Floating Museum NFP (EIN 813014324) - 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

2016

Legal Domicile

Principal Officer

Faheem Majeed

Phone

3124986298

Tax Period

2024-01-01 to 2024-12-31

Floating Museum NFP, founded in 2016, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Net assets of $2.8M represent 32 months of operating reserves.

Mission

Floating Museum is an arts collective that creates new models exploring relationships between art, community, architecture, and public institutions.

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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 $829,858

Program Service Revenue $192,401

Investment Income $40,579

Other Revenue $1,218

TOTAL REVENUE $1,064,056

Expense Breakdown

Grants Paid $6,250

Salaries & Benefits $367,068

Fundraising Expenses $2,651

Program Expenses $805,301

Other Expenses $771,894

TOTAL EXPENSES $1,145,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,064,056	$3,001,674	-0.6%
Expenses	$1,145,212	$446,446	+1.6%
Net Income	$-81,156	$2,555,228	-1.0%

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
Faheem Majeed	Exec Dir/Pres	40.00	Officer Director	$0	$0	$0
Jeremiah Hulsebos Spofford	Treasurer	2.00	Officer Director	$0	$0	$0
Andrew Schachman	Secretary	2.00	Officer 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	$1,064,056	$1,145,212	$3,206,695	$-81,156
2023	$3,001,674	$446,446	$3,046,539	$2,555,228
2022	$467,822	$219,728	$529,061	$248,094

Floating Museum NFP