SMITHSONIAN INSTITUTION (EIN 530206027) - 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

1846

Principal Officer

LONNIE G BUNCH III

Phone

2026331000

Tax Period

2023-10-01 to 2024-09-30

SMITHSONIAN INSTITUTION, founded in 1846, is a large national nonprofit in the Arts, Culture & Humanities sector that reported $2.0B in total revenue in fiscal year 2023. Expenses of $1.7B left a modest 14% surplus.

Mission

"INCREASE AND DIFFUSION OF KNOWLEDGE" IS THE MISSION SET FORTH BY JAMES SMITHSON.

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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 $1,635,380,759

Program Service Revenue $109,329,317

Investment Income $133,422,298

Other Revenue $77,487,579

TOTAL REVENUE $1,955,619,953

Expense Breakdown

Grants Paid $18,009,379

Salaries & Benefits $818,104,328

Fundraising Expenses $88,739,405

Program Expenses $1,276,726,998

Other Expenses $841,305,688

TOTAL EXPENSES $1,679,118,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,955,619,953	$1,876,542,577	+0.0%
Expenses	$1,679,118,317	$1,601,797,046	+0.0%
Net Income	$276,501,636	$274,745,531	+0.0%

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

7367

Volunteers

92082

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

$2,991,156

Total Directors

Key Employees

$3,991,628

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HONORABLE JOHN G ROBERTS JR	REGENT	2.00	Director	$0	$0	$0
HONORABLE KAMALA D HARRIS	REGENT	2.00	Director	$0	$0	$0
HONORABLE JOHN BOOZMAN	REGENT	2.00	Director	$0	$0	$0
HONORABLE CATHERINE CORTEZ MASTO	REGENT	2.00	Director	$0	$0	$0
HONORABLE GARY PETERS	REGENT	2.00	Director	$0	$0	$0
HONORABLE GARRET GRAVES	REGENT	2.00	Director	$0	$0	$0
HONORABLE DORIS MATSUI	REGENT	2.00	Director	$0	$0	$0
HONORABLE ADRIAN SMITH	REGENT	2.00	Director	$0	$0	$0
HONORABLE BARBARA M BARRETT	REGENT	3.00	Director	$0	$0	$0
MS TONI BUSH	REGENT	2.00	Director	$0	$0	$0
MR JOHN FAHEY	REGENT	3.00	Director	$0	$0	$0
MR ROGER W FERGUSON JR	REGENT	3.00	Director	$0	$0	$0
MR MICHEAL GOVAN	REGENT	3.00	Director	$0	$0	$0
DR RISA J LAVIZZO-MOUREY	REGENT	3.00	Director	$0	$0	$0
MR MICHAEL M LYNTON	REGENT	3.00	Director	$0	$0	$0
MS DENISE M O'LEARY	REGENT	2.00	Director	$0	$0	$0
MR FRANKLIN D RAINES	REGENT	2.00	Director	$0	$0	$0
MR LONNIE G BUNCH III	SECRETARY OF THE SMITHSONIAN	50.00	Officer	$915,469	$74,097	$989,566
MEROE PARK	DEPUTY SECRETARY & COO	50.00	Officer	$613,661	$49,924	$663,585
RONALD CORTEZ	UNDER SEC FOR FIN/ADMIN & CFO	50.00	Officer	$482,777	$76,133	$558,910
PORTER WILKINSON	CHIEF OF STAFF TO THE REGENTS	50.00	Officer	$253,749	$36,039	$289,788
