 $0 $0
REBECCA CARMI BOARD MEMBER (BEGIN 9/2024) 1.0
Director
$0 $0 $0
REBECCA HELLER BOARD MEMBER 1.0
Director
$0 $0 $0
REV JAWANZA K COLVIN BOARD MEMBER 1.0
Director
$0 $0 $0
RICHARD P STOVSKY BOARD MEMBER 1.0
Director
$0 $0 $0
SALLY GRIES BOARD MEMBER (BEGIN 12/2024) 1.0
Director
$0 $0 $0
SARAH NASH BOARD MEMBER 1.0
Director
$0 $0 $0
SARAH S CUTLER BOARD MEMBER 1.0
Director
$0 $0 $0
SCOTT C MUELLER BOARD MEMBER 1.0
Director
$0 $0 $0
STEPHEN E MYERS BOARD MEMBER 1.0
Director
$0 $0 $0
STEPHEN W BAILEY BOARD MEMBER 1.0
Director
$0 $0 $0
WILLIAM LITZLER BOARD MEMBER 1.0
Director
$0 $0 $0
ANNAPURNA VALLURI PHD TREASURER & CFO 40.0
Officer
$230,192 $11,902 $242,094
RUSSELL J KLIMCZUK ASST TREASURER & DIR FINANCE 40.0
Officer
$129,669 $28,886 $158,555
STEPHEN J KNERLY JR ASSISTANT SECRETARY 1.0
Officer
$0 $0 $0
BRUCE LOESSIN CHIEF PHILANTHROPY OFFICER 40.0
Key Emp
$373,224 $34,130 $407,354
HEATHER L BROWN DD & CHIEF CURATOR (END 04/2024) 40.0
Key Emp
$168,604 $37,379 $205,983
HEIDI STREAN DIR EXHIBITIONS & PUBLICATIONS 40.0
Key Emp
$181,271 $44,070 $225,341
JANE C ALEXANDER CHIEF INFORMATION OFFICER 40.0
Key Emp
$223,024 $25,350 $248,374
LISA S CODISPOTI CHIEF OPERATING & PEOPLE OFFICER 40.0
Key Emp
$288,122 $35,975 $324,097
SARAH L SCATURRO INTERIM CO-CHIEF CURATOR 40.0
Key Emp
$259,056 $22,716 $281,772
SETH PEVNICK INTERIM CO-CHIEF CURATOR 40.0
Key Emp
$180,695 $10,079 $190,774
TODD C MESEK CHIEF MARKETING OFFICER 40.0
Key Emp
$228,888 $12,386 $241,274
CARRIE M TOLLEFSON DIR OF MAJOR & PLANNED GIVING 40.0
Highest
$176,663 $28,604 $205,267
CLARISSA GRAFIN VON SPEE CURATOR CHINESE ART 40.0
Highest
$136,097 $18,893 $154,990
DENISE D GRCEVICH SR DIR STRATEGIC PHILAN 40.0
Highest
$141,494 $32,347 $173,841
JACQUELYN SAWYER CHIEF LEARNING OFFICER (BEGIN 6/2024) 40.0
Highest
$131,552 $11,887 $143,439
PAUL B KRENISKY DIRECTOR OF FACILITIES 40.0
Highest
$128,033 $36,889 $164,922
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 $84,403,647 $106,901,249 $1,442,466,569 $-22,497,602
2024 $129,112,072 $82,988,778 $1,371,445,046 $46,123,294
2023 $102,901,148 $68,669,220 $1,247,808,743 $34,231,928
2022 $74,298,172 $68,033,512 $1,170,073,993 $6,264,660
2021 $90,038,138 $62,388,046 $1,319,088,329 $27,650,092
2020 $68,797,597 $64,202,417 $1,135,564,267 $4,595,180
2019 $64,181,102 $71,901,495 $1,178,228,331 $-7,720,393
2018 $63,828,650 $64,766,517 $1,194,370,696 $-937,867
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