FLORIDA CHILDREN'S MUSEUM INC

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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

1990

Legal Domicile

Principal Officer

KERRY FALWELL

Phone

8636873869

Tax Period

2024-07-01 to 2025-06-30

FLORIDA CHILDREN'S MUSEUM INC, founded in 1990, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

CURATING THE WORLD FOR ALL CHILDREN TO EXPLORE

Program Service Accomplishments

Program 1

Expenses: $2,724,912 Revenue: $1,522,175

FLORIDA CHILDREN'S MUSEUM, INC. (THE MUSEUM) CURATES THE WORLD FOR ALL CHILDREN TO EXPLORE. THE MUSEUM, A 501(C)(3) NONPROFIT ORGANIZATION, OPERATES UNDER SEVEN GUIDING PRINCIPLES:1) WE EDUCATE...

FLORIDA CHILDREN'S MUSEUM, INC. (THE MUSEUM) CURATES THE WORLD FOR ALL CHILDREN TO EXPLORE. THE MUSEUM, A 501(C)(3) NONPROFIT ORGANIZATION, OPERATES UNDER SEVEN GUIDING PRINCIPLES:1) WE EDUCATE THROUGH PLAY.2) WE WELCOME ALL CHILDREN.3) OUR PEOPLE ARE OUR SECRET SAUCE.4) WE ARE HERE TO STAY.5) WE SERVE OUR COMMUNITY.6) OUR CHILDREN ARE SAFE AND SECURE.7) WE SERVE THE WHOLE FAMILY.(CONTINUED ON SCHEDULE O)THE MUSEUM OPENED IN DOWNTOWN LAKELAND, FLORIDA, IN 1991 AND PURCHASED THE FOUR-STORY HISTORIC KRESS BUILDING IN 1998. A NEW FACILITY DEBUTED IN LATE 2022 WHEN THE MUSEUM OPENED AS FLORIDA CHILDREN'S MUSEUM AT BONNET SPRINGS PARK IN A NEW, STATE-OF-THE-ART 47,800 SQUARE FOOT FACILITY. THE MUSEUM PRODUCES 2,600 EDUCATOR-DIRECTED PROGRAMS EACH YEAR IN ADDITION TO PRESENTING WORLD-CLASS, HANDS-ON EXHIBITS. FUNDING FOR EXHIBITS AND PROGRAMS IS DIVERSIFIED AND INCLUDES ADMISSION SALES, SPONSORSHIPS, GRANTS, AND PRIVATE DONATIONS. THE MUSEUM IS A "MUSEUMS FOR ALL" FACILITY, PROVIDING ACCESS TO FAMILIES WITH EBT CARDS FOR $3 ADMISSION PER PERSON. COMPLIMENTARY ADMISSIONS COMPRISED 15% OF TOTAL ADMISSIONS (2024-2025) AS GRANTS WERE OBTAINED TO ADMIT CHILDREN AND THEIR FAMILIES FOR FREE. IN FISCAL YEAR 2025, THE MUSEUM TRACKED 173,880 ADMISSIONS, 36,779 PROGRAM ATTENDEES AND 73,406 AT OUTREACH EVENTS FOR A TOTAL PUBLIC IMPACT OF 284,065 PEOPLE SERVED.

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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 $748,421

Program Service Revenue $1,509,562

Investment Income $44,840

Other Revenue $74,990

TOTAL REVENUE $2,377,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,435,567

Fundraising Expenses $160,996

Program Expenses $2,724,912

Other Expenses $1,795,457

TOTAL EXPENSES $3,231,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,377,813	$2,798,885	-0.2%
Expenses	$3,231,024	$3,092,030	+0.0%
Net Income	$-853,211	$-293,145	+1.9%

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

141

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

$178,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALLIE MILLER	PRESIDENT (VP THRU 12/24)	2.00	Officer Director	$0	$0	$0
LAUREN ALBAUM	PRES (THRU 12/24); (SEC AS OF 1/25)	2.00	Officer Director	$0	$0	$0
THOMAS LLOYD	IMMEDIATE PAST PRES (THRU 12/24)	2.00	Officer Director	$0	$0	$0
KATIE WORTHINGTON	VICE PRES (DIRECTOR THRU 12/24)	2.00	Officer Director	$0	$0	$0
PATRICK FAGAN	TREASURER (AS OF 1/25)	2.00	Officer Director	$0	$0	$0
PATRICK MURPHY	TREASURER (THRU 12/24)	2.00	Officer Director	$0	$0	$0
SARAH JOHNSTON	SECRETARY (THRU 12/24)	2.00	Officer Director	$0	$0	$0
EJ BENTON	DIRECTOR (AS OF 1/25)	1.00	Director	$0	$0	$0
KYLIA CARSWELL	DIRECTOR (THRU 12/24)	1.00	Director	$0	$0	$0
CRAIG COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CZERNEK	DIRECTOR (AS OF 1/25)	1.00	Director	$0	$0	$0
CRYSTAL DAVIS	DIRECTOR (AS OF 1/25)	1.00	Director	$0	$0	$0
ROXANE GRINER	DIRECTOR (AS OF 1/25)	1.00	Director	$0	$0	$0
VINCENT KING	DIRECTOR	1.00	Director	$0	$0	$0
CARLY LOVE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MOSES	DIRECTOR	1.00	Director	$0	$0	$0
APRIL MUCCI	DIRECTOR	1.00	Director	$0	$0	$0
PAM MUTZ	DIRECTOR	1.00	Director	$0	$0	$0
ANNALEE MUTZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANKIE NICOTRA	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA RAMIREZ	DIRECTOR (AS OF 1/25)	1.00	Director	$0	$0	$0
ANTHONY RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
SALLIE STONE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WOODSBY	DIRECTOR	1.00	Director	$0	$0	$0
KERRY FALWELL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$104,738	$1,279	$106,017
THERESA LAURETTA	CHIEF ADMINISTRATIVE OFFIC	32.00	Officer	$72,478	$120	$72,598

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	$2,377,813	$3,231,024	$17,757,445	$-853,211
2024	$2,798,885	$3,092,030	$18,706,487	$-293,145
2023	$3,985,407	$2,306,592	$19,414,053	$1,678,815
2022	$1,692,578	$800,050	$9,827,622	$892,528
2021	$4,691,978	$615,900	$6,443,048	$4,076,078
2020	$776,873	$691,275	$1,624,606	$85,598
2019	$649,314	$708,187	$1,098,927	$-58,873