LONG BEACH MUSEUM OF ART FOUNDATION (EIN 952567271) - 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

1968

Legal Domicile

Principal Officer

RONALD NELSON

Phone

5624392119

Tax Period

2023-10-01 to 2024-09-30

LONG BEACH MUSEUM OF ART FOUNDATION, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.6M exceeded revenue, resulting in a 20% operating deficit.

Mission

The purpose of the Foundation is to promote understanding and appreciation of the arts, to collect and exhibit significant works of art, & to manage and support an institution where these works of art may be housed and displayed for the education and enjoyment of the public.

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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 $1,898,908

Program Service Revenue $272,562

Investment Income $74,559

Other Revenue $-79,231

TOTAL REVENUE $2,166,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,494,111

Fundraising Expenses $150,099

Program Expenses $2,226,948

Other Expenses $1,098,103

TOTAL EXPENSES $2,592,214

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,166,798	$2,347,225	-0.1%
Expenses	$2,592,214	$2,404,417	+0.1%
Net Income	$-425,416	$-57,192	+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

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

$265,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD NELSON	Executive Dir.	40.00	Officer	$252,383	$13,055	$265,438
IRIS QUIROZ	DIR OF INSTITUTIONAL ADVANCEMENT	40.00		$137,746	$13,841	$151,587
LAURA MILLMAN	Trustee	1.00	Director	$0	$0	$0
DEBBIE AUTREY	Trustee	1.00	Director	$0	$0	$0
MARK GUILLEN	Trustee	1.00	Director	$0	$0	$0
DR OLIVER BROOKS	Trustee	1.00	Director	$0	$0	$0
DONITA VAN HORIK	Trustee	1.00	Director	$0	$0	$0
MARYBETH KANE	Trustee	1.00	Director	$0	$0	$0
BARBARA WILDE	Trustee	1.00	Director	$0	$0	$0
WAYNE BRANDER	President	1.00	Officer Director	$0	$0	$0
SYLVIA HARTMAN	Trustee	1.00	Director	$0	$0	$0
ANIA SULLIVAN	Trustee	1.00	Director	$0	$0	$0
DONITA JOSEPH	Treasurer	1.00	Officer Director	$0	$0	$0
MARSHA JEFFER	Secretary	1.00	Officer Director	$0	$0	$0
PAMELA MUNZER	Trustee	1.00	Director	$0	$0	$0
DON GIBBS	Trustee	1.00	Director	$0	$0	$0
MATTHEW RABIN	Vice President	1.00	Officer 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
2024	$2,166,798	$2,592,214	$6,303,376	$-425,416
2023	$2,347,225	$2,404,417	$6,423,631	$-57,192
2022	$2,385,498	$2,115,002	$6,343,492	$270,496
2021	$1,952,498	$1,623,398	$6,296,049	$329,100
2020	$1,514,327	$1,667,923	$5,708,644	$-153,596
2019	$1,885,519	$2,074,592	$6,168,126	$-189,073
2018	$3,019,133	$1,872,706	$6,416,190	$1,146,427

LONG BEACH MUSEUM OF ART FOUNDATION