TAMPA MUSEUM OF ART INC (EIN 591934721) - 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

1978

Legal Domicile

Principal Officer

THOMAS HOCHHAUSLER

Phone

8134218363

Tax Period

2023-01-01 to 2023-12-31

TAMPA MUSEUM OF ART INC, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.6M in total revenue in fiscal year 2023. Expenses of $6.6M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO COLLECT, PRESERVE, STUDY, AND EXHIBIT ICONIC AND IMPORTANT WORKS OF ART TO EDUCATE, ENGAGE, AND INSPIRE THE RESIDENTS OF OUR REGION AND OTHERS AROUND THE 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 $5,362,272

Program Service Revenue $522,752

Investment Income $0

Other Revenue $-257,501

TOTAL REVENUE $5,627,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,456,750

Fundraising Expenses $1,386,394

Program Expenses $4,282,976

Other Expenses $3,155,759

TOTAL EXPENSES $6,612,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,627,523	$5,529,156	+0.0%
Expenses	$6,612,509	$5,693,211	+0.2%
Net Income	$-984,986	$-164,055	+5.0%

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

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

$444,332

Total Directors

$444,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE FERNANDEZ	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
PENNY VINIK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CATHY GRANT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS HOCHHAUSLER	TREASURER	1.00	Officer Director	$0	$0	$0
KENNETH PAGES	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANNE JACOB	PAST CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL A TOMOR	EXECUTIVE DIRECTOR	39.00	Officer Director	$294,520	$149,812	$444,332
ALLISON ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
BELINDA ALEXANDER	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA CHANCEY	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE COTTON	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA CARTER	TRUSTEE	1.00	Director	$0	$0	$0
RON CHRISTALDI	TRUSTEE	1.00	Director	$0	$0	$0
ENRIQUE CRESPO	TRUSTEE	1.00	Director	$0	$0	$0
NANCY DE WAART	TRUSTEE	1.00	Director	$0	$0	$0
AG JERRY DIVERS	TRUSTEE (DECEASED 5/17/24)	1.00	Director	$0	$0	$0
HAL FLOWERS	TRUSTEE	1.00	Director	$0	$0	$0
STACY HAHN	TRUSTEE	1.00	Director	$0	$0	$0
REYNARD DURAN	TRUSTEE	1.00	Director	$0	$0	$0
IRENE HAKIM	TRUSTEE	1.00	Director	$0	$0	$0
HARRY COHEN	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA KESKINER	TRUSTEE	1.00	Director	$0	$0	$0
BOB ISBELL	TRUSTEE	1.00	Director	$0	$0	$0
SANDY JUSTER	TRUSTEE	1.00	Director	$0	$0	$0
KARENNE LEVY	TRUSTEE	1.00	Director	$0	$0	$0
LYRA LOGAN	TRUSTEE	1.00	Director	$0	$0	$0
GUIDO MANISCALCO	TRUSTEE	1.00	Director	$0	$0	$0
SANDY MURMAN	TRUSTEE	1.00	Director	$0	$0	$0
ANA CRUZ	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS ROGERO	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SCHUTT	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
ROHIT SAHNI	TRUSTEE	1.00	Director	$0	$0	$0
CARLOS SHARPLESS	TRUSTEE	1.00	Director	$0	$0	$0
LISA SIMINGTON	TRUSTEE	1.00	Director	$0	$0	$0
RICK SIMONETTI	TRUSTEE	1.00	Director	$0	$0	$0
LINCOLN TAMAYO	TRUSTEE	1.00	Director	$0	$0	$0
RENEE VAUGHN	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA WYSOCKI	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA STUBBS	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY TEPPER	TRUSTEE	1.00	Director	$0	$0	$0
CORNELIA CORBETT	TRUSTEE EMERITI	1.00	Director	$0	$0	$0
LANSE SCRIVEN	TRUSTEE	1.00	Director	$0	$0	$0
SARAH WATKINS	TRUSTEE	1.00	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	$5,627,523	$6,612,509	$20,525,210	$-984,986
2022	$5,529,156	$5,693,211	$21,941,425	$-164,055
2021	$4,685,160	$4,527,414	$21,710,466	$157,746
2020	$5,030,367	$4,047,229	$21,484,615	$983,138
2019	$2,570,651	$3,643,775	$21,797,267	$-1,073,124
2018	$2,544,060	$4,044,946	$21,715,044	$-1,500,886

TAMPA MUSEUM OF ART INC