ELMHURST ART MUSEUM (EIN 364096612) - 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

1990

Legal Domicile

Principal Officer

ALLISON PETERS QUINN

Phone

6308340202

Tax Period

2024-01-01 to 2024-12-31

ELMHURST ART MUSEUM, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 30% operating deficit.

Mission

FOSTER COMMUNITY BY CULTIVATING A CREATIVE SPACE WHERE ART IS FOR EVERYONE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $689,974

Program Service Revenue $268,486

Investment Income $48,855

Other Revenue $-1,915

TOTAL REVENUE $1,005,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,684

Fundraising Expenses $113,013

Program Expenses $1,067,539

Other Expenses $776,262

TOTAL EXPENSES $1,304,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,005,400	$1,999,952	-0.5%
Expenses	$1,304,746	$1,297,328	+0.0%
Net Income	$-299,346	$702,624	-1.4%

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

$222,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH JEFFERY	PRESIDENT	10.00	Officer Director	$0	$0	$0
MARY CUNNINGHAM	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
KRISTI BIEBER GIBBS	TREASURER	3.00	Officer Director	$0	$0	$0
JENNIFER BLANCHETTE	DIRECTOR	2.00	Director	$0	$0	$0
BETSY GOLTERMANN	DIRECTOR	2.00	Director	$0	$0	$0
HARRY HOSTETLER	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA KLIMEK	DIRECTOR	2.00	Director	$0	$0	$0
KIERSTIN MADDA	DIRECTOR	2.00	Director	$0	$0	$0
DONALD MOWER	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS O'KEEFE	DIRECTOR	2.00	Director	$0	$0	$0
MARK OSTERMANN	DIRECTOR	2.00	Director	$0	$0	$0
DEAN PRIBBENOW	DIRECTOR	2.00	Director	$0	$0	$0
JAFAR SANIIE	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA VACCARO	DIRECTOR	2.00	Director	$0	$0	$0
ALINA SUAREZ CAHILL	DIRECTOR	2.00	Director	$0	$0	$0
JOHN MCKINNON	EXECUTIVE DIRECTOR	40.00	Officer	$126,715	$1,837	$128,552
ANN QUINN KELLY	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$83,582	$1,212	$84,794
ALLISON PETERS QUINN	EXECUTIVE DIRECTOR & CHIEF CURATOR	40.00	Officer	$9,423	$137	$9,560

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	$1,005,400	$1,304,746	$3,670,611	$-299,346
2023	$1,999,952	$1,297,328	$4,082,491	$702,624
2022	$1,158,204	$1,094,617	$3,103,987	$63,587
2021	$1,158,251	$694,581	$3,158,247	$463,670
2020	$922,125	$771,015	$2,698,627	$151,110
2019	$1,039,559	$1,074,593	$2,240,198	$-35,034
2018	$905,268	$1,117,378	$2,199,027	$-212,110

ELMHURST ART MUSEUM