VIZCAYA MUSEUM AND GARDENS TRUST I… - Form 990 Financial Data

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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

2014

Legal Domicile

Principal Officer

JOEL HOFFMAN

Phone

3058608438

Tax Period

2023-10-01 to 2024-09-30

VIZCAYA MUSEUM AND GARDENS TRUST INC, founded in 2014, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $23.4M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PRESERVING VIZCAYA'S CULTURAL AND ENVIRONMENTAL RESOURCES TO ENGAGE PEOPLE IN CONNECTING WITH THE PAST, UNDERSTANDING THE PRESENT AND SHAPING THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $2,476,824 Revenue: $7,925,440

LEARNING AND COMMUNITY ENGAGEMENT:THE VISITOR EXPERIENCE AND COMMUNITY PARTNERSHIPS, PROGRAMS & INTERPRETATION DEPARTMENTS ENGAGE A BROAD PUBLIC THROUGH INNOVATIVE AND INCLUSIVE LEARNING...

LEARNING AND COMMUNITY ENGAGEMENT:THE VISITOR EXPERIENCE AND COMMUNITY PARTNERSHIPS, PROGRAMS & INTERPRETATION DEPARTMENTS ENGAGE A BROAD PUBLIC THROUGH INNOVATIVE AND INCLUSIVE LEARNING OPPORTUNITIES, INCLUDING DAYTIME VISITATION EXPERIENCES AND SCHOOL AND COMMUNITY PROGRAMS. VIZCAYA WELCOMED 386,079 VISITORS LAST YEAR, INCLUDING 25,499 COMPLIMENTARY DAYTIME ADMISSIONS.

Program 2

Expenses: $7,850,607 Revenue: $5,413,345

FACILITIES MAINTENANCE AND CAPITAL PROJECTS:THE FACILITIES DEPARTMENT OVERSEES THE MAINTENANCE OF THE CAMPUS AND IT ADVANCED NUMEROUS PRESERVATION-FOCUSED CAPITAL PROJECTS LAST YEAR, INCLUDING...

FACILITIES MAINTENANCE AND CAPITAL PROJECTS:THE FACILITIES DEPARTMENT OVERSEES THE MAINTENANCE OF THE CAMPUS AND IT ADVANCED NUMEROUS PRESERVATION-FOCUSED CAPITAL PROJECTS LAST YEAR, INCLUDING RENOVATION OF TWO HISTORIC BUILDINGS IN THE VIZCAYA VILLAGE.

Program 3

Expenses: $4,158,545 Revenue: $312,266

ART AND LIVING COLLECTIONS MANAGEMENT:THE ART & ARTIFACT STEWARDSHIP AND HORTICULTURE & SUSTAINABILITY DEPARTMENTS OVERSEE RESEARCH, CARE, CONSERVATION, EXHIBITION AND INTERPRETATION OF VIZCAYA'S ART AND LIVING COLLECTIONS, INCLUDING THE HISTORIC INTERIORS AND GARDENS. IN 2024, VIZCAYA ACQUIRED JAMES DEERING'S ORIGINAL 1916 STEINWAY PIANO FROM A PRIVATE COLLECTOR AND COMPLETED CONSERVATION OF THE CASINO CEILING MURAL AND RESTORATION OF THE BARGE. VIZCAYA ALSO ESTABLISHED URBAN AGRICULTURE PLOTS IN THE VILLAGE.

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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 $11,754,739

Program Service Revenue $10,834,970

Investment Income $627,725

Other Revenue $179,914

TOTAL REVENUE $23,397,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,545,815

Fundraising Expenses $1,112,082

Program Expenses $19,801,047

Other Expenses $13,579,944

TOTAL EXPENSES $24,125,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,397,348	$21,650,771	+0.1%
Expenses	$24,125,759	$20,208,315	+0.2%
Net Income	$-728,411	$1,442,456	-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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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

130

Volunteers

N/A

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

Total Directors

Key Employees

$1,512,603

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH O'KEEFE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ADAM WOLMAN	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
TERRI CASTELLANO	SECRETARY	3.00	Officer Director	$0	$0	$0
CHARLES SEITZ	TREASURER	3.00	Officer Director	$0	$0	$0
LYDIA LOPEZ	MAYORAL APPOINTEE	3.00	Director	$0	$0	$0
ODILON ALMEIDA	DIRECTOR	3.00	Director	$0	$0	$0
LYNN ATKINSON	DIRECTOR	3.00	Director	$0	$0	$0
DONALD DEUBLER	DIRECTOR	3.00	Director	$0	$0	$0
MARVIN DUNN	DIRECTOR	3.00	Director	$0	$0	$0
SANDY DORSAINVIL	DIRECTOR	3.00	Director	$0	$0	$0
ANDRES V GIL	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTOPHER HUNT	DIRECTOR	3.00	Director	$0	$0	$0
CATHY JONES	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN KAHN	DIRECTOR	3.00	Director	$0	$0	$0
DONALD A KRESS	DIRECTOR	3.00	Director	$0	$0	$0
CHRISTY MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
LAURA MUNILLA	DIRECTOR	3.00	Director	$0	$0	$0
NANCY MCCORMICK	DIRECTOR	3.00	Director	$0	$0	$0
DAMIAN PARDO	DIRECTOR	3.00	Director	$0	$0	$0
HARRY TAPIAS	DIRECTOR	3.00	Director	$0	$0	$0
SUZY WAHBA	DIRECTOR	3.00	Director	$0	$0	$0
ANN WALTERS-POPE	DIRECTOR	3.00	Director	$0	$0	$0
JOEL HOFFMAN	EXECUTIVE DIRECTOR/CEO	40.00	Key Emp	$437,482	$40,280	$477,762
STEPHANIE MAYER	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$204,579	$31,064	$235,643
ALBERT MONTES	CFO/COO	40.00	Key Emp	$194,850	$41,849	$236,699
WENDY WOLF	CHIEF ENGAGEMENT OFFICER	40.00	Key Emp	$181,550	$23,869	$205,419
MARTHA DIXON	CHIEF FACILITIES OFFICER	41.00	Key Emp	$150,566	$30,823	$181,389
CHARLOTTE DONN	CHIEF MARKETING OFFICER	40.00	Key Emp	$155,409	$20,282	$175,691
IAN SIMPKINS	SENIOR DIRECTOR OF HORTICULTURE & SUSTAINABILITY	40.00	Highest	$144,676	$25,600	$170,276
CASSIUS MOORE	DIRECTOR OF CAPITAL PROJECTS	43.00	Highest	$133,699	$17,835	$151,534
TRACY KAMERER	DIRECTOR OF ART & ARTIFACTS STEWARDSHIP	40.00	Highest	$128,894	$27,284	$156,178
SANDRA WILLIAMS	HUMAN RESOURCES DIRECTOR	40.00	Highest	$119,728	$19,857	$139,585
OLGA DENIS	DIRECTOR OF FINANCE	40.00	Highest	$129,018	$29,467	$158,485

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	$23,397,348	$24,125,759	$18,993,206	$-728,411
2023	$21,650,771	$20,208,315	$17,938,462	$1,442,456
2022	$16,439,636	$13,295,144	$15,166,678	$3,144,492
2021	$11,588,414	$9,923,567	$11,712,180	$1,664,847
2020	$10,707,591	$10,458,159	$10,647,887	$249,432
2019	$11,325,223	$11,090,369	$8,499,691	$234,854
2018	$9,525,378	$10,221,770	$8,169,107	$-696,392

VIZCAYA MUSEUM AND GARDENS TRUST INC