BALTIMORE MUSEUM OF INDUSTRY INC (EIN 521205675) - 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

1981

Legal Domicile

Principal Officer

ANITA KASSOF

Phone

4107274808

Tax Period

2024-07-01 to 2025-06-30

BALTIMORE MUSEUM OF INDUSTRY INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE BALTIMORE MUSEUM OF INDUSTRY INTERPRETS THE DIVERSE AND SIGNIFICANT HUMAN STORIES BEHIND LABOR AND INNOVATION IN BALTIMORE, CULTIVATING A SENSE OF BELONGING AND INSPIRING VISITORS TO THINK CRITICALLY ABOUT THE INTERSECTION OF WORK AND SOCIETY.

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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 $1,141,133

Program Service Revenue $492,242

Investment Income $88,964

Other Revenue $773,782

TOTAL REVENUE $2,496,121

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,524,133

Fundraising Expenses $328,837

Program Expenses $2,076,303

Other Expenses $1,206,142

TOTAL EXPENSES $2,730,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,496,121	$2,136,870	+0.2%
Expenses	$2,730,275	$2,693,303	+0.0%
Net Income	$-234,154	$-556,433	-0.6%

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

$418,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RAPHAEL	CHAIR, TRUSTEE	1.00	Officer Director	$0	$0	$0
JAY NWACHU	VICE CHAIR, TRUSTEE	1.00	Officer Director	$0	$0	$0
SMITHA GOPAL	TREASURER, TRUSTEE	1.00	Officer Director	$0	$0	$0
MADELINE STOKES	SECRETARY, TRUSTEE	1.00	Officer Director	$0	$0	$0
CHRIS BEDDARD	TRUSTEE	1.00	Director	$0	$0	$0
BOI CARPENTER	TRUSTEE	1.00	Director	$0	$0	$0
TED CARTER	TRUSTEE	1.00	Director	$0	$0	$0
JAMES DERIU	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW DOUD	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN ERNST	TRUSTEE	1.00	Director	$0	$0	$0
TIM EVANS	TRUSTEE	1.00	Director	$0	$0	$0
ANDY FRANK	TRUSTEE	1.00	Director	$0	$0	$0
QUINCY GOLDSMITH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HIME	TRUSTEE	1.00	Director	$0	$0	$0
JOE KOVARS	TRUSTEE	1.00	Director	$0	$0	$0
LAURA MCCOY	TRUSTEE	1.00	Director	$0	$0	$0
JEN MCLAUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
BRYAN PORTER	TRUSTEE	1.00	Director	$0	$0	$0
DESTINY-SIMONE RAMJOHN	TRUSTEE	1.00	Director	$0	$0	$0
PHIL TULKOFF	TRUSTEE	1.00	Director	$0	$0	$0
CORKIA WHITE	TRUSTEE	1.00	Director	$0	$0	$0
ANITA KASSOF	EXECUTIVE DIRECTOR	40.00	Officer	$127,776	$17,223	$144,999
MARGARET DE ARCANGELIS	DEPUTY DIRECTOR	40.00	Officer	$46,169	$3,449	$49,618
PAULA HANKINS	DIRECTOR OF OPERATIONS & FINANCE	40.00	Officer	$83,388	$22,364	$105,752
DEBORAH CADIN	DIRECTOR OF DEVELOPMENT	40.00	Officer	$95,170	$23,000	$118,170

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	$2,496,121	$2,730,275	$4,186,093	$-234,154
2024	No data	No data	No data	No data
2023	$2,502,006	$2,438,541	$4,559,380	$63,465
2022	$2,806,881	$2,094,485	$4,670,133	$712,396
2021	$1,773,547	$1,774,555	$4,422,944	$-1,008
2020	$2,097,519	$2,575,147	$4,041,463	$-477,628
2019	$2,773,873	$2,340,657	$4,444,855	$433,216
2018	$2,043,417	$2,213,375	$4,216,970	$-169,958

BALTIMORE MUSEUM OF INDUSTRY INC