PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC (EIN 590854960) - 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

1949

Legal Domicile

Principal Officer

DOUGLAS ROBERTS

Phone

3056464200

Tax Period

2023-10-01 to 2024-09-30

PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC, founded in 1949, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $22.8M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $32.9M exceeded revenue, resulting in a 45% operating deficit.

Mission

FROST SCIENCE INSPIRES AND CONNECTS PEOPLE OF ALL AGES AND BACKGROUNDS TO ENJOY SCIENCE AND TECHNOLOGY, AND TO BETTER UNDERSTAND OURSELVES AND OUR WORLD.

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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 $3,058,684

Program Service Revenue $18,359,453

Investment Income $495,638

Other Revenue $861,240

TOTAL REVENUE $22,775,015

Expense Breakdown

Grants Paid $44,597

Salaries & Benefits $11,691,910

Fundraising Expenses $1,179,493

Program Expenses $27,264,578

Other Expenses $21,181,176

TOTAL EXPENSES $32,917,683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,775,015	$28,357,016	-0.2%
Expenses	$32,917,683	$35,209,334	-0.1%
Net Income	$-10,142,668	$-6,852,318	+0.5%

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

295

Volunteers

105

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

$766,112

Total Directors

Key Employees

$398,358

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CESAR L ALVAREZ	CHAIR	5.00	Director	$0	$0	$0
RICHARD C PFENNIGER JR	VICE CHAIR	5.00	Director	$0	$0	$0
CARLADENISE EDWARDS	DIRECTOR	3.00	Director	$0	$0	$0
STEVE R FRANK	DIRECTOR	3.00	Director	$0	$0	$0
PATRICIA FROST	DIRECTOR	5.00	Director	$0	$0	$0
PHILLIP FROST	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD LAMPEN	DIRECTOR	3.00	Director	$0	$0	$0
MARIALAURA LESLIE	DIRECTOR	3.00	Director	$0	$0	$0
TANVI VATTIKUTI ABBHI	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY APPLEBAUM	DIRECTOR	1.00	Director	$0	$0	$0
DR MATTHEW DENESUK	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH L FALK	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA FORGES	DIRECTOR	1.00	Director	$0	$0	$0
COMMISSIONER KEON HARDEMON	DIRECTOR	3.00	Director	$0	$0	$0
KELLY JIN	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD KURIN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MENDELSON	DIRECTOR	3.00	Director	$0	$0	$0
DR IOANNIS MIAOULIS	DIRECTOR	1.00	Director	$0	$0	$0
COMMISSIONER DAMIAN PARDO	DIRECTOR	1.00	Director	$0	$0	$0
PRADIP K PATIATH	DIRECTOR	1.00	Director	$0	$0	$0
OANA REEDY	DIRECTOR	1.00	Director	$0	$0	$0
OTI ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE MILLER SAIONTZ	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS ROBERTS	PRESIDENT & CEO	40.00	Officer	$249,050	$13,179	$262,229
GEORGE POWERS	COO	40.00	Officer	$273,018	$34,040	$307,058
JOSEPH QUINONES	VP OF EXTERNAL AFFAIRS	40.00	Officer	$183,467	$13,358	$196,825
STEVEN BAILEY	VP OF BIOLOGICAL PROGRAM	40.00	Key Emp	$215,130	$97	$215,227
BROOKS WEISBLAT	VP OF TECHNOLOGY	40.00	Key Emp	$165,036	$18,095	$183,131
ROSS CHUCHLA	VP OF FINANCE	40.00	Highest	$149,490	$13,032	$162,522
HELEN MCGUIRE	VP OF EXHIBITION DESIGN & DEVELOPMENT	40.00	Highest	$137,542	$6,135	$143,677
SHALEEN GODFREY	VP OF GUEST EXPERIENCE & SECURITY	40.00	Highest	$125,622	$11,937	$137,559
DONALD URICCHIO	SR DIRECTOR & LIVING EXHIBITIONS	40.00	Highest	$110,176	$11,206	$121,382
AMY GILLETTE	CFO	40.00		$253,118	$15,302	$268,420
FRANK STESLOW	PRESIDENT & CEO	40.00		$486,779	$13,221	$500,000
NATHALIE TAUREAU	VP OF REVENUE & STRATEGY	40.00		$149,591	$10,909	$160,500

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	$22,775,015	$32,917,683	$196,604,870	$-10,142,668
2023	$28,357,016	$35,209,334	$206,356,213	$-6,852,318
2022	$21,571,073	$29,171,431	$223,553,087	$-7,600,358
2021	$21,735,134	$27,003,867	$243,382,615	$-5,268,733
2020	$13,791,602	$27,902,313	$251,199,670	$-14,110,711
2019	$19,801,491	$32,319,994	$266,941,215	$-12,518,503
2018	$23,136,055	$36,520,013	$284,546,245	$-13,383,958

PHILLIP AND PATRICIA FROST MUSEUM OF SCIENCE INC