CUBAN 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

1996

Legal Domicile

Principal Officer

MARCELL FELIPE

Phone

3055264000

Tax Period

2024-01-01 to 2024-12-31

CUBAN MUSEUM INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $933K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PRESERVE AND SHARE THE HISTORY AND CULTURE OF THE CUBAN EXILE COMMUNITY (CUBAN DIASPORA) COMMENCED IN 1959 WITH THE EXODUS OF CUBAN NATIONALS AFTER THE COMMUNIST TAKEOVER. INCLUDING THE PRESERVATION OF THE HISTORY, CULTURE (PLASTIC ARTS, MUSIC, LITERATURE, SPORTS, ETC.)

Program Service Accomplishments

Program 1

Expenses: $890,067 Revenue: $89,506

TO COLLECT AND PRESERVE RELEVANT CULTURAL DOCUMENTS, ARTIFACTS AND ART WORKS THAT HELP TO DOCUMENT AND INTERPRET THE CULTURAL HERITAGE AND LEGACY OF CUBANS IN THE DIASPORA. TO INTERPRET CUBAN CULTURE WITHIN THE CONTEXT OF THE EXILES' EXPERIENCE, EMPHASIZING THEIR CONTRIBUTIONS TO THE MULTI-ETHNIC, MULTI-NATIONAL COMMUNITY OF SOUTH FLORIDA. TO PROVIDE AND PRESENT MULTI-DISCIPLINARY AND INTERACTIVE EDUCATIONAL AND AESTHETIC PROGRAMS, INCLUDING BUT NOT LIMITED TO ART AND HISTORICAL EXHIBITIONS, LECTURES, PANEL DISCUSSIONS, CONFERENCES, BOOK PRESENTATIONS, FILM, MUSIC AND THEATRICAL EVENTS, AS WELL AS SCHOOL PROGRAMS TO VISITING STUDENTS, TO THE GENERAL AND VISITING SOUTH FLORIDA PUBLIC, RELATIVE TO THE VARIOUS ASPECTS OF CUBAN DIASPORIC CULTURE.

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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 $843,989

Program Service Revenue $89,506

Investment Income $0

Other Revenue $0

TOTAL REVENUE $933,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $344,907

Fundraising Expenses $0

Program Expenses $890,067

Other Expenses $797,257

TOTAL EXPENSES $1,142,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$933,495	$966,240	0.0%
Expenses	$1,142,164	$1,156,343	0.0%
Net Income	$-208,669	$-190,103	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESUS TUNDIDOR	DIRECTOR	0.08	Director	$0	$0	$0
MARCELL FELIPE	CHAIRMAN	19.00	Officer Director	$0	$0	$0
NELSON HERNANDEZ	TREASURER	1.00	Director	$0	$0	$0
RAUL MASVIDAL	DIRECTOR	0.08	Director	$0	$0	$0
MIGUEL COSSIO	DIRECTOR	0.08	Director	$0	$0	$0
ALEJANDRA MORENO	SECRETARY	1.00	Director	$0	$0	$0
MARIO GARCIA	DIRECTOR	0.00	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
2024	$933,495	$1,142,164	$8,463,383	$-208,669
2023	$966,240	$1,156,343	$8,553,456	$-190,103
2022	$703,471	$1,040,009	$8,710,635	$-336,538
2021	$1,082,015	$1,059,005	$9,090,800	$23,010
2020	$987,779	$791,810	$9,100,250	$195,969
2019	$598,368	$688,817	$9,174,799	$-90,449
2018	$618,211	$1,085,709	$9,031,679	$-467,498