BOCA RATON MUSEUM FOUNDATION INC (EIN 650104704) - 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

1990

Legal Domicile

Principal Officer

JODY HARRISON GRASS

Phone

5613922500

Tax Period

2023-10-01 to 2024-09-30

BOCA RATON MUSEUM FOUNDATION INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $610K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $373K, a strong 61% operating margin.

Mission

THE FOUNDATION WAS ESTABLISHED TO RECEIVE AND ADMINISTER DONATIONS AND BEQUESTS FOR THE BENEFIT AND SUPPORT OF THE BOCA RATON MUSEUM OF ART.

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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 $0

Program Service Revenue $0

Investment Income $609,617

Other Revenue $0

TOTAL REVENUE $609,617

Expense Breakdown

Grants Paid $230,731

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,731

Other Expenses $6,258

TOTAL EXPENSES $236,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$609,617	$782,924	-0.2%
Expenses	$236,989	$121,212	+1.0%
Net Income	$372,628	$661,712	-0.4%

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

N/A

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

$208,834

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL E COHEN	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN DESPREZ II	2ND VICE CHAIR	2.00	Officer Director	$0	$0	$0
JODY HARRISON GRASS	CHAIR	2.00	Officer Director	$0	$0	$0
PAOLA LUPTAK JAKOBSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TAMARA MORGENSTERN	SECRETARY	2.00	Officer Director	$0	$0	$0
EDWARD F SMITH III	ASST TREASURER	2.00	Officer Director	$0	$0	$0
IRVIN M LIPPMAN	EXECUTIVE DIRECTOR	2.00	Officer	$0	$3,830	$208,834

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	$609,617	$236,989	$10,978,720	$372,628
2023	$782,924	$121,212	$9,004,793	$661,712
2022	$526,786	$4,550	$7,968,717	$522,236
2021	$1,036,587	$531,418	$9,508,513	$505,169
2020	$94,169	$398,935	$8,570,822	$-304,766
2019	$2,938,791	$312,504	$7,921,267	$2,626,287
2018	$288,859	$1,265,396	$5,496,879	$-976,537

BOCA RATON MUSEUM FOUNDATION INC