NORTON MUSEUM OF ART INC (EIN 590624432) - 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

1941

Legal Domicile

Principal Officer

ALLISON FRANCIS

Phone

5618325196

Tax Period

2023-10-01 to 2024-09-30

NORTON MUSEUM OF ART INC, founded in 1941, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $34.5M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $11.5M, a strong 33% operating margin.

Mission

THE NORTON MUSEUM OF ART WELCOMES VISITORS TO EXPERIENCE THE (SEE CONTINUATION IN SCHEDULE O) TRANSFORMATIVE POWER OF ART THROUGH INTIMATE AND CREATIVE ENCOUNTERS WITH WIDE-RANGING COLLECTIONS AND PROGRAMS OF THE HIGHEST QUALITY.

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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 $23,071,784

Program Service Revenue $3,320,477

Investment Income $4,073,261

Other Revenue $4,048,490

TOTAL REVENUE $34,514,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,660,885

Fundraising Expenses $1,451,925

Program Expenses $14,823,849

Other Expenses $14,344,778

TOTAL EXPENSES $23,005,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,514,012	$60,306,263	-0.4%
Expenses	$23,005,663	$22,453,908	+0.0%
Net Income	$11,508,349	$37,852,355	-0.7%

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

182

Volunteers

130

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

$569,059

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE GENDELMAN	CHAIRMAN	6.00	Officer Director	$0	$0	$0
KELLY WILLIAMS	VICE CHAIR	4.00	Officer Director	$0	$0	$0
ROGER W FERGUSON JR	TREASURER	4.00	Officer Director	$0	$0	$0
PAM REYES	SECRETARY	4.00	Officer Director	$0	$0	$0
FRANK BAKER	TRUSTEE	2.00	Director	$0	$0	$0
JANE CARROLL	TRUSTEE	2.00	Director	$0	$0	$0
GLENN CREAMER	TRUSTEE	2.00	Director	$0	$0	$0
THOMPSON DEAN	TRUSTEE	2.00	Director	$0	$0	$0
CHIP DIPAULA	TRUSTEE	2.00	Director	$0	$0	$0
LILLIAN FERNANDEZ	TRUSTEE	2.00	Director	$0	$0	$0
CANDIA FISHER	TRUSTEE	2.00	Director	$0	$0	$0
ANNABELLE K GARRETT	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA GOERGEN	TRUSTEE	2.00	Director	$0	$0	$0
AUDREY GRUSS	TRUSTEE	2.00	Director	$0	$0	$0
RONNIE HEYMAN	TRUSTEE	2.00	Director	$0	$0	$0
JANE HOLZER	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE JACOBS	TRUSTEE	2.00	Director	$0	$0	$0
LORNA JAMES	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS S JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
IRENE KARP	TRUSTEE	2.00	Director	$0	$0	$0
BETTY LEVIN	TRUSTEE	2.00	Director	$0	$0	$0
JACK LEVY	TRUSTEE	2.00	Director	$0	$0	$0
GILBERT C MAURER	TRUSTEE	2.00	Director	$0	$0	$0
HEIDI MCWILLIAMS	TRUSTEE	2.00	Director	$0	$0	$0
GEORGE MERCK	TRUSTEE	2.00	Director	$0	$0	$0
HILARIE MORGAN	TRUSTEE	2.00	Director	$0	$0	$0
JOHN NIBLACK	TRUSTEE	2.00	Director	$0	$0	$0
MARGARITA PINKOS	TRUSTEE	2.00	Director	$0	$0	$0
GOPAL RAJEGOWDA	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD SALOMON	TRUSTEE	2.00	Director	$0	$0	$0
LEW SANDERS	TRUSTEE	2.00	Director	$0	$0	$0
JEAN SHARF	TRUSTEE	2.00	Director	$0	$0	$0
TAD SMITH	TRUSTEE	2.00	Director	$0	$0	$0
YOUNG SONG	TRUSTEE	2.00	Director	$0	$0	$0
LISA TANNANBAUM	TRUSTEE	2.00	Director	$0	$0	$0
FRANCINE WALKER	TRUSTEE	2.00	Director	$0	$0	$0
JANE WILF	TRUSTEE	2.00	Director	$0	$0	$0
SUE HOSTETLER WRIGLEY	TRUSTEE	2.00	Director	$0	$0	$0
SOPHOCLES ZOULLAS	TRUSTEE	2.00	Director	$0	$0	$0
RANDI BITOVE	EX OFFICIO TRUSTEE	2.00	Director	$0	$0	$0
HOWARD COX	EX OFFICIO TRUSTEE	2.00	Director	$0	$0	$0
ANNE REYES	EX OFFICIO TRUSTEE	2.00	Director	$0	$0	$0
ROBBI TOLL	EX OFFICIO TRUSTEE	2.00	Director	$0	$0	$0
GHISLAIN D'HUMIERES	DIRECTOR AND CEO	40.00	Officer	$396,098	$6,929	$403,027
ALLISON FRANCIS	CFO	40.00	Officer	$159,185	$6,847	$166,032
CAROLINE A ASHLEY	CHIEF DEVELOPMENT AND EXTERNAL AFFAIRS OFFICER	40.00	Highest	$228,545	$6,932	$235,477
KAREN MAHONEY	CHIEF PEOPLE AND OPERATIONS OFFICER	40.00	Highest	$141,784	$4,317	$146,101
ARDEN SHERMAN	CURATOR OF CONTEMPORARY ART	40.00	Highest	$149,114	$6,297	$155,411
JONATHAN C WEMETTE	CHIEF OF STAFF AND GOVERNA	40.00	Highest	$139,983	$6,842	$146,825
JOHN SAFRANEK	FORMER CFO	40.00		$143,655	$1,987	$145,642

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	$34,514,012	$23,005,663	$276,505,429	$11,508,349
2023	$60,306,263	$22,453,908	$264,307,170	$37,852,355
2022	$29,356,493	$19,142,121	$218,173,550	$10,214,372
2021	$26,618,274	$14,602,096	$222,458,211	$12,016,178
2020	$19,331,252	$17,611,993	$198,420,439	$1,719,259
2019	$16,816,679	$19,613,695	$214,814,864	$-2,797,016
2018	$53,817,839	$11,965,378	$213,124,458	$41,852,461

NORTON MUSEUM OF ART INC