FARLEIGH EARHART	GENERAL COUNSEL (ACTING)	50.00	Officer	$222,203	$26,362	$248,565
JOAN MOCKERIDGE	INSPECTOR GENERAL (ACTING)	50.00	Officer	$205,308	$35,434	$240,742
JENNIFER MCINTYRE	CHIEF LEGAL OFFICER	50.00	Officer	$0	$0	$0
NICOLE ANGARELLA	INSPECTOR GENERAL	50.00	Officer	$0	$0	$0
AMY CHEN	CHIEF INVESTMENT OFFICER	50.00	Key Emp	$1,147,877	$50,140	$1,198,017
ROBERT SPILLER	ASSISTANT SECRETARY FOR ADVANCEMENT	50.00	Key Emp	$443,009	$88,679	$531,688
KEVIN GOVER	UNDER SEC FOR HISTORY & CULTURE	50.00	Key Emp	$439,538	$76,133	$515,671
ELLEN STOFAN	UNDER SEC FOR SCIENCE & RESEARCH	50.00	Key Emp	$438,975	$70,662	$509,637
JULISSA MARENCO	ASST SEC. FOR COMM/EXT AFFAIRS & CMO	50.00	Key Emp	$301,376	$71,847	$373,223
DEREK ROSS	DIR, OFC OF PLNG, DSGN & CONST	50.00	Key Emp	$226,105	$35,761	$261,866
CAROL LEBLANC	PRESIDENT, SMITHSONIAN ENTERPRISES	50.00	Key Emp	$530,461	$71,065	$601,526
JEFFREY SMITH	INVESTMENT OFFICER	50.00	Highest	$699,892	$83,045	$782,937
MICHAEL GIOVENCO	INVESTMENT OFFICER	50.00	Highest	$647,978	$50,448	$698,426
RYAN DOTSON	INVESTMENT OFFICER	50.00	Highest	$573,416	$83,296	$656,712
MELISSA CHIU	DIR, HIRSHHORN MUSEUM & SCULPTUE GARDEN	50.00	Highest	$459,518	$73,135	$532,653
CHASE ROBINSON	DIR SACKLER GALLERY/FREER	50.00	Highest	$456,096	$59,781	$515,877
CATHY HELM THRU 90123	FMR, INSPECTOR GENERAL	50.00		$273,332	$18,574	$291,906
JUDITH LEONARD THRU 30123	FMR, GENERAL COUNSEL	50.00		$162,095	$19,850	$181,945
RICHARD KURIN THRU 93019	FMR, SR. SCHOLAR AND AMB-AT-LARGE	50.00		$365,110	$73,204	$438,314
ZULLY DORR THRU 093019	FMR, ACTING ASST SEC. FOR ADVANCEMENT	50.00		$244,297	$59,498	$303,795
DOUGLAS HALL THRU 93022	FMR, ACTING UNDER SEC. FOR ADMINISTR	50.00		$210,307	$33,913	$244,220
CHARLES ALCOCK THRU 123120	FMR DIR, HARVARD-SMITHSONIAN CENTER	50.00		$176,054	$22,083	$198,137
ROGER BRISSENDEN THRU 33121	FMR, ACTING UNDER SEC. FOR SCI & RSC	50.00		$195,182	$0	$195,182
NANCY BECHTOL THRU 123022	FMR DIR, SMITHSONIAN FACIILITIES	50.00		$104,371	$1,948	$106,319
ERA MARSHALL THRU 93019	FMR DIR, EQUAL EMPLOYMENT & SUPPLIER DIVERSITY	50.00		$134,535	$1,759	$136,294

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	$1,955,619,953	$1,679,118,317	$7,566,256,722	$276,501,636
2023	$1,876,542,577	$1,601,797,046	$7,198,888,846	$274,745,531
2022	$1,855,983,046	$1,487,646,437	$6,953,060,016	$368,336,609
2021	$1,804,763,983	$1,416,120,138	$7,059,162,886	$388,643,845
2020	$1,561,599,985	$1,394,014,893	$6,053,364,633	$167,585,092
2019	$1,601,124,226	$1,418,028,412	$5,420,805,051	$183,095,814
2018	$1,466,053,226	$1,390,817,397	$5,149,066,602	$75,235,829

SMITHSONIAN INSTITUTION