Virginia Museum of Fine Arts Foundation (EIN 510205333) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Phone

8043401515

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA MUSEUM OF FINE ARTS FOUNDATION, founded in 1976, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.9M in total revenue in fiscal year 2018. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $46.9M exceeded revenue, resulting in a 57% operating deficit.

Mission

THE VIRGINIA MUSEUM OF FINE ARTS FOUNDATION (Foundation) WAS FOUNDED IN 1976 TO SUPPORT THE VIRGINIA MUSEUM OF FINE ARTS (MUSEUM), AN AGENCY OF THE COMMONWEALTH OF VIRGINIA. (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,961,822

Program Service Revenue $0

Investment Income $47,121,091

Other Revenue $134,059

TOTAL REVENUE $71,216,972

Expense Breakdown

Grants Paid $39,336,802

Salaries & Benefits $3,834,098

Fundraising Expenses $2,222,497

Program Expenses $40,850,359

Other Expenses $3,623,025

TOTAL EXPENSES $46,793,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,216,972	$34,183,610	+1.1%
Expenses	$46,793,925	$39,276,893	+0.2%
Net Income	$24,423,047	$-5,093,283	-5.8%

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

148

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

$689,326

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Agustin E Rodriguez	Secretary	1.0	Officer Director	$0	$0	$0
Charlotte B McGee	Vice-President	1.0	Officer Director	$0	$0	$0
Michael C Bisceglia	Treasurer	1.0	Officer Director	$0	$0	$0
Stanley J Olander Jr	President	2.0	Officer Director	$0	$0	$0
Adrianne Joseph	Director	1.0	Director	$0	$0	$0
Alex Cecil	Director	1.0	Director	$0	$0	$0
Anne Marie Irani	Director	1.0	Director	$0	$0	$0
Anumpama Agarwal	Director	1.0	Director	$0	$0	$0
Bebe Heiner	Director	1.0	Director	$0	$0	$0
Brian Jackson	Director	1.0	Director	$0	$0	$0
Brock Saunders	Director	1.0	Director	$0	$0	$0
Carolyn Garner	Director	1.0	Director	$0	$0	$0
Celia Rafalko	Director	1.0	Director	$0	$0	$0
Charles T Hodges	Director	1.0	Director	$0	$0	$0
Charlie Whitaker	Director	1.0	Director	$0	$0	$0
Damian Klute	Director	1.0	Director	$0	$0	$0
Deborah Valentine	Director	1.0	Director	$0	$0	$0
Elizabeth EA Blue	Director	1.0	Director	$0	$0	$0
Elizabeth Harris Rose	Director	1.0	Director	$0	$0	$0
Elizabeth Locke	Director	1.0	Director	$0	$0	$0
Eucharia N Jackson	Director	1.0	Director	$0	$0	$0
Farhad Aghdami	Director	1.0	Director	$0	$0	$0
Jacqueline Rogers	Director	1.0	Director	$0	$0	$0
Jennifer L Schooley	Director	1.0	Director	$0	$0	$0
Jennifer L Sisk	Director	1.0	Director	$0	$0	$0
KC Graham	Director	1.0	Director	$0	$0	$0
Kelly Till	Director	1.0	Director	$0	$0	$0
Larry Kochard	Director	1.0	Director	$0	$0	$0
Marshall Acuff	Director	1.0	Director	$0	$0	$0
Mary C Frediani	Director	1.0	Director	$0	$0	$0
Michael D Williams	Director	2.0	Director	$0	$0	$0
Michael Schewel	Director	1.0	Director	$0	$0	$0
Page E Corey	director	1.0	Director	$0	$0	$0
Alex Nyerges	Chief Operating Officer	20.0	Officer	$433,535	$46,106	$479,641
Andrew Harris	Chief Financial Officer	20.0	Officer	$163,775	$45,910	$209,685
Erin Elder	Director of Major Gifts	40.0	Highest	$114,399	$39,016	$153,415
Hazel Duncan	Director of Accounting	40.0	Highest	$102,865	$17,040	$119,905
Jasmonn Coleman	Assistant Deputy Direstor of Development	40.0	Highest	$216,450	$39,797	$256,247
Mrs Elizabeth Oliver	Director of Principal Gifts & Campaign Manager	40.0	Highest	$136,050	$17,906	$153,956
Tom Gutenberger	Deputy Director of Advancement	40.0	Highest	$731,713	$75,667	$807,380

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	$71,216,972	$46,793,925	$346,948,191	$24,423,047
2024	$34,183,610	$39,276,893	$337,151,601	$-5,093,283
2023	$33,257,679	$36,028,084	$320,872,335	$-2,770,405
2022	$55,007,119	$31,441,622	$306,625,729	$23,565,497
2021	$43,843,613	$35,177,471	$356,303,574	$8,666,142
2020	$48,848,372	$27,721,578	$286,070,393	$21,126,794
2019	$29,898,555	$46,869,449	$278,954,345	$-16,970,894

Virginia Museum of Fine Arts Foundation