THE JOHN & MABLE RINGLING MUSEUM OF ART FOUNDATION INCORPORATED (EIN 596214423) - 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

STEVEN HIGH

Phone

9413595700

Tax Period

2024-07-01 to 2025-06-30

THE JOHN & MABLE RINGLING MUSEUM OF ART FOUNDATION INCORPORATED, founded in 1978, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE JOHN & MABLE RINGLING MUSEUM OF ART FOUNDATION, INC. IS A DIRECT-SUPPORT ORGANIZATION AS DEFINED IN FLORIDA STATUTE 1004.45 FOR THE BENEFIT OF THE JOHN & MABLE RINGLING MUSEUM OF ART. THE RINGLING MUSEUM, AS THE STATE ART MUSEUM OF FLORIDA, IS OPERATED BY FLORIDA STATE UNIVERSITY AND FEATURES CA' D'ZAN, MUSEUM OF ART, TIBBALS LEARNING CENTER, CIRCUS MUSEUM, HISTORIC ASOLO THEATER, ULLA R. AND ARTHUR F. SEARING WING, TING TSUNG AND WEI FONG CHAO CENTER FOR ASIAN ART, KEITH D. MONDA GALLERY FOR CONTEMPORARY ART, KOTLER-COVILLE GLASS PAVILION, JOHNSON-BLALOCK EDUCATION CENTER, AND ADDITIONAL VENUES SITUATED ON 66 ACRES OF BAYFRONT PROPERTY IN SARASOTA. THE RINGLING MUSEUM OF ART FOUNDATION PROVIDES SUPPORT TO THE MUSEUM IN ORDER TO ENHANCE AND ENRICH THE EXPERIENCE OF ITS GUESTS AND INCLUDES SUPPORT FOR SPECIAL EXHIBITIONS, COLLECTIONS CONSERVATION AND CARE, AND EDUCATION PROGRAMMING. THE RINGLING MUSEUM IS THE LARGEST UNIVERSITY ART MUSEUM COMPLEX IN THE UNITED STATES AND SERVES AS THE LEGACY OF JOHN AND MABLE RINGLING: A PLACE OF ART, ARCHITECTURE, AND CIRCUS IN AN ENVIRONMENT THAT INSPIRES, EDUCATES, AND ENTERTAINS.

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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 $2,668,709

Program Service Revenue $0

Investment Income $261,071

Other Revenue $-47,998

TOTAL REVENUE $2,881,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $468,151

Program Expenses $1,798,652

Other Expenses $3,450,475

TOTAL EXPENSES $3,450,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,881,782	$3,370,883	-0.1%
Expenses	$3,450,475	$3,332,075	+0.0%
Net Income	$-568,693	$38,808	-15.7%

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

N/A

Volunteers

380

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

$584,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HIGH	EXECUTIVE DIRECTOR	40.00	Officer	$0	$94,072	$398,832
JEAN EVANS	DEPUTY DIRECTOR	40.00	Officer	$0	$45,554	$185,881
MARGARET D HAUSBERG	CHAIR	1.00	Officer Director	$0	$0	$0
H MICHAEL BUSH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID BENFER	TREASURER	1.00	Officer Director	$0	$0	$0
MERCEDES SOLER-MARTINEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
JASLEEN ANAND	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS W ARCHER	DIRECTOR	1.00	Director	$0	$0	$0
ADELE FLEET BACOW	DIRECTOR	1.00	Director	$0	$0	$0
MARLA VICKERS	DIRECTOR	1.00	Director	$0	$0	$0
SEMMES BRIGHTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES B STEWART PHD	DIRECTOR	1.00	Director	$0	$0	$0
LARRY J CUERVO JR	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA DONELSON	DIRECTOR	1.00	Director	$0	$0	$0
DR ANDREW M ECONOMOS	DIRECTOR	1.00	Director	$0	$0	$0
LEON R ELLIN	DIRECTOR	1.00	Director	$0	$0	$0
ELMA GLISSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON GREGORY	DIRECTOR	1.00	Director	$0	$0	$0
DR JAMES J CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DR RONALD A JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
E MARIE MCKEE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE TIBBALS MOBLEY	DIRECTOR	1.00	Director	$0	$0	$0
XOCHITL NAPOLES	DIRECTOR	1.00	Director	$0	$0	$0
DR HOWARD D NOBLE JR	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY PARRIS	DIRECTOR	1.00	Director	$0	$0	$0
FREDERIC D PFENING III	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ANN ROMANOFF	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN SANDOR	DIRECTOR	1.00	Director	$0	$0	$0
MAYRA NIUBO SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA JEAN SHORT	DIRECTOR	1.00	Director	$0	$0	$0
KIRK KE WANG	DIRECTOR	1.00	Director	$0	$0	$0
KEEBLER J STRAZ	DIRECTOR	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
2025	$2,881,782	$3,450,475	$7,757,961	$-568,693
2024	No data	No data	No data	No data
2023	$2,347,995	$1,934,224	$8,060,827	$413,771
2022	$1,949,232	$1,748,494	$7,269,339	$200,738
2021	$1,886,478	$1,148,410	$7,599,280	$738,068
2020	$2,533,574	$2,483,329	$6,429,611	$50,245
2019	$2,664,670	$2,592,468	$6,316,854	$72,202
2018	$2,314,339	$2,308,454	$6,291,322	$5,885

THE JOHN & MABLE RINGLING MUSEUM OF ART FOUNDATION INCORPORATED