THE FRANK LLOYD WRIGHT FOUNDATION

EIN: 860197576 501(c)(3) Education

SCOTTSDALE, AZ

Total Revenue
$9,559,187
Total Expenses
$9,663,620
Total Assets
$22,087,157
Net Assets
$21,344,526
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
AZ
Principal Officer
JOSEPH SPECTER
Phone
4808602700
Tax Period
2024-08-01 to 2025-07-31

THE FRANK LLOYD WRIGHT FOUNDATION, founded in 1965, is a community nonprofit in the Education sector that reported $9.6M in total revenue in fiscal year 2024. Net assets of $21.3M represent 27 months of operating reserves.

Mission

THE FRANK LLOYD WRIGHT FOUNDATION INSPIRES PEOPLE TO DISCOVER AND EMBRACE AN ARCHITECTURE FOR BETTER LIVING THROUGH MEANINGFUL CONNECTIONS TO NATURE, THE ARTS, AND EACH OTHER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,596,209
Program Service Revenue $6,368,695
Investment Income $230,867
Other Revenue $1,363,416
TOTAL REVENUE $9,559,187

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,691,343
Fundraising Expenses $1,750,316
Program Expenses $6,440,749
Other Expenses $3,972,277
TOTAL EXPENSES $9,663,620

Year-over-Year Comparison

2024 2023 Change
Revenue $9,559,187 $9,433,316 +0.0%
Expenses $9,663,620 $10,795,054 -0.1%
Net Income $-104,433 $-1,361,738 -0.9%
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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Governance

Voting Members
11
Independent Members
11
Employees
112
Volunteers
81

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
7
$429,002
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK DREHER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
ASHLEY WILSON VICE CHAIR 5.00
Officer Director
$0 $0 $0
CHRISTINA LINDAL TREASURER 5.00
Officer Director
$0 $0 $0
JOHN ANDERSON SECRETARY 5.00
Officer Director
$0 $0 $0
MICHAEL DESMOND TRUSTEE 5.00
Director
$0 $0 $0
BING HU TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL MILLER TRUSTEE 5.00
Director
$0 $0 $0
JASON MORRIS TRUSTEE 5.00
Director
$0 $0 $0
DANIEL RUIZ TRUSTEE 5.00
Director
$0 $0 $0
DIANA SMITH TRUSTEE 5.00
Director
$0 $0 $0
JULIE WESTRA TRUSTEE 5.00
Director
$0 $0 $0
STUART GRAFF CEO & PRESIDENT (THROUGH 08/31/24) 40.00
Officer
$316,335 $22,934 $339,269
JOSEPH SPECTER CEO & PRESIDENT (STARTING 4/30/25) 40.00
Officer
$0 $0 $0
SCOTT MCDANIEL VP CHIEF FINANCE & ADMIN OFFICER 40.00
Officer
$79,314 $10,419 $89,733
FREDERICK PROZZILLO VP OF PRESERVATION 40.00
Highest
$134,267 $33,737 $168,004
NICOLE STEWART VP OF PUBLIC ENGAGEMENT 40.00
Highest
$157,587 $32,437 $190,024
KIMBERLY VALENTINE VP OF ADVANCEMENT 40.00
Highest
$139,250 $5,835 $145,085
JENNIFER GRAY VP OF TALIESIN INSTITUTE 40.00
Highest
$112,222 $30,888 $143,110
HENRY HENDRIX VP CHIEF MARKETING OFFICER 40.00
Highest
$138,716 $3,769 $142,485
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 $9,559,187 $9,663,620 $22,087,157 $-104,433
2024 $9,433,316 $10,795,054 $22,229,639 $-1,361,738
2023 $9,968,869 $9,926,460 $23,237,761 $42,409
2022 $12,357,928 $9,288,262 $22,427,881 $3,069,666
2021 $8,507,584 $6,688,869 $20,203,831 $1,818,715
2020 $8,559,445 $7,569,521 $18,968,846 $989,924
2019 $8,889,057 $8,038,245 $17,298,788 $850,812
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