CORAL SPRINGS MUSEUM OF ART INC (EIN 650747980) - 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

1997

Legal Domicile

Principal Officer

PAULA JULIANA FORERO

Phone

9543405000

Tax Period

2023-10-01 to 2024-09-30

CORAL SPRINGS MUSEUM OF ART INC, founded in 1997, is a small nonprofit in the Arts, Culture & Humanities sector that reported $604K in total revenue in fiscal year 2023. Net assets of $2.1M represent 41 months of operating reserves.

Mission

THE MISSION OF THE CORAL SPRINGS MUSEUM OF ART IS TO ENGAGE AND CONNECT OUR DIVERSE COMMUNITIES WITH DYNAMIC EXHIBITS, EXCEPTIONAL ART EDUCATION, STIMULATING SPECIALTY PROGRAMS AND INSPIRED EVENTS TO IGNITE CULTURAL ENRICHMENT.

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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 $485,538

Program Service Revenue $114,487

Investment Income $-4,468

Other Revenue $8,908

TOTAL REVENUE $604,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $533,704

Fundraising Expenses $104,745

Program Expenses $325,379

Other Expenses $89,988

TOTAL EXPENSES $623,692

Year-over-Year Comparison

	2023	2022	Change
Revenue	$604,465	$582,981	+0.0%
Expenses	$623,692	$546,713	+0.1%
Net Income	$-19,227	$36,268	-1.5%

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

N/A

Employees

Volunteers

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

$377,242

Total Directors

$244,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT BROOK MAYOR	DIRECTOR	1.00	Director	$0	$35,058	$60,282
SHAWN CERRA VICE MAYOR	VICE CHAIR	1.00	Officer Director	$0	$31,434	$52,421
JOSHUA SIMMONS COMMISSIONER	BOARD CHAIR	1.00	Officer Director	$0	$32,028	$52,084
JOY CARTER COMMISSIONER	DIRECTOR	1.00	Director	$0	$12,924	$36,015
NANCY METAYER BOWEN COMMISS	DIRECTOR	1.00	Director	$0	$21,366	$43,442
KIM MOSKOWITZ	DIRECTOR OF FINANCIAL SERVICES	1.00	Officer	$0	$57,366	$241,163
PAULA JULIANA FORERO	MUSEUM DIRECTOR	40.00	Officer	$0	$4,537	$31,574

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	$604,465	$623,692	$2,191,057	$-19,227
2023	$582,981	$546,713	$1,996,766	$36,268
2022	$663,969	$627,820	$1,989,124	$36,149
2021	$759,677	$593,446	$2,006,313	$166,231
2020	$426,968	$643,492	$1,890,468	$-216,524

CORAL SPRINGS MUSEUM OF ART INC