PHOENIX ART MUSEUM (EIN 860072608) - 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

1949

Legal Domicile

Principal Officer

JEREMY MIKOLAJCZAK

Phone

6022571880

Tax Period

2022-07-01 to 2023-06-30

PHOENIX ART MUSEUM, founded in 1949, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.3M in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $11.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

WORLD CLASS MUSEUM- SEE SCHEDULE O FOR FULL MISSION.PHOENIX ART MUSEUM IS A VIBRANT DESTINATION CONNECTING PEOPLE TO GREAT ART FROM AROUND THE WORLD TO ENRICH THEIR LIVES AND COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,553,072

Program Service Revenue $2,815,872

Investment Income $74,064

Other Revenue $895,584

TOTAL REVENUE $10,338,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,931,283

Fundraising Expenses $1,802,123

Program Expenses $7,868,008

Other Expenses $4,938,785

TOTAL EXPENSES $11,870,068

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,338,592	$14,886,842	-0.3%
Expenses	$11,870,068	$9,932,178	+0.2%
Net Income	$-1,531,476	$4,954,664	-1.3%

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

197

Volunteers

200

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

$326,337

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUBEN E ALVAREZ	TRUSTEE	0.50	Director	$0	$0	$0
ALICE BAZLEN	TRUSTEE	0.50	Director	$0	$0	$0
DREW BROWN	TRUSTEE	0.50	Director	$0	$0	$0
JOEL COEN	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW COOPER	TRUSTEE	0.50	Director	$0	$0	$0
GLORIA COWEN	TRUSTEE	0.50	Director	$0	$0	$0
JACQUIE DORRANCE	TRUSTEE	0.50	Director	$0	$0	$0
CARTER EMERSON	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT FAVER	TRUSTEE	0.50	Director	$0	$0	$0
MICHELE FEENEY	TRUSTEE	0.50	Director	$0	$0	$0
MARTIN GALBUT	TRUSTEE	0.50	Director	$0	$0	$0
JUDY GOLDBERG	TRUSTEE	0.50	Director	$0	$0	$0
SARA GORDON	TRUSTEE	0.50	Director	$0	$0	$0
JOHN W GRAHAM	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL GREENBAUM	TRUSTEE	0.50	Director	$0	$0	$0
NANCY HANLEY ERIKSSON	TRUSTEE	0.50	Director	$0	$0	$0
LILA HARNETT	TRUSTEE	0.50	Director	$0	$0	$0
OLIVER HARPER	TRUSTEE	0.50	Director	$0	$0	$0
JOHN HORSEMAN	TRUSTEE	0.50	Director	$0	$0	$0
BARBARA NOBLE HOWARD	TRUSTEE	0.50	Director	$0	$0	$0
JON HULBURD	TRUSTEE	0.50	Director	$0	$0	$0
JANE JOZOFF	TRUSTEE	0.50	Director	$0	$0	$0
ELLEN KATZ	TRUSTEE	0.50	Director	$0	$0	$0
PARVINDER KHANUJA	TRUSTEE	0.50	Director	$0	$0	$0
DON KILE	TRUSTEE	0.50	Director	$0	$0	$0
SALLY LEHMANN	TRUSTEE	0.50	Director	$0	$0	$0
MITCH MANCHACA	TRUSTEE	0.50	Director	$0	$0	$0
BETTINA NAVA	TRUSTEE	0.50	Director	$0	$0	$0
ANN M OCANA	TRUSTEE	0.50	Director	$0	$0	$0
SALLY A ODEGARD	TRUSTEE	0.50	Director	$0	$0	$0
DORIS ONG	TRUSTEE	0.50	Director	$0	$0	$0
ROSE PAPP	TRUSTEE	0.50	Director	$0	$0	$0
TERRY ROMAN	TRUSTEE	0.50	Director	$0	$0	$0
JORDAN ROSE	TRUSTEE	0.50	Director	$0	$0	$0
VANESSA RUIZ	TRUSTEE	0.50	Director	$0	$0	$0
ANN SINER	TRUSTEE	0.50	Director	$0	$0	$0
ROB TAYLOR	TRUSTEE	0.50	Director	$0	$0	$0
ALAN KOSLOFF	TRUSTEE (THRU 3/23)	0.50	Director	$0	$0	$0
DONALD OPARTNEY	CHAIR	0.50	Officer Director	$0	$0	$0
DAVID LENHARDT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MEREDITH VON ARENTSCHILDT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CARL THOMA	SECRETARY	0.50	Officer Director	$0	$0	$0
BLAIR PORTIGAL	TREASURER	0.50	Officer Director	$0	$0	$0
JEREMY MIKOLAJCZAK	DIRECTOR/CEO	37.50	Officer	$229,881	$4,148	$234,029
ALLAN ALVARADO	CFO	37.50	Officer	$92,308	$0	$92,308
CHRISTINA BROWN	DIRECTOR OF DEVELOPMENT	37.50	Highest	$105,847	$3,181	$109,028
HARMONY DELEON	DEPUTY DIRECTOR & CHIEF ADVANCEMENT OFFICE	37.50	Highest	$225,396	$12,952	$238,348
NICOLE RIVET	CDO (THRU 6/2/23)	37.50	Highest	$224,922	$19,889	$244,811
CHAMISA COLVIN	DIRECTOR OF INSTITUTIONAL GIVING	37.50	Highest	$127,526	$23,549	$151,075
TING ZENG	CONTROLLER	37.50	Highest	$106,933	$3,208	$110,141
MARK KOENIG	CFO (RETIRED 6/9/2022)	37.50		$272,466	$25,410	$297,876

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$10,338,592	$11,870,068	$11,117,537	$-1,531,476
2022	$14,886,842	$9,932,178	$12,566,179	$4,954,664
2021	$9,793,002	$8,277,362	$8,989,421	$1,515,640
2020	$9,400,156	$10,876,507	$7,242,004	$-1,476,351
2019	$9,770,728	$12,451,997	$8,171,843	$-2,681,269
2018	$14,321,517	$11,766,227	$11,530,687	$2,555,290

PHOENIX ART MUSEUM