THE FRANK LLOYD WRIGHT FOUNDATION

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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

1965

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $2,405,577

BUILDING PRESERVATION - THE FRANK LLOYD WRIGHT FOUNDATION INVESTS CAPITAL AND CONSIDERABLE EFFORTS IN ORDER TO PROTECT, MAINTAIN, AND RESTORE THE ARCHITECTURALLY HISTORIC STRUCTURES AND SPACES THAT...

Program 2

Expenses: $1,548,432 Revenue: $4,512,900

PUBLIC TOURS AND ACCESS PROGRAM - THE FRANK LLOYD WRIGHT FOUNDATION OFFERS TOURS AND EDUCATIONAL OUTREACH PROGRAMS TO INCREASE PUBLIC AWARENESS OF THE WORK OF FRANK LLOYD WRIGHT AND THE FIELD OF...

PUBLIC TOURS AND ACCESS PROGRAM - THE FRANK LLOYD WRIGHT FOUNDATION OFFERS TOURS AND EDUCATIONAL OUTREACH PROGRAMS TO INCREASE PUBLIC AWARENESS OF THE WORK OF FRANK LLOYD WRIGHT AND THE FIELD OF ARCHITECTURE. DURING THE FISCAL YEAR ENDED JULY 31, 2025, 108,725 INDIVIDUALS VISITED THE HISTORIC SCOTTSDALE, ARIZONA, LANDMARK

Program 3

Expenses: $2,486,740 Revenue: $2,573,295

THE FRANK LLOYD WRIGHT FOUNDATION SELLS PRODUCTS THROUGH ITS PHYSICAL RETAIL STORE AND ONLINE STORE; LICENSES ITS INTELLECTUAL PROPERTY TO OTHERS AND EARNS ROYALTIES FROM THE SALE OF LICENSED...

THE FRANK LLOYD WRIGHT FOUNDATION SELLS PRODUCTS THROUGH ITS PHYSICAL RETAIL STORE AND ONLINE STORE; LICENSES ITS INTELLECTUAL PROPERTY TO OTHERS AND EARNS ROYALTIES FROM THE SALE OF LICENSED PRODUCTS OR THE USE OF THE RIGHTS; AND PRODUCES IN-PERSON AND ONLINE EDUCATIONAL PROGRAMS FOR YOUTH AND ADULT PARTICIPANTS.

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

Governance

Voting Members

Independent Members

Employees

112

Volunteers

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

$429,002

Total Directors

Key Employees

Highest Compensated

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