PETERSEN AUTOMOTIVE MUSEUM FOUNDATION (EIN 954739699) - 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

1999

Legal Domicile

Principal Officer

TERRY KARGES

Phone

3239302277

Tax Period

2024-01-01 to 2024-12-31

PETERSEN AUTOMOTIVE MUSEUM FOUNDATION, founded in 1999, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $28.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $174.5M represent 75 months of operating reserves.

Mission

TO EXPLORE AND PRESENT THE HISTORY OF THE AUTOMOBILE AND ITS IMPACT ON GLOBAL LIFE AND CULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,261,937

Program Service Revenue $10,034,947

Investment Income $1,487,832

Other Revenue $6,202,072

TOTAL REVENUE $27,986,788

Expense Breakdown

Grants Paid $7,325

Salaries & Benefits $13,263,476

Fundraising Expenses $1,283,480

Program Expenses $23,482,319

Other Expenses $14,803,185

TOTAL EXPENSES $28,073,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,986,788	$25,097,609	+0.1%
Expenses	$28,073,986	$25,688,572	+0.1%
Net Income	$-87,198	$-590,963	-0.9%

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

249

Volunteers

166

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

$1,243,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY KARGES	EXECUTIVE DIRECTOR	40.00	Officer	$537,070	$38,881	$575,951
MICHAEL BODELL	CHIEF OPERATING OFFICER	40.00	Officer	$395,087	$22,567	$417,654
TOM TORII	CHIEF FINANCIAL OFFICER	40.00	Officer	$215,973	$34,377	$250,350
BRYAN STEVENS	EXHIBITS DIRECTOR	40.00	Highest	$174,116	$14,743	$188,859
LUNA BONDESAN	MARKETING DIRECTOR	40.00	Highest	$174,075	$6,194	$180,269
TERESA SEQUEIRA	FINANCE DIRECTOR	40.00	Highest	$143,629	$7,718	$151,347
ANNA SONG	CHIEF OF STAFF/INTERIM DIRECTOR ENGAGEMENT	40.00	Highest	$140,314	$36,497	$176,811
ALPEREN GUMAN	CHIEF TECHNOLOGY OFFICER	40.00	Highest	$137,779	$4,643	$142,422
RICHARD VARNER	CHAIRMAN/DIRECTOR	8.00	Officer Director	$0	$0	$0
BRUCE MEYER	VICE-CHAIR/DIRECTOR	4.00	Officer Director	$0	$0	$0
DAVID SYDORICK	VICE-CHAIR/DIRECTOR	4.00	Officer Director	$0	$0	$0
WILLIAM H AHMANSON	TREASURER/DIRECTOR	4.00	Officer Director	$0	$0	$0
RICHARD ROEDER	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHIP CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
VIN DI BONA	DIRECTOR	1.00	Director	$0	$0	$0
JUAN GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
MCKEEL HAGERTY	DIRECTOR	1.00	Director	$0	$0	$0
DR SABRINA KAY	DIRECTOR	1.00	Director	$0	$0	$0
MERLE MULLIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES NEARBURG	DIRECTOR	1.00	Director	$0	$0	$0
GREG PENSKE	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY RAHAL	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP SAROFIM	DIRECTOR	1.00	Director	$0	$0	$0
FRANZ VON HOLZHAUSEN	DIRECTOR	1.00	Director	$0	$0	$0
WOLFGANG PORSCHE	DIRECTOR	1.00	Director	$0	$0	$0
DUKE OF RICHMOND	DIRECTOR	1.00	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	$27,986,788	$28,073,986	$228,276,277	$-87,198
2023	$25,097,609	$25,688,572	$220,712,649	$-590,963
2022	$27,055,446	$23,999,947	$215,784,582	$3,055,499
2021	$7,730,255	$5,324,266	$222,687,653	$2,405,989
2021	$14,902,170	$17,703,741	$220,367,728	$-2,801,571
2020	$12,979,755	$19,181,920	$215,975,396	$-6,202,165
2019	$24,671,330	$22,220,372	$221,247,321	$2,450,958
2018	$16,262,161	$21,901,151	$220,505,505	$-5,638,990

PETERSEN AUTOMOTIVE MUSEUM FOUNDATION