NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM AT THE WORLD TRADE CENTER (EIN 611745872) - 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

2014

Legal Domicile

Principal Officer

ELIZABETH L HILLMAN

Phone

2123128800

Tax Period

2024-01-01 to 2024-12-31

NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM AT THE WORLD TRADE CENTER, founded in 2014, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $93.3M in total revenue in fiscal year 2024. Expenses of $112.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

IN 2024, THE MUSEUM WELCOMED 2.4 MILLION VISITORS. IN MAY 2024, THE MUSEUM RECOGNIZED THE 10TH

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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 $15,246,824

Program Service Revenue $68,986,816

Investment Income $3,317,651

Other Revenue $5,729,304

TOTAL REVENUE $93,280,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,867,985

Fundraising Expenses $5,248,169

Program Expenses $86,322,570

Other Expenses $77,264,141

TOTAL EXPENSES $112,307,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,280,595	$90,298,639	+0.0%
Expenses	$112,307,344	$102,735,263	+0.1%
Net Income	$-19,026,749	$-12,436,624	+0.5%

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

411

Volunteers

242

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

$1,741,054

Total Directors

Key Employees

$2,020,596

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R BLOOMBERG	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ANDREW M SENCHAK	TREASURER	3.00	Officer Director	$0	$0	$0
VIRGINIA S BAUER	TRUSTEE	2.00	Director	$0	$0	$0
PAULA GRANT BERRY	TRUSTEE	2.00	Director	$0	$0	$0
FRANK BISIGNANO	TRUSTEE	2.00	Director	$0	$0	$0
BEN BROWN	TRUSTEE	2.00	Director	$0	$0	$0
GREG BROWN	TRUSTEE	2.00	Director	$0	$0	$0
DEBRA BURLINGAME	TRUSTEE	2.00	Director	$0	$0	$0
JOHN P CAHILL	TRUSTEE	2.00	Director	$0	$0	$0
RUSSELL L CARSON	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH I CHENAULT	TRUSTEE	2.00	Director	$0	$0	$0
RIC CLARK	TRUSTEE	2.00	Director	$0	$0	$0
H RODGIN COHEN	TRUSTEE	2.00	Director	$0	$0	$0
KEATING CROWN	TRUSTEE	2.00	Director	$0	$0	$0
BILLY CRYSTAL	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT DE NIRO	TRUSTEE	2.00	Director	$0	$0	$0
PAUL M DONOFRIO	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD EDELMAN	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE A FERER	TRUSTEE	2.00	Director	$0	$0	$0
JENNIFER GLICK	TRUSTEE	2.00	Director	$0	$0	$0
MAURICE R GREENBERG	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA E HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT IGER	TRUSTEE	2.00	Director	$0	$0	$0
MONICA IKEN	TRUSTEE	2.00	Director	$0	$0	$0
JEH JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS S JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
ANTHOULA KATSIMATIDES	TRUSTEE	2.00	Director	$0	$0	$0
DR KERRY KELLY	TRUSTEE	2.00	Director	$0	$0	$0
PETER M LEHRER	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD W LUTNICK	TRUSTEE	2.00	Director	$0	$0	$0
JOEL S MARCUS	TRUSTEE	2.00	Director	$0	$0	$0
J KEVIN MCCARTHY	TRUSTEE	2.00	Director	$0	$0	$0
ADMIRAL WILLIAM MCRAVEN	TRUSTEE	2.00	Director	$0	$0	$0
JULIE MENIN	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD MILSTEIN	TRUSTEE	2.00	Director	$0	$0	$0
IRA M MILLSTEIN	TRUSTEE (THRU 3/2024)	2.00	Director	$0	$0	$0
JOSEPH MOINIAN	TRUSTEE (THRU 3/2024)	2.00	Director	$0	$0	$0
PAUL NAPOLI	TRUSTEE	2.00	Director	$0	$0	$0
EMILY K RAFFERTY	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN M RAMPE	TRUSTEE	2.00	Director	$0	$0	$0
SCOTT RECHLER	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG ROBERTS STAPLETON	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS H ROGER	TRUSTEE	2.00	Director	$0	$0	$0
RACHEL ROMER	TRUSTEE	2.00	Director	$0	$0	$0
JANE ROSENTHAL	TRUSTEE	2.00	Director	$0	$0	$0
E JOHN ROSENWALD JR	TRUSTEE	2.00	Director	$0	$0	$0
FAIZA J SAEED	TRUSTEE	2.00	Director	$0	$0	$0
CARYN SEIDMAN-BECKER	TRUSTEE	2.00	Director	$0	$0	$0
JERRY I SPEYER	TRUSTEE	2.00	Director	$0	$0	$0
JON STEWART	TRUSTEE	2.00	Director	$0	$0	$0
ANNE M TATLOCK	TRUSTEE	2.00	Director	$0	$0	$0
DANIEL R TISHMAN	TRUSTEE	2.00	Director	$0	$0	$0
ZYGI WILF	TRUSTEE	2.00	Director	$0	$0	$0
JEFFREY S WILPON	TRUSTEE	2.00	Director	$0	$0	$0
SHEENA WRIGHT	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM Y YUN	TRUSTEE	2.00	Director	$0	$0	$0
ELIZABETH L HILLMAN	PRESIDENT & CEO	40.00	Officer	$776,037	$80,179	$856,216
NOELLE LILIEN EVP	GENERAL COUNSEL/SECRETARY	40.00	Officer	$376,161	$75,719	$451,880
DAVID SHEEHAN	EVP & CFO	40.00	Officer	$392,653	$40,305	$432,958
ALLISON BLAIS	EVP, CHIEF STRATEGY & OPS	40.00	Key Emp	$388,458	$70,194	$458,652
CLIFFORD CHANIN	EVP, MUSEUM DIRECTOR	40.00	Key Emp	$398,114	$46,885	$444,999
JOSHUA CHERWIN EVP CHIEF	ADVANCEMENT & COMMUNICATIONS OFFICER	40.00	Key Emp	$410,379	$75,919	$486,298
SALVATORE CARCATERRA	EVP, SECURITY & SAFETY	40.00	Key Emp	$310,869	$31,623	$342,492
EDWARD SIDOR	SVP, BUILDINGS & GROUNDS	40.00	Key Emp	$249,113	$39,042	$288,155
JOSEPH WEINKAM EVP	GOVERNMENT & COMMUNITY AFFAIRS	40.00	Highest	$304,316	$72,861	$377,177
BENJAMIN MILAKOFSKY	EVP, CHIEF OF STAFF	40.00	Highest	$343,514	$38,039	$381,553
NANCY MORRISSEY	SVP, CHIEF INFORMATION OFFICER	40.00	Highest	$240,871	$66,473	$307,344
CHRISTOPHER WOGAS	SVP, VISITOR & REVENUE OPS	40.00	Highest	$235,150	$35,911	$271,061
STACY MARQUIT	SVP, BUSINESS PLANNING & INSIGHTS	40.00	Highest	$230,596	$28,371	$258,967

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	$93,280,595	$112,307,344	$547,842,313	$-19,026,749
2023	$90,298,639	$102,735,263	$569,067,941	$-12,436,624
2022	$61,970,121	$90,883,616	$587,453,468	$-28,913,495
2021	$89,488,435	$79,658,072	$601,946,963	$9,830,363
2020	$37,711,871	$84,808,731	$597,927,758	$-47,096,860

NATIONAL SEPTEMBER 11 MEMORIAL AND MUSEUM AT THE WORLD TRADE CENTER