ARMAND HAMMER MUSEUM OF ART AND CU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

ZOE RYAN

Phone

3104437058

Tax Period

2023-07-01 to 2024-06-30

ARMAND HAMMER MUSEUM OF ART AND CULTURAL CENTER INC, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $31.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $39.9M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE HAMMER MUSEUM AT UCLA BELIEVES IN THE PROMISE OF ART AND IDEAS TO ILLUMINATE OUR LIVES AND BUILD A MORE JUST WORLD.

Program Service Accomplishments

Program 1

Expenses: $24,383,844 Revenue: $976,050

EXHIBITIONS, PUBLICATIONS & COLLECTIONS: THE MUSEUM PRESENTS CONTEMPORARY AND HISTORICAL ART IN ALL MEDIA IN A ROTATING EXHIBITION PROGRAM THAT TYPICALLY PRESENTS 10-15 EXHIBITIONS AND PUBLISHES 2-6 BOOKS EACH YEAR. IN 2024 THE MUSEUM PRESENTED EXHIBITIONS OF WORKS BY ARTISTS FROM KOREA IN THE 1960S-1980S, A RETROSPECTIVE OF ARTIST DAVID MEDALLA, AND AN EXHIBITON OF WORKS BY FASHION DESIGNERS CFGNY (NEW YORK) AND WATARU TOMINAGA (TOKYO). IN THE FALL THE HAMMER PARTICIPATED IN THE REGION-WIDE INITIATIVE "PST ART: ART AND SCIENCE COLLIDE" WITH THE EXHIBITION "BREATH(E): TOWARD CLIMATE AND SOCIAL JUSTICE. THE MUSEUM IS ALSO THE STEWARD OF FIVE COLLECTIONS: THE HAMMER CONTEMPORARY COLLECTION, A GROWING COLLECTION OF INTERNATIONAL CONTEMPORARY ART SINCE 1960; THE UCLA GRUNWALD CENTER FOR THE GRAPHIC ARTS COLLECTION, ONE OF AMERICA'S FINEST COLLECTIONS OF WORKS ON PAPER, CONTAINING MORE THAN 45,000 PRINTS, DRAWINGS, PHOTOGRAPHS, AND ARTISTS' BOOKS FROM THE RENAISSANCE TO THE PRESENT; THE ARMAND HAMMER COLLECTION, AN IMPRESSIVE COLLECTION OF EUROPEAN AND AMERICAN PAINTINGS AND DRAWINGS REFLECTING THE INTERESTS AND PASSION OF THE MUSEUM'S FOUNDER, ARMAND HAMMER; THE ARMAND HAMMER DAUMIER AND CONTEMPORARIES COLLECTION, ONE OF THE WORLD'S MOST EXTENSIVE COLLECTIONS OF PRINTS, DRAWINGS, PAINTINGS, AND SCULPTURE BY NINETEENTH-CENTURY FRENCH SATIRIST HONORE DAUMIER; AND THE UCLA FRANKLIN D. MURPHY SCULPTURE GARDEN, WHICH INCLUDES OVER 70 OUTDOOR SCULPTURES.

Program 2

Expenses: $5,999,154 Revenue: $32,890

PUBLIC & ACADEMIC PROGRAMS: THE HAMMER'S 300+ PROGRAMS EACH YEAR ARE DESIGNED TO SPARK MEANINGFUL ENCOUNTERS WITH ART AND IDEAS. THEY INCLUDE LECTURES, SYMPOSIA, UNIVERSITY OUTREACH, FILM SERIES...

PUBLIC & ACADEMIC PROGRAMS: THE HAMMER'S 300+ PROGRAMS EACH YEAR ARE DESIGNED TO SPARK MEANINGFUL ENCOUNTERS WITH ART AND IDEAS. THEY INCLUDE LECTURES, SYMPOSIA, UNIVERSITY OUTREACH, FILM SERIES, READINGS, FAMILY EVENTS, TOURS, AND MUSICAL PERFORMANCES. PROGRAM HIGHLIGHTS INCLUDE THE "SUMMER NIGHT CINEMA" FILM SERIES HIGHLIGHTING RECENT DOCUMENTARIES; NUMEROUS PANELS AND PERFORMANCES IN CONJUNCTION WITH THE MUSEUM'S EXHIBITIONS; AND POPULAR SERIES LIKE THE MOMA CONTENDERS FILM SERIES AND HAMMER SUMMER CONCERTS. HAMMER MUSEUMS PROGRAM DETAILS ARE AVAILABLE ON OUR WEBSITE, WWW.HAMMER.UCLA.EDU.

