JORGE M PEREZ ART MUSEUM OF MIAMI-DADE COUNTY INC

EIN: 592048869 501(c)(3) Arts, Culture & Humanities

MIAMI, FL

Total Revenue
$41,289,826
Total Expenses
$21,623,190
Total Assets
$179,070,485
Net Assets
$174,269,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
FL
Principal Officer
MARK B ROSENBLUM
Phone
3053753000
Tax Period
2023-01-01 to 2023-12-31

JORGE M PEREZ ART MUSEUM OF MIAMI-DADE COUNTY INC, founded in 1996, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $41.3M in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.7M, a strong 48% operating margin.

Mission

OUR MISSION IS TO BE A LEADER IN THE PRESENTATION, STUDY, INTERPRETATION, AND CARE OF INTERNATIONAL MODERN AND CONTEMPORARY ART, WHILE REPRESENTING AND CHERISHING THE UNIQUE DIVERSITY OF MIAMI-DADE. THROUGH OUR EXHIBITIONS AND PROGRAMS, WE AIM TO ENCOURAGE EVERYONE TO SEE ART AS AN INCENTIVE FOR GENUINE HUMAN INTERACTION, COMMUNICATION, AND EXCHANGE.

Program Service Accomplishments

Program 1
Expenses: $12,567,701 Revenue: $4,033,994

VARIOUS ART EXHIBITIONS, EDUCATIONAL PROGRAMS, LECTURES AND OTHER RELATED EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,191,338
Program Service Revenue $1,917,132
Investment Income $827,332
Other Revenue $3,354,024
TOTAL REVENUE $41,289,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,247,923
Fundraising Expenses $2,839,548
Program Expenses $12,567,701
Other Expenses $14,375,267
TOTAL EXPENSES $21,623,190

Year-over-Year Comparison

2023 2022 Change
Revenue $41,289,826 $18,055,971 +1.3%
Expenses $21,623,190 $19,192,214 +0.1%
Net Income $19,666,636 $-1,136,243 -18.3%
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
47
Independent Members
47
Employees
135
Volunteers
47

