PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
PHOENIX ART MUSEUM IS A VIBRANT DESTINATION CONNECTING PEOPLE TO GREAT ART FROM AROUND THE WORLD TO ENRICH THEIR LIVES AND COMMUNITIES. THIS VISION IS SUPPORTED BY FOUR STRATEGIC PILLARS WHICH ARE: (CONTINUED ON SCHEDULE O)1. EXCEPTIONAL ART - TO CELEBRATE THE HIGHEST QUALITY VISUAL ARTTHROUGH OUTSTANDING EXHIBITIONS, ACQUISITIONS AND COLLECTIONSTEWARDSHIP.2. ENRICHMENT AND LEARNING - TO CREATE A NATIONALLY RECOGNIZED MODELFOR ENHANCING EXPERIENCE OF THE VISUAL ARTS THROUGH INTERPRETATION,ENGAGED LEARNING, AND ENRICHMENT.3. BROAD AUDIENCE - TO ATTRACT THE BROADEST POSSIBLE AUDIENCE TO THEMUSEUM AS CONSISTENT AND ENTHUSIASTIC PARTICIPANTS.4. FISCAL STABILITY AND ORGANIZATIONAL EXCELLENCE - TO ACHIEVE ANDMAINTAIN A STRONG FINANCIAL FOUNDATION.
COLLECTIONS AND EXHIBITIONS: PHOENIX ART MUSEUM IS A NONPROFIT MUSEUM FOUNDED IN 1959. THE MAIN PURPOSE OF THE MUSEUM IS TO ENGAGE THE BROADEST SEGMENT OF THE POPULATION WITH THE HISTORICAL AND...
COLLECTIONS AND EXHIBITIONS: PHOENIX ART MUSEUM IS A NONPROFIT MUSEUM FOUNDED IN 1959. THE MAIN PURPOSE OF THE MUSEUM IS TO ENGAGE THE BROADEST SEGMENT OF THE POPULATION WITH THE HISTORICAL AND AESTHETIC ATTRIBUTES OF THE VISUAL AND ASSOCIATED PERFORMING ARTS. OUR FINE ARTS COLLECTION CONSISTS OF MORE THAN 21,000 PURCHASED AND DONATED WORKS OF ASIAN, LATIN AMERICAN, EUROPEAN, AMERICAN, MODERN, AND CONTEMPORARY ART AND FASHION. ON AVERAGE, THE MUSEUM HAS WELCOMED MORE THAN 223,000 VISITORS PER YEAR FOR THE PAST DECADE.IN FY23, THE MUSEUM WELCOMED MORE THAN 210,000 VISITORS, MARKING A CONTINUAL INCREASE TO PRE-PANDEMIC ATTENDANCE FIGURES. EXHIBITION HIGHLIGHTS INCLUDED MR.: YOU CAN HEAR THE SONG OF THIS TOWN, EXPLORING THE VIVID, CHAOTIC, AND MANGA-INSPIRED WORLD OF ONE OF TODAY'S MOST POPULAR JAPANESE ARTISTS; AND LET IT REMAIN SO: WOMEN OF THE AFRICAN DIASPORA, FEATURING THE WORK OF FIVE PHOTOGRAPHERS WHO EXPLORE THEIR EXPERIENCES OF THE AFRICAN DIASPORA; JUAN FRANCISCO ELSO: POR AMERICA, WHICH INVESTIGATED THE BRIEF YET SIGNIFICANT CAREER OF A MEMBER OF THE FIRST GENERATION OF ARTISTS BORN AND RAISED IN POST-REVOLUTIONARY CUBA; AND MOVE: THE MODERN CUT OF GEOFFREY BEENE, SHOWCASING THE COLORFUL, IMAGINATIVE FASHIONS OF THE LATE DESIGNER, WHOSE DYNAMIC GARMENTS PRIORITIZED COMFORT, MOVEMENT, AND A MODERN SENSIBILITY.ALSO LAST YEAR, PHOENIX ART MUSEUM ADDED 183 ARTWORKS TO ITS COLLECTION. HIGHLIGHTS INCLUDE WORKS BY GENY DIGNAC, SCOTT PAPER COMPANY, ELISA DAGGS, GEOFFREY BEENE, RAGNAR KJARTANSSON, MR., KELLY AKASHI, NARSISO MARTINEZ, CANNUPA HANKSA-LUGER, LILY STOCKMAN, OTIS KWAME KYE QUAICOE, EDUARDO CARILLO, AND OLAF WIEGHORST. THE MUSEUM ALSO ACQUIRED A MAJOR GIFT OF INDONESIAN TEXTILES, THE FIRST WORKS FROM INDONESIA REPRESENTED IN THE PHXART COLLECTION, IN ADDITION TO CONSERVING ARTWORKS BY JULIAN OPIE, SUI JIANGUO, YAYOI KUSAMA, AND MORE.
EDUCATION AND COMMUNITY ENGAGEMENT: THE MUSEUM'S EDUCATION AND COMMUNITY ENGAGEMENT TEAM DEVELOPS, IMPLEMENTS, AND OVERSEES EDUCATION PROGRAMS AND ARTS-ENGAGEMENT EVENTS AND EXPERIENCES FOR A WIDE...
EDUCATION AND COMMUNITY ENGAGEMENT: THE MUSEUM'S EDUCATION AND COMMUNITY ENGAGEMENT TEAM DEVELOPS, IMPLEMENTS, AND OVERSEES EDUCATION PROGRAMS AND ARTS-ENGAGEMENT EVENTS AND EXPERIENCES FOR A WIDE RANGE OF AUDIENCES. THE MUSEUM'S LIBRARY PRESERVES AND DEVELOPS AN EXTENSIVE COLLECTION OF ART-RELATED SCHOLARLY AND RARE PUBLICATIONS. THE LIBRARY IS OPEN TO STAFF AND THE PUBLIC FOR RESEARCH AND ENJOYMENT.IN FY23, THE MUSEUM ENGAGED MORE THAN 54,000 COMMUNITY MEMBERS THROUGH ON-SITE ARTS ENGAGEMENT PROGRAMS, INCLUDING DOCENT-LED TOURS FOR ADULTS AND SCHOOL GROUPS, SENIOR COFFEE SOCIALS FOR MEMBERS 65 AND OLDER, STORYTIME IN THE GALLERY SESSIONS FOR VISITORS 0-5 YEARS OLD AND THEIR CAREGIVERS, AND OTHER INTERGENERATIONAL PROGRAMMING. THE MUSEUM ALSO ENGAGED MORE THAN 77,000 FREE-ACCESS VISITORS THROUGH AFTER HOURS, FIRST FRIDAYS, FAMILY FUNDAYS, PAY-WHAT-YOU-WISH WEDNESDAYS, AND OTHER VOLUNTARY-DONATION PERIODS.
MUSEUM STORE: THE MUSEUM STORE ENHANCES THE VISITOR EXPERIENCE BY OFFERING PRODUCTS RELATED TO EXHIBITIONS AND ARTWORKS ON VIEW IN THE MUSEUM, ENSURING ENGAGEMENT WITH PHXART AND THE VISUAL ARTS LONG...
MUSEUM STORE: THE MUSEUM STORE ENHANCES THE VISITOR EXPERIENCE BY OFFERING PRODUCTS RELATED TO EXHIBITIONS AND ARTWORKS ON VIEW IN THE MUSEUM, ENSURING ENGAGEMENT WITH PHXART AND THE VISUAL ARTS LONG AFTER GUESTS HAVE LEFT THE MUSEUM CAMPUS AND RETURNED HOME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare PHOENIX ART MUSEUM with other nonprofits in Arizona and across the country.