VERO BEACH MUSEUM OF ART INC

EIN: 591867408 501(c)(3) Arts, Culture & Humanities

VERO BEACH, FL

Total Revenue
$69,441,773
Total Expenses
$9,581,094
Total Assets
$109,565,806
Net Assets
$107,114,866
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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
1978
Legal Domicile
FL
Principal Officer
BRADY ROBERTS
Phone
7722310707
Tax Period
2024-07-01 to 2025-06-30

VERO BEACH MUSEUM OF ART INC, founded in 1978, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $69.4M in total revenue in fiscal year 2024. Revenue surged 305% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59.9M, a strong 86% operating margin.

Mission

THE VERO BEACH MUSEUM OF ART PROVIDES CULTURAL LEADERSHIP AND ENRICHMENT FOR THE PUBLIC THROUGH A WIDE VARIETY OF EDUCATIONAL, STUDIO ART AND HUMANITIES PROGRAMS; A DIVERSITY OF QUALITY EXHIBITIONS; AND THE COLLECTION, PRESERVATION AND PRESENTATION OF IMPORTANT AMERICAN AND INTERNATIONAL WORKS OF ART.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $67,097,804
Program Service Revenue $846,004
Investment Income $1,122,331
Other Revenue $375,634
TOTAL REVENUE $69,441,773

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,769,922
Fundraising Expenses $2,191,362
Program Expenses $5,823,625
Other Expenses $5,098,588
TOTAL EXPENSES $9,581,094

Year-over-Year Comparison

2024 2023 Change
Revenue $69,441,773 $17,125,571 +3.1%
Expenses $9,581,094 $7,613,190 +0.3%
Net Income $59,860,679 $9,512,381 +5.3%
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

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
188

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
7
$509,433
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
G CONSTANCE MCGLYNN CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
JAMES C PENROSE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL HOBEN TREASURER 1.00
Officer Director
$0 $0 $0
RICHARD D SEGAL SECRETARY 1.00
Officer Director
$0 $0 $0
VICKI ASPBURY TRUSTEE 1.00
Director
$0 $0 $0
A CHARLES BAILLIE TRUSTEE 1.00
Director
$0 $0 $0
BRADLEY ANDERSON TRUSTEE 1.00
Director
$0 $0 $0
MARY E BLAIR TRUSTEE 1.00
Director
$0 $0 $0
RUSSELL BREWER II TRUSTEE 1.00
Director
$0 $0 $0
LISA BULLOCK TRUSTEE 1.00
Director
$0 $0 $0
SHERRY ANN DAYTON TRUSTEE 1.00
Director
$0 $0 $0
NELL KLEINSCHMIDT TRUSTEE 1.00
Director
$0 $0 $0
JOYCE MOSS TRUSTEE 1.00
Director
$0 $0 $0
THOMAS L PIPER III TRUSTEE 1.00
Director
$0 $0 $0
CHARLOTTE STIFEL TRUSTEE 1.00
Director
$0 $0 $0
RICHARD FRARY TRUSTEE 1.00
Director
$0 $0 $0
MARK GALANT TRUSTEE 1.00
Director
$0 $0 $0
DONALD H LAYTON TRUSTEE 1.00
Director
$0 $0 $0
JAMES D MARVER TRUSTEE 1.00
Director
$0 $0 $0
CATHY E MINEHAN TRUSTEE 1.00
Director
$0 $0 $0
JAMES C MORPHY TRUSTEE 1.00
Director
$0 $0 $0
DONALD STEINER TRUSTEE 1.00
Director
$0 $0 $0
HARVERY J STRUTHERS TRUSTEE 1.00
Director
$0 $0 $0
BRADY ROBERTS EXECUTIVE DIRECTOR 40.00
Officer
$329,135 $17,022 $346,157
CARIDAD WEBER DIRECTOR OF FINANCE 40.00
Officer
$111,545 $10,364 $121,909
JOHN SAFRANEK CFO/COO 40.00
Officer
$41,367 $0 $41,367
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 $69,441,773 $9,581,094 $109,565,806 $59,860,679
2024 $17,125,571 $7,613,190 $49,294,900 $9,512,381
2023 $21,826,442 $6,742,571 $75,480,959 $15,083,871
2022 $9,784,623 $6,004,461 $57,086,224 $3,780,162
2021 $8,493,938 $5,232,869 $60,866,235 $3,261,069
2020 $6,826,269 $5,959,291 $47,790,371 $866,978
2019 $6,437,616 $7,705,657 $48,483,589 $-1,268,041
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