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
5
$0
Total Directors
53
$0
Key Employees
3
$1,181,941
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AARON PODHURST CHAIRMAN 4.00
Officer Director
$0 $0 $0
LUKE R PALACIO PRESIDENT 4.00
Officer Director
$0 $0 $0
DOROTHY TERRELL VP UNTIL 05/23 THEN TRUSTEE 2.00
Director
$0 $0 $0
SANDRA TAMER SECRETARY 4.00
Officer Director
$0 $0 $0
T CHRISTIAN ARMSTRONG TREASURER 4.00
Officer Director
$0 $0 $0
MITCHELL A BIERMAN TRUSTEE 4.00
Director
$0 $0 $0
GREGORY C FERRERO EX-OFFICIO PRESIDENT 4.00
Director
$0 $0 $0
MARIA C BECHILY TRUSTEE 4.00
Director
$0 $0 $0
KAREN H BECHTEL TRUSTEE UNTIL 05/23 THEN VP 4.00
Officer Director
$0 $0 $0
BARRON CHANNER TRUSTEE 1.00
Director
$0 $0 $0
ARLENE CHAPLIN TRUSTEE 1.00
Director
$0 $0 $0
SEBASTIAN ECHAVARRIA TRUSTEE 1.00
Director
$0 $0 $0
JOHN D FUMAGALLI TRUSTEE 1.00
Director
$0 $0 $0
ROSE ELLEN MEYERHOFF GREENE TRUSTEE 4.00
Director
$0 $0 $0
DIANE GROB TRUSTEE 2.00
Director
$0 $0 $0
ADRI GUHA TRUSTEE 2.00
Director
$0 $0 $0
DEBORAH HOFFMAN TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDER HURST TRUSTEE 1.00
Director
$0 $0 $0
ERIC G JOHNSON TRUSTEE 1.00
Director
$0 $0 $0
LAURA B KAPLAN TRUSTEE 2.00
Director
$0 $0 $0
PATRICIA M KLEH TRUSTEE UNTIL 05/2023 2.00
Director
$0 $0 $0
SIMON P LEVINE TRUSTEE 1.00
Director
$0 $0 $0
W PATRICK MCDOWELL TRUSTEE 2.00
Director
$0 $0 $0
DERYL MCKISSACK TRUSTEE 1.00
Director
$0 $0 $0
DIANE MOSS TRUSTEE 2.00
Director
$0 $0 $0
DR MARK E OREN TRUSTEE 2.00
Director
$0 $0 $0
NEDRA OREN TRUSTEE 2.00
Director
$0 $0 $0
PATRICIA PAPPER SECOND VICE-PRESIDENT 2.00
Director
$0 $0 $0
JORGE M PEREZ TRUSTEE 4.00
Director
$0 $0 $0
SYLVIA T POPE TRUSTEE 1.00
Director
$0 $0 $0
STEPHEN ROBERT TRUSTEE 1.00
Director
$0 $0 $0
CRAIG ROBINS TRUSTEE 1.00
Director
$0 $0 $0
LEE BRIAN SCHRAGER TRUSTEE 1.00
Director
$0 $0 $0
NICHOLAS J SINGER TRUSTEE 2.00
Director
$0 $0 $0
JUAN TORO TRUSTEE 1.00
Director
$0 $0 $0
WALID G WAHAB TRUSTEE 4.00
Director
$0 $0 $0
MARY WOLFSON TRUSTEE 1.00
Director
$0 $0 $0
ALEXA WOLMAN TRUSTEE 4.00
Director
$0 $0 $0
JIM BILDNER TRUSTEE UNTIL 05/2023 2.00
Director
$0 $0 $0
JULIA BROWN TRUSTEE 1.00
Director
$0 $0 $0
ANDREW CARTON TRUSTEE UNTIL 05/2023 1.00
Director
$0 $0 $0
DANIEL DE LA VEGA TRUSTEE UNTIL 05/2023 1.00
Director
$0 $0 $0
CHELSEA HIRSCHHORN TRUSTEE UNTIL 05/2023 1.00
Director
$0 $0 $0
KIMBERLY MARSHALL TRUSTEE 2.00
Director
$0 $0 $0
VICTORIA ROGERS TRUSTEE 2.00
Director
$0 $0 $0
PADMA RAJ VATTIKUTI TRUSTEE 1.00
Director
$0 $0 $0
ALEXANDRA WILKIS WILSON TRUSTEE UNTIL 05/2023 1.00
Director
$0 $0 $0
CAMILO MIGUEL JR TRUSTEE AS OF 05/23 1.00
Director
$0 $0 $0
JON PAUL PEREZ TRUSTEE AS OF 05/23 1.00
Director
$0 $0 $0
JAMES CURNIN TRUSTEE AS OF 10/23 1.00
Director
$0 $0 $0
JOSHUA WEINSTEIN TRUSTEE AS OF 10/23 2.00
Director
$0 $0 $0
SUZY WAHBA TRUSTEE 2.00
Director
$0 $0 $0
DOROTHEA GREEN TRUSTEE 1.00
Director
$0 $0 $0
MARK ROSENBLUM COO / CFO 40.00
Key Emp
$284,981 $12,271 $297,252
FRANKLIN SIRMANS EXECUTIVE DIRECTOR 40.00
Key Emp
$649,095 $12,604 $661,699
M THERESE VENTO GENERAL COUNSEL 40.00
Key Emp
$210,486 $12,504 $222,990
EMMA HEALD DIRECTOR OF DEVELOPMENT 40.00
Highest
$157,339 $11,064 $168,403
GILBERT VICARIO CHIEF CURATOR 40.00
Highest
$170,258 $9,424 $179,682
ROBERT TOFOLO SENIOR DIRECTOR OF FINANCE 40.00
Highest
$126,023 $9,693 $135,716
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 $41,289,826 $21,623,190 $179,070,485 $19,666,636
2022 $18,055,971 $19,192,214 $155,528,152 $-1,136,243
2021 $20,155,933 $17,542,065 $170,476,765 $2,613,868
2020 $13,995,366 $15,635,517 $166,856,508 $-1,640,151
2019 $17,997,818 $20,230,978 $165,393,307 $-2,233,160
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