PALM SPRINGS ART MUSEUM (EIN 951809576) - 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

1938

Legal Domicile

Principal Officer

JANE EMISON

Phone

7603224851

Tax Period

2022-10-01 to 2023-06-30

PALM SPRINGS ART MUSEUM, founded in 1938, is a community nonprofit in the Arts, Culture & Humanities sector that reported $7.4M in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Net assets of $37.5M represent 61 months of operating reserves.

Mission

PALM SPRINGS ART MUSEUM IS COMMITTED TO EXPRESSING OUR UNIQUE VOICE AS AN INCLUSIVE, 21ST CENTURY MUSEUM, AND EVOLVING CENTER OF COMMUNITY BELONGING.

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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 $5,680,642

Program Service Revenue $1,338,152

Investment Income $25,012

Other Revenue $327,210

TOTAL REVENUE $7,371,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,136,050

Fundraising Expenses $484,085

Program Expenses $5,878,225

Other Expenses $3,703,302

TOTAL EXPENSES $7,839,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,371,016	$8,917,182	-0.2%
Expenses	$7,839,352	$9,047,525	-0.1%
Net Income	$-468,336	$-130,343	+2.6%

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

119

Volunteers

450

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

$507,509

Total Directors

Key Employees

$174,351

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEO MARMOL	TRUSTEE	1.00	Director	$0	$0	$0
FAYE SARKOWSKY	TRUSTEE	1.00	Director	$0	$0	$0
MARK LEONARD	TRUSTEE	1.00	Director	$0	$0	$0
MATT FELTON	TRUSTEE	1.00	Director	$0	$0	$0
AMJAD BANGASH	TRUSTEE	2.00	Director	$0	$0	$0
ROBERTA HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
JAMES EGAN	TRUSTEE	2.00	Director	$0	$0	$0
MARILYN LOESBERG	TRUSTEE	1.00	Director	$0	$0	$0
LEONARD S EBER	TRUSTEE	1.00	Director	$0	$0	$0
DIANE RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA GOTHARD	TRUSTEE	1.00	Director	$0	$0	$0
LJ CELLA	TRUSTEE	2.00	Director	$0	$0	$0
JOHN P MONAHAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM L HOOD	TRUSTEE	1.00	Director	$0	$0	$0
GARY GRACE	TRUSTEE	1.00	Director	$0	$0	$0
PAME SCHMIDER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA SINGH	TRUSTEE	1.00	Director	$0	$0	$0
BARRY W MORSE MD	TRUSTEE	1.00	Director	$0	$0	$0
GARY N SCHAHET	TRUSTEE	1.00	Director	$0	$0	$0
GWENDOLYN WEINER	TRUSTEE	1.00	Director	$0	$0	$0
PHILLIP SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DONNA MACMILLAN	TRUSTEE	1.00	Director	$0	$0	$0
ROSWITHA SMALE	TRUSTEE	1.00	Director	$0	$0	$0
MARY INGEBRAND-POHLAD	TRUSTEE	1.00	Director	$0	$0	$0
VEE SOTELO	ASSISTANT SECRETARY	8.00	Officer Director	$0	$0	$0
TOM MINDER	SECRETARY	8.00	Officer Director	$0	$0	$0
RICHARD CAIN	TREASURER	8.00	Officer Director	$0	$0	$0
CRAIG HARTZMAN	EXECUTIVE VICE CHAIR	8.00	Officer Director	$0	$0	$0
JANE EMISON	EXECUTIVE CHAIR	14.00	Officer Director	$0	$0	$0
JACK PEIRCE	DEPUTY DIRECTOR/CFO	40.00	Officer	$143,707	$25,996	$169,703
ADAM LERNER	CEO	40.00	Officer	$301,787	$36,019	$337,806
MARK L BAUMGARTNER	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$162,582	$11,769	$174,351

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
2024	No data	No data	No data	No data
2023	$7,371,016	$7,839,352	$38,254,186	$-468,336
2022	$8,917,182	$9,047,525	$35,721,685	$-130,343
2021	$11,070,079	$6,746,218	$40,212,131	$4,323,861
2020	$7,936,058	$8,719,320	$35,917,771	$-783,262
2019	$12,584,409	$10,846,533	$36,419,121	$1,737,876
2018	$10,534,575	$11,600,486	$34,446,214	$-1,065,911

PALM SPRINGS ART MUSEUM