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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 $23,708,504

Program Service Revenue $1,008,940

Investment Income $6,715,082

Other Revenue $421,047

TOTAL REVENUE $31,853,573

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,358,389

Fundraising Expenses $4,697,315

Program Expenses $30,382,998

Other Expenses $23,567,117

TOTAL EXPENSES $39,925,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,853,573	$28,730,767	+0.1%
Expenses	$39,925,506	$36,991,314	+0.1%
Net Income	$-8,071,933	$-8,260,547	0.0%

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

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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

576

Volunteers

N/A

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

$1,326,378

Total Directors

$1,581,358

Key Employees

$1,318,823

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GENE D BLOCK	DIRECTOR	1.00	Director	$0	$69,464	$766,712
BRETT STEELE	DIRECTOR	1.00	Director	$0	$52,397	$467,808
MARY OSAKO	DIRECTOR	1.00	Director	$0	$50,931	$346,838
MARCY CARSEY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEVEN P SONG	DIRECTOR	1.00	Director	$0	$0	$0
JAY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ESRAILIAN	DIRECTOR	1.50	Director	$0	$0	$0
CHARLES GAINES	DIRECTOR	1.50	Director	$0	$0	$0
MICHAEL RUBEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
MANUELA HERZER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA JANGER	DIRECTOR	1.00	Director	$0	$0	$0
LARRY MARX	DIRECTOR	1.50	Director	$0	$0	$0
CINDY MISCIKOWSKI	DIRECTOR	1.50	Director	$0	$0	$0
ANTHONY N PRITZKER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN L RATNER	DIRECTOR	1.00	Director	$0	$0	$0
CHIP ROSENBLOOM	DIRECTOR	1.00	Director	$0	$0	$0
CHARA SCHREYER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN A OLSEN	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT SOROS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WALSH	DIRECTOR	1.50	Director	$0	$0	$0
NICK GROUF	DIRECTOR	1.00	Director	$0	$0	$0
ANN PHILBIN	MUSEUM DIRECTOR/CEO	40.00	Officer	$723,557	$68,822	$792,379
MICHAEL HARRISON	DEPUTY DIR/ASST TREASURER	40.00	Officer	$307,338	$37,271	$344,609
RESHMA BISHNOI	SEC/DIR LEGAL AFFAIRS	40.00	Officer	$164,183	$25,207	$189,390
CYNTHIA BURLINGHAM	DEPUTY DIR/CURATORIAL AFFAIRS	40.00	Key Emp	$298,559	$68,472	$367,031
CORNELIA BUTLER	CHIEF CURATOR THRU 9/29/23	40.00	Key Emp	$191,925	$51,103	$243,028
ALFRED YERIES	DEPUTY DIR/EXTERNAL AFFAIRS	40.00	Key Emp	$268,964	$28,287	$297,251
SCOTT TENNENT	CHIEF COMMUNICATIONS OFFICER	40.00	Key Emp	$184,758	$36,342	$221,100
JOANNE TOLBERT-WELLS	CHIEF OF HUMAN RESOURCES & EQUITY THRU 10/6/23	40.00	Key Emp	$176,200	$14,213	$190,413
HENRY CLANCY	DIRECTOR OPERATIONS	40.00	Highest	$151,869	$28,759	$180,628
PORTLAND MCCORMICK	DIR REGISTRATION & COLLEC MGMT	40.00	Highest	$145,046	$30,267	$175,313
CLAUDIA BESTOR	DIRECTOR PUBLIC PROGRAMS	40.00	Highest	$136,533	$27,230	$163,763
WEIJIUN ROBERTSON	DIRECTOR OF FINANCE	40.00	Highest	$132,637	$12,803	$145,440
MICHAEL NOCK	DIRECTOR OF EXHIBITIONS & PUBLICATIONS	40.00	Highest	$126,298	$37,497	$163,795

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	$31,853,573	$39,925,506	$299,333,107	$-8,071,933
2023	$28,730,767	$36,991,314	$299,608,131	$-8,260,547
2022	$34,992,263	$30,699,387	$300,503,253	$4,292,876
2021	$25,988,369	$25,991,438	$321,317,525	$-3,069
2020	$27,039,549	$29,817,524	$286,371,378	$-2,777,975
2019	$38,077,632	$30,005,516	$287,623,469	$8,072,116
2018	$51,137,169	$27,444,211	$276,868,740	$23,692,958

ARMAND HAMMER MUSEUM OF ART AND CULTURAL CENTER INC