TELFAIR MUSEUM OF ART INC (EIN 580610074) - 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

1920

Legal Domicile

Principal Officer

JOSEPH RUDDER

Phone

9127908874

Tax Period

2023-01-01 to 2023-12-31

TELFAIR MUSEUM OF ART INC, founded in 1920, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.7M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $8.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE TELFAIR MUSEUM OF ART OFFERS COMPELLING EXPRESSIONS OF VISUAL CULTURE - EMBRACING THREE UNIQUE BUILDINGS AND THREE DISTINCT COLLECTIONS THAT BRIDGE THREE CENTURIES OF ART AND ARCHITECTURE. THE MUSEUM DEVELOPS AWARENESS, UNDERSTANDING, AND APPRECIATION OF THE ARTS AND SERVES AS A DYNAMIC CULTURAL CENTER CONNECTING PEOPLE OF ALL AGES AND BACKGROUNDS.

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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 $4,298,066

Program Service Revenue $2,480,829

Investment Income $1,295,879

Other Revenue $-350,795

TOTAL REVENUE $7,723,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,664,397

Fundraising Expenses $899,147

Program Expenses $6,370,319

Other Expenses $4,952,253

TOTAL EXPENSES $8,616,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,723,979	$10,178,446	-0.2%
Expenses	$8,616,650	$7,779,429	+0.1%
Net Income	$-892,671	$2,399,017	-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

100

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

$428,280

Total Directors

$428,280

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN SIMONS	DIRECTOR/CEO	50.00	Officer Director	$260,400	$8,340	$268,740
JOSEPH RUDDER	CFO/COO	50.00	Officer Director	$153,600	$5,940	$159,540
SUSAN WILLETTS	TREASURER & CHAIR-ELECT	10.00	Officer Director	$0	$0	$0
REBECCA G OGDEN	SECRETARY	10.00	Officer Director	$0	$0	$0
JOHN J NEELY III	LEGAL COUNSEL	10.00	Officer Director	$0	$0	$0
JOSH KELLER	CHAIRMAN	10.00	Officer Director	$0	$0	$0
KENDALL M MCCURRY	VICE-CHAIR	10.00	Officer Director	$0	$0	$0
TOM REILLY	VICE-CHAIR	10.00	Officer Director	$0	$0	$0
VINCENT WEST	VICE-CHAIR	10.00	Officer Director	$0	$0	$0
SWANN SEILER	IMMEDIATE PAST CHAIR	10.00	Officer Director	$0	$0	$0
KERRY BREITBART	TRUSTEE	3.00	Director	$0	$0	$0
JOHN E CAY IV	TRUSTEE	3.00	Director	$0	$0	$0
DOLLY R CHISHOLM ESQ	TRUSTEE	3.00	Director	$0	$0	$0
LEDA CHONG	TRUSTEE	3.00	Director	$0	$0	$0
MEREDITH R DULANY	TRUSTEE	3.00	Director	$0	$0	$0
RONALD GANTT	TRUSTEE	3.00	Director	$0	$0	$0
CATHERINE V JOHNSTON	TRUSTEE	3.00	Director	$0	$0	$0
CHARLES A HINNANT	TRUSTEE	3.00	Director	$0	$0	$0
LORI JUDGE	TRUSTEE	3.00	Director	$0	$0	$0
RICHARD C KESSLER	TRUSTEE	3.00	Director	$0	$0	$0
PAMELA LEWANDA	TRUSTEE	3.00	Director	$0	$0	$0
LESLIE B LITTLEJOHN	TRUSTEE	3.00	Director	$0	$0	$0
QUENTIN L MARLIN	TRUSTEE	3.00	Director	$0	$0	$0
ROGER MOSS JR	TRUSTEE	3.00	Director	$0	$0	$0
CB RICHARDSON III	TRUSTEE	3.00	Director	$0	$0	$0
ALAN SHERIFF	TRUSTEE	3.00	Director	$0	$0	$0
KIMBERLY SMITH	TRUSTEE	3.00	Director	$0	$0	$0
COURTLAND STEVENS	TRUSTEE	3.00	Director	$0	$0	$0
MARTI B SULLIVAN	TRUSTEE	3.00	Director	$0	$0	$0
STEPHEN D TAYLOR	TRUSTEE	3.00	Director	$0	$0	$0
KIMBERLY BALLARD-WASHINGTON	TRUSTEE	3.00	Director	$0	$0	$0
MATTHEW A WEST	TRUSTEE	3.00	Director	$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	$7,723,979	$8,616,650	$61,599,787	$-892,671
2022	$10,178,446	$7,779,429	$59,685,824	$2,399,017
2021	$7,397,922	$5,997,515	$65,681,011	$1,400,407
2020	$7,859,124	$5,608,917	$63,112,056	$2,250,207
2019	$9,976,075	$6,734,636	$59,625,875	$3,241,439
2018	$6,710,737	$6,544,468	$54,882,497	$166,269

TELFAIR MUSEUM OF ART INC