OLD DOMINION UNIVERSITY MUSEUM FOUNDATION

EIN: 812652321 501(c)(3) Arts, Culture & Humanities

NORFOLK, VA

Total Revenue
$4,364,995
Total Expenses
$5,205,300
Total Assets
$12,365,503
Net Assets
$12,131,366
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Phone
7576833144
Tax Period
2024-07-01 to 2025-06-30

Old Dominion University Museum Foundation, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2019. The organization ran a surplus of $636K, a strong 46% operating margin.

Mission

FINANCIALLY AID AND SUPPORT THE ARTS PROGRAMS OF OLD DOMINION UNIV. AND STRENGTHEN AND SUPPORT EDUCATION PURPOSES IN ACCORDANCE WITH THE RULES AND REGULATIONS OF ODU.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,253,780
Program Service Revenue $0
Investment Income $89,627
Other Revenue $21,588
TOTAL REVENUE $4,364,995

Expense Breakdown

Grants Paid $4,043,353
Salaries & Benefits $0
Fundraising Expenses $79,961
Program Expenses $4,980,859
Other Expenses $1,161,947
TOTAL EXPENSES $5,205,300

Year-over-Year Comparison

2024 2023 Change
Revenue $4,364,995 $8,993,448 -0.5%
Expenses $5,205,300 $3,832,022 +0.4%
Net Income $-840,305 $5,161,426 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
12

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
8
$806,271
Total Directors
12
$1,258,765
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEWIS W WEBB III PRESIDENT 2.0
Officer Director
$0 $0 $0
MICHELLE B WARDEN SECRETARY 1.0
Officer Director
$0 $0 $0
ROBERT WOJTOWICZ INTERIM EXEC DIR (EFF. 11/24.) EX-OFFICIO FROM 7/1 TO 10/24) 40.0
Officer Director
$0 $50,810 $296,008
W LLOYD TALIAFERRO TREASURER 1.0
Officer Director
$0 $0 $0
YVONNE T ALLMOND VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
BRIAN O HEMPHILL EX-OFFICIO 0.1
Director
$0 $71,094 $962,757
CAROLYN K BARRY DIRECTOR 1.0
Director
$0 $0 $0
DAVID R GOODE DIRECTOR 1.0
Director
$0 $0 $0
HARRY T LESTER DIRECTOR 1.0
Director
$0 $0 $0
JOHN R BRODERICK DIRECTOR EMERITUS N/A
Director
$0 $0 $0
KATHLEEN A BRODERICK DIRECTOR EMERITUS N/A
Director
$0 $0 $0
RICHARD F BARRY III DIRECTOR 2.0
Director
$0 $0 $0
CHARLOTTTE P KASIC EXECUTIVE DIRECTOR (7/1 TO 10/2024) 40.0
Officer
$0 $35,202 $173,722
LINDA CAGNEY HIRTZ ASSISTANT SECRETARY 40.0
Officer
$0 $27,696 $95,183
MICHAEL S LAROCK ASSISTANT TREASURER 5.0
Officer
$0 $38,368 $241,358
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 $4,364,995 $5,205,300 $12,365,503 $-840,305
2024 $8,993,448 $3,832,022 $12,993,400 $5,161,426
2023 $724,703 $1,177,514 $7,881,425 $-452,811
2022 $1,813,062 $1,072,069 $8,337,804 $740,993
2021 $355,534 $775,740 $7,551,637 $-420,206
2020 $1,377,015 $740,685 $7,959,862 $636,330
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare OLD DOMINION UNIVERSITY MUSEUM FOUNDATION with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.