AUDRAIN AUTOMOBILE MUSEUM INC

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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

JOHN T BOXER

Phone

6469376901

Tax Period

2023-01-01 to 2023-12-31

AUDRAIN AUTOMOBILE MUSEUM INC, founded in 2014, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023. The organization ran a surplus of $805K, a strong 31% operating margin.

Mission

TO CONDUCT CHARITABLE AND EDUCATIONAL ACTIVITIES TO PROMOTE AND ADVANCE THE PUBLIC'S INTEREST IN A PUBLIC MUSEUM TO PRESERVE AND PRESENT AUTOMOTIVE HISTORY.

Program Service Accomplishments

Program 1

Expenses: $602,380 Revenue: $357,491

THE ORGANIZATION OPERATES A MUSEUM DEVOTED TO THE APPRECIATION OF HISTORICAL, CLASSICAL, COLLECTIBLE AND MODERN CARS. THE ORGANIZATION AIMS THAT BY TELLING THE STORIES OF THE AUTOMOBILES, IT TELLS...

THE ORGANIZATION OPERATES A MUSEUM DEVOTED TO THE APPRECIATION OF HISTORICAL, CLASSICAL, COLLECTIBLE AND MODERN CARS. THE ORGANIZATION AIMS THAT BY TELLING THE STORIES OF THE AUTOMOBILES, IT TELLS THE STORY OF OUR CULTURE, COUNTRY, FAMILIES AND OURSELVES. THE ORGANIZATION ANNUALLY CURATES FOUR (4) EXHIBITS AND IN 2023 WELCOMED 30,000 + VISITORS, INCLUDING SCHOOL AND SENIOR GROUPS, CAR CLUBS AND COLLECTORS.

Program 2

THE ORGANIZATION, THROUGH ITS WHOLLY OWNED SUBSIDIARY, AUDRAIN CONCOURS FOUNDATION, LLC ANNUALLY PRODUCES AND HOSTS THE "AUDRAIN NEWPORT CONCOURS AND MOTOR WEEK," A CAR CENTRIC EXPERIENCE IN NEWPORT RHODE ISLAND. THIS 4 DAY EVENT INCLUDES A FUNDRAISING GALA, TOUR D' ELEGANCE, CONCOURS D' ELEGANCE AND EDUCATIONAL SEMINARS ON AUTOMOBILE RELATED TOPICS THAT CELEBRATE AND PROMOTE THE PUBLIC'S INTEREST IN THE PRESERVATION AND PRESENTATION OF AUTOMOTIVE HISTORY.

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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 $3,814,922

Program Service Revenue $340,032

Investment Income $1

Other Revenue $-1,527,149

TOTAL REVENUE $2,627,806

Expense Breakdown

Grants Paid $105,000

Salaries & Benefits $425,090

Fundraising Expenses $463,804

Program Expenses $602,380

Other Expenses $1,293,148

TOTAL EXPENSES $1,823,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,627,806	$2,708,328	0.0%
Expenses	$1,823,238	$3,381,509	-0.5%
Net Income	$804,568	$-673,181	-2.2%

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

200

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

$202,565

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS S SCHORSCH	DIRECTOR, PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN T BOXER	DIRECTOR, SECRETARY	10.00	Officer Director	$0	$0	$0
WILLIAM M KAHANE	DIRECTOR	2.00	Director	$0	$0	$0
SHELLEY D SCHORSCH	DIRECTOR	2.00	Director	$0	$0	$0
DAVID DE MUZIO	EXECUTIVE DIRECTOR	40.00	Director	$98,605	$0	$202,565
EDWARD M WEIL JR	DIRECTOR	5.00	Director	$0	$0	$0
NICHOLAS S SCHORSCH JR	DIRECTOR	5.00	Director	$0	$0	$0
M BENJAMIN MERCER	TREASURER	5.00	Officer	$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	$2,627,806	$1,823,238	$3,817,985	$804,568
2022	$2,708,328	$3,381,509	$3,738,788	$-673,181
2021	$2,562,395	$2,638,723	$3,719,380	$-76,328
2020	$3,078,698	$2,539,037	$2,916,260	$539,661