MUSEUM OF FINE ARTS OF ST PETERSBU… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

KLAUDIO RODRIGUEZ

Phone

7278962667

Tax Period

2024-07-01 to 2025-06-30

MUSEUM OF FINE ARTS OF ST PETERSBURG FLORIDA INC, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $379K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 1592% operating deficit.

Mission

OUR MISSION IS TO ENGAGE, EDUCATE AND EXCITE THE COMMUNITY BY COLLECTING, EXHIBITING, AND PRESERVING WORKS OF ART FOR THE ENJOYMENT OF ALL. THE MUSEUM OF FINE ARTS, ST. PETERSBURG, FLORIDA (MFA) IS THE CULTURAL LEADER OF OUR COMMUNITY. OUR COMPREHENSIVE COLLECTION, EXHIBITIONS, AND PROGRAMS CELEBRATE ART AND ENGAGE THE DIVERSE CULTURES AND COMMUNITIES WE SERVE.WE VALUE:EXCELLENCE AND INTEGRITY IN THE MUSEUM'S STEWARDSHIPARTISTIC CREATIVITY AND CULTURAL DIVERSITYEDUCATION AND ENGAGEMENTCOMMITMENT AND INCLUSIVENESSBEST PRACTICES AS AN ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $3,541,337 Revenue: $661,285

ADMISSIONS - INCOME FROM ADMISSIONS FURTHERS THE EXEMPT PURPOSE OF THE MUSEUM BY PROMOTING ART AND CULTURE WITHIN THE TAMPA BAY AREA.

Program 2

Expenses: $1,237,392 Revenue: $231,062

MEMBERSHIP DUES - INCOME FROM MEMBERSHIP DUES FURTHERS THE EXEMPT PURPOSE OF THE MUSEUM BY PROMOTING INVOLVEMENT OF THE MEMBERS IN THE PROGRAMS AND EXHIBITS OFFERED BY THE MUSEUM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $950,082

Program Service Revenue $892,347

Investment Income $-2,392,197

Other Revenue $928,872

TOTAL REVENUE $379,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,273,337

Fundraising Expenses $492,329

Program Expenses $4,778,729

Other Expenses $4,141,133

TOTAL EXPENSES $6,414,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$379,104	$2,285,734	-0.8%
Expenses	$6,414,470	$6,275,910	+0.0%
Net Income	$-6,035,366	$-3,990,176	+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

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

$270,855

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PIERS DAVIES	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
TRACY MAETER	VICE CHAIR	5.00	Officer Director	$0	$0	$0
TIM COOP	TREASURER	5.00	Officer Director	$0	$0	$0
EMILY ELWYN	SECRETARY	5.00	Officer Director	$0	$0	$0
MARK ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
MATT BISSET	TRUSTEE	1.00	Director	$0	$0	$0
MARIA CANTONIS	TRUSTEE	1.00	Director	$0	$0	$0
DIMITY CARLSON	TRUSTEE	1.00	Director	$0	$0	$0
HALEY COHEN	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT DRAPKIN	TRUSTEE	1.00	Director	$0	$0	$0
BELINDA DUMONT	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE FRASER	TRUSTEE	1.00	Director	$0	$0	$0
LISA FUNSCH	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN HICKS	TRUSTEE	1.00	Director	$0	$0	$0
JUDY HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
YA LA'FORD	TRUSTEE	1.00	Director	$0	$0	$0
ELISE MINKOFF	TRUSTEE	1.00	Director	$0	$0	$0
GLENN MOSBY	TRUSTEE	1.00	Director	$0	$0	$0
JULIA RICHARDSON	TRUSTEE	1.00	Director	$0	$0	$0
LISA SIMINGTON	TRUSTEE	1.00	Director	$0	$0	$0
CORRIE STOVER	TRUSTEE	1.00	Director	$0	$0	$0
DARCY SCHULLER	CSO	50.00	Officer	$181,700	$15,639	$197,339
KLAUDIO RODRIGUEZ	EXECUTIVE DIRECTOR	50.00	Officer	$65,145	$8,371	$73,516
J STANTON THOMAS	SR. CURATOR	50.00	Highest	$119,863	$13,165	$133,028

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
2025	$379,104	$6,414,470	$42,968,819	$-6,035,366
2024	$2,285,734	$6,275,910	$42,457,030	$-3,990,176
2023	$3,644,976	$7,354,493	$42,034,430	$-3,709,517
2022	$6,306,270	$6,948,831	$43,948,194	$-642,561
2021	$3,959,049	$5,054,310	$51,064,193	$-1,095,261
2020	$14,942,795	$5,950,393	$46,016,671	$8,992,402
2019	$8,737,855	$6,127,418	$37,669,528	$2,610,437
2018	$4,927,599	$5,437,114	$48,097,673	$-509,515

MUSEUM OF FINE ARTS OF ST PETERSBURG FLORIDA INC