Museum of Craft and Design (EIN 550830529) - 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

2003

Legal Domicile

Principal Officer

Neil O'Donnell

Phone

4157730303

Tax Period

2023-01-01 to 2023-12-31

Museum of Craft and Design, founded in 2003, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Net assets of $7.3M represent 32 months of operating reserves.

Mission

The Museum of Craft and Design (MCD) makes creativity accessible to everyone. Through inspired exhibitions and experiential programs, MCD explores the creative process and current perspectives in craft and design.

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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 $2,570,930

Program Service Revenue $61,759

Investment Income $214,805

Other Revenue $-87,999

TOTAL REVENUE $2,759,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,463,981

Fundraising Expenses $266,293

Program Expenses $1,527,886

Other Expenses $1,247,004

TOTAL EXPENSES $2,710,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,759,495	$2,912,047	-0.1%
Expenses	$2,710,985	$3,028,245	-0.1%
Net Income	$48,510	$-116,198	-1.4%

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

$275,740

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JoAnn Edwards	Executive Dir.	40.00	Officer	$265,135	$10,605	$275,740
Sarah Kermensky	Development Dir	40.00		$125,250	$12,887	$138,137
Clarissa Kalman	Finance Director	40.00		$106,667	$4,267	$110,934
Neil O'Donnell	Board Chair	5.00	Officer Director	$0	$0	$0
Babette Pinsky	Vice President	5.00	Officer Director	$0	$0	$0
Andy Astor	Treasurer	5.00	Officer Director	$0	$0	$0
Peggy Dalal	Secretary	5.00	Officer Director	$0	$0	$0
Robin Azevedo	Director	3.00	Director	$0	$0	$0
Kelly Koski	Director	3.00	Director	$0	$0	$0
Emily Meyer	Director	3.00	Director	$0	$0	$0
Joy Ou	Director	3.00	Director	$0	$0	$0
Michon Pinnix	Director	3.00	Director	$0	$0	$0
Shujan Bertrand	Director	3.00	Director	$0	$0	$0
Jason Kelly Johnson	Director	3.00	Director	$0	$0	$0
Gretchen Wustrack	Director	3.00	Director	$0	$0	$0
Nora Atkinson	Executive Dir.	0.00	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	$2,759,495	$2,710,985	$7,813,397	$48,510
2022	$2,912,047	$3,028,245	$7,590,748	$-116,198
2021	$2,375,562	$2,203,423	$8,469,025	$172,139
2020	$3,194,280	$1,896,947	$8,166,712	$1,297,333
2019	$3,200,431	$2,357,747	$5,587,300	$842,684

Museum of Craft and Design