NORTON SIMON MUSEUM OF ART AT PASADENA (EIN 951644606) - 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

1924

Legal Domicile

Principal Officer

WALTER W TIMOSHUK

Phone

6264496840

Tax Period

2023-07-01 to 2024-06-30

NORTON SIMON MUSEUM OF ART AT PASADENA, founded in 1924, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $12.9M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 35% operating margin.

Mission

OPERATION OF A PUBLIC ART MUSEUM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,515,987

Program Service Revenue $1,242,066

Investment Income $4,911,100

Other Revenue $243,550

TOTAL REVENUE $12,912,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,434,763

Fundraising Expenses $0

Program Expenses $6,257,275

Other Expenses $2,921,391

TOTAL EXPENSES $8,356,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,912,703	$8,122,339	+0.6%
Expenses	$8,356,154	$7,502,686	+0.1%
Net Income	$4,556,549	$619,653	+6.4%

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

165

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

$2,360,083

Total Directors

$1,065,846

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER W TIMOSHUK	PRESIDENT & CEO	30.0	Officer Director	$430,145	$205,556	$1,065,846
RONALD H DYKHUIZEN	CFO/VP/TREASURER/ASSISTANT SEC	30.0	Officer	$339,853	$139,186	$818,892
STEPHANIE VILLASENOR	SECRETARY & VICE PRESIDENT	12.5	Officer	$61,511	$35,546	$281,588
LESLIE DENK	VICE PRESIDENT	12.5	Officer	$36,332	$48,429	$193,757
EMILY TALBOT	CHIEF CURATOR	25.0	Highest	$60,953	$34,782	$156,688
JOHN GRISWOLD	CONSERVATOR	12.5	Highest	$30,683	$32,629	$155,360
JOHN ARMOUR	TRUSTEE	1.0	Director	$0	$0	$0
PAMELA SIMON	TRUSTEE	1.0	Director	$0	$0	$0
KERRY C O'NEILL	TRUSTEE	1.0	Director	$0	$0	$0
RONALD L OLSON	TRUSTEE	1.0	Director	$0	$0	$0
DR MICHAEL E PHELPS	TRUSTEE	1.0	Director	$0	$0	$0
DR EARL A POWELL III	TRUSTEE (THRU 11/12/2023)	1.0	Director	$0	$0	$0
VICTORIA B ROGERS	TRUSTEE	1.0	Director	$0	$0	$0
DOUGLAS SIMON	TRUSTEE	1.0	Director	$0	$0	$0
PAUL J WATFORD	TRUSTEE	1.0	Director	$0	$0	$0
TOM BROKAW	TRUSTEE & VICE CHAIR	1.0	Officer Director	$0	$0	$0
THOMAS L PFISTER	TRUSTEE & CHAIR	2.0	Officer Director	$0	$0	$0
STEPHEN W CLARK	TRUSTEE (BEG 11/8/2023)	1.0	Director	$0	$0	$0
JUDGE KIM MCLANE WARDLAW	TRUSTEE (BEG 11/8/2023)	1.0	Director	$0	$0	$0

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	$12,912,703	$8,356,154	$126,962,845	$4,556,549
2023	$8,122,339	$7,502,686	$115,359,890	$619,653
2022	$8,597,613	$6,639,327	$108,398,977	$1,958,286
2021	$8,241,771	$5,686,210	$122,399,582	$2,555,561
2020	$5,499,014	$6,844,739	$102,922,393	$-1,345,725
2019	$8,104,154	$7,014,802	$101,399,417	$1,089,352
2018	$15,153,891	$6,528,269	$97,065,400	$8,625,622

NORTON SIMON MUSEUM OF ART AT PASADENA