MONTEREY MUSEUM OF ART (EIN 941534563) - 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

1959

Legal Domicile

Principal Officer

COREY MADDEN

Phone

8313725477

Tax Period

2022-07-01 to 2023-06-30

MONTEREY MUSEUM OF ART, founded in 1959, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.1M in total revenue in fiscal year 2022. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.7M exceeded revenue, resulting in a 27% operating deficit.

Mission

THE MONTEREY MUSEUM OF ART CULTIVATES CURIOSITY IN THE VISUAL ARTS AND ENGAGES COMMUNITY WITH THE DIVERSITY OF CALIFORNIA ART - PAST, PRESENT, AND FUTURE.

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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 $1,751,676

Program Service Revenue $82,963

Investment Income $395,368

Other Revenue $-84,455

TOTAL REVENUE $2,145,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,446,618

Fundraising Expenses $508,140

Program Expenses $1,531,943

Other Expenses $1,274,971

TOTAL EXPENSES $2,721,589

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,145,552	$3,167,468	-0.3%
Expenses	$2,721,589	$2,355,547	+0.2%
Net Income	$-576,037	$811,921	-1.7%

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

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

$201,058

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILA THORSEN	TRUSTEE	1.00	Director	$0	$0	$0
MONIKA CAMPBELL	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS DONNELLY	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN GREENWALD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADRIANA HAYWARD	PRESIDENT EMERITA	1.00	Director	$0	$0	$0
LISA RHEINHEIMER	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROLINE SCOTT LOW	TRUSTEE	1.00	Director	$0	$0	$0
KRISTEN HUSTON	TRUSTEE	1.00	Director	$0	$0	$0
HEIDI QUINN	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW SIMIS	TRUSTEE	1.00	Director	$0	$0	$0
LAURA GAMBLE	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH SILGUERO	TRUSTEE	1.00	Director	$0	$0	$0
ERIC C SMITH	TRUSTEE	1.00	Director	$0	$0	$0
COREY MADDEN	EXECUTIVE DIR.	40.00	Officer	$180,480	$20,578	$201,058

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	$2,145,552	$2,721,589	$11,957,131	$-576,037
2022	$3,167,468	$2,355,547	$12,125,244	$811,921
2021	$2,159,629	$2,005,691	$13,405,371	$153,938
2020	$4,591,975	$2,199,777	$12,380,428	$2,392,198
2019	$1,848,690	$2,220,753	$9,816,968	$-372,063
2018	$1,732,239	$1,881,814	$9,904,064	$-149,575

MONTEREY MUSEUM OF ART