MUSEUM OF ARTS AND SCIENCES INC (EIN 591022050) - 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

1963

Legal Domicile

Principal Officer

TABITHA SCHMIDT

Phone

3852550285

Tax Period

2023-01-01 to 2023-12-31

MUSEUM OF ARTS AND SCIENCES INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.8M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $4.9M left a modest 15% surplus.

Mission

THE MUSEUM OF ARTS AND SCIENCES, INC. PURPOSE IS TO RENDER EDUCATIONAL AND CULTURAL SERVICES TO THE COMMUNITY THROUGH THE COLLECTION, PRESERVATION, CONSERVATION AND INTERPRETATION OF ORIGINAL AND SIGNIFICANT OBJECTS THAT ARE THE CULTURAL HERITAGE OF THIS COMMUNITY. PARTICULAR EMPHASIS IS DIRECTED TO PROGRAMS FOR BRINGING ABOUT A BETTER UNDERSTANDING AND APPRECIATION OF ART, THE WORLD IN WHICH WE LIVE, AND THE NATURAL AND SOCIAL SCIENCES EMBODIED IN THE HISTORY OF MANKIND.

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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 $2,084,345

Program Service Revenue $848,004

Investment Income $2,400,716

Other Revenue $454,756

TOTAL REVENUE $5,787,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,982,914

Fundraising Expenses $393,349

Program Expenses $4,530,083

Other Expenses $2,955,390

TOTAL EXPENSES $4,938,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,787,821	$4,364,950	+0.3%
Expenses	$4,938,304	$4,624,927	+0.1%
Net Income	$849,517	$-259,977	-4.3%

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

235

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

Total Directors

$199,324

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TABITHA SCHMIDT	EXECUTIVE DI	40.00	Director	$199,324	$0	$199,324
CICI BROWN	TRUSTEE LIAI	10.00	Officer Director	$0	$0	$0
BILL CHAPIN	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
MELINDA DAWSON	TRUSTEE	5.00	Director	$0	$0	$0
JERI DELGADO	TRUSTEE	5.00	Director	$0	$0	$0
RANDY DYE	TRUSTEE	5.00	Director	$0	$0	$0
TOM HART	PAST PRESIDE	10.00	Officer Director	$0	$0	$0
BRUCE HEUGEL	TRUSTEE	5.00	Director	$0	$0	$0
TODD HUFFSTICKLER	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHERINE HURST MILLER	TRUSTEE	5.00	Director	$0	$0	$0
ALLISON MORRIS-ZACHARIAS	TRUSTEE	5.00	Director	$0	$0	$0
ANN PHILLIPS	SECRETARY	10.00	Officer Director	$0	$0	$0
DIANNE ROGERS	GUILD PRESID	10.00	Officer Director	$0	$0	$0
JUDGE BELLE SCHUMANN	TRUSTEE	5.00	Director	$0	$0	$0
DR KENT SHARPLES	ASSISTANT VP	10.00	Officer Director	$0	$0	$0
JILL SIMPKINS	TRUSTEE	5.00	Director	$0	$0	$0
ANDREW WATTS	TREASURER	10.00	Officer Director	$0	$0	$0
JACK WHITE	ASSISTANT TR	10.00	Director	$0	$0	$0
AMY WORKOWSKI	TRUSTEE	5.00	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	$5,787,821	$4,938,304	$79,367,718	$849,517
2022	$4,364,950	$4,624,927	$76,243,903	$-259,977
2021	$4,243,163	$3,926,318	$83,635,410	$316,845
2020	$4,767,988	$3,936,704	$79,803,454	$831,284
2019	$17,658,476	$4,369,586	$77,114,776	$13,288,890
2018	$4,174,285	$3,932,607	$61,284,471	$241,678

MUSEUM OF ARTS AND SCIENCES INC