Henry Morrison Flagler Museum
Henry Morrison Flagler Museum shows consistent asset growth and zero officer compensation over a decade.
EIN: 130873838 · Palm Beach, FL · NTEE: A540 · Updated: 2026-03-28
Is Henry Morrison Flagler Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry Morrison Flagler Museum directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry Morrison Flagler Museum
Henry Morrison Flagler Museum (EIN: 130873838) is a nonprofit organization based in Palm Beach, FL, classified under NTEE code A540. The organization reported total revenue of $21.3M and total assets of $63.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Morrison Flagler Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry Morrison Flagler Museum is a large nonprofit that has been operating for 64 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$1.5M |
| Total Assets | $60.1M |
| Total Liabilities | $6.2M |
| Net Assets | $53.9M |
| Operating Margin | 19.8% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 115.4 months |
Financial Health Grade: A
In 2023, Henry Morrison Flagler Museum reported a surplus of $1.5M with revenue exceeding expenses, holds 115.4 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Henry Morrison Flagler Museum's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.0% | +11.8% | +11.7% |
| 2022 | +21.0% | +32.4% | -14.8% |
| 2021 | +100.2% | +0.7% | +11.1% |
| 2020 | -33.7% | -20.4% | +4.5% |
| 2019 | -27.1% | -6.0% | +12.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Henry Morrison Flagler Museum with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Henry Morrison Flagler Museum allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.4%.
Executive Compensation Analysis
The Henry Morrison Flagler Museum consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size with assets exceeding $60 million and suggests a volunteer-led executive structure or that compensation is categorized differently, though 'Officer Comp' specifically states zero.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Henry Morrison Flagler Museum's IRS 990 filings:
- Lack of detailed spending breakdown (programs, admin, fundraising) in provided summary data, making precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Henry Morrison Flagler Museum:
- Consistent reporting of 0% officer compensation, indicating high transparency and dedication to mission.
- Strong asset growth over the past decade, reaching $60,097,670 in 2023.
- Positive net income in recent years (e.g., $1,539,964 in 2023), demonstrating sound financial management.
- Significant revenue growth in the last three years, from $2,380,623 in 2020 to $7,789,054 in 2023.
Frequently Asked Questions about Henry Morrison Flagler Museum
Is Henry Morrison Flagler Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, Henry Morrison Flagler Museum (EIN: 130873838) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Henry Morrison Flagler Museum spend its money?
Henry Morrison Flagler Museum directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Henry Morrison Flagler Museum tax-deductible?
Henry Morrison Flagler Museum is registered as a tax-exempt nonprofit (EIN: 130873838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Henry Morrison Flagler Museum manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the museum's leadership roles are either entirely volunteer-based or that executive compensation is structured in a way that it is not reported under 'Officer Comp' on the 990, which would be unusual. This practice is a strong indicator of a highly dedicated and potentially volunteer-driven executive team.
What is the primary source of the museum's revenue growth in recent years?
While the detailed breakdown of revenue sources is not provided in the summary, the significant increase in revenue from $2,380,623 in 2020 to $7,789,054 in 2023 suggests a strong recovery post-pandemic, potentially driven by increased admissions, successful fundraising campaigns, or growth in investment income.
Is the museum's asset growth sustainable?
The museum has shown consistent asset growth, from $48,545,508 in 2018 to $60,097,670 in 2023, alongside positive net income in recent years. This trend suggests sustainable financial management and a healthy accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Henry Morrison Flagler Museum showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Henry Morrison Flagler Museum's revenue has grown by 179.1%, moving from $2.8M to $7.8M. Total assets increased by 4.7% over the same period, from $57.4M to $60.1M. Total functional expenses rose by 41.4%, from $4.4M to $6.2M. In its most recent filing year (2023), Henry Morrison Flagler Museum reported a surplus of $1.5M, with revenue exceeding expenses. The organization holds $6.2M in liabilities against $60.1M in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $53.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $6.2M | $60.1M | $6.2M | — | — |
| 2022 | $5.8M | $5.6M | $53.8M | $6.2M | — | View 990 |
| 2021 | $4.8M | $4.2M | $63.1M | $6.3M | — | View 990 |
| 2020 | $2.4M | $4.2M | $56.8M | $6.4M | — | — |
| 2019 | $3.6M | $5.3M | $54.4M | $6.3M | — | View 990 |
| 2018 | $4.9M | $5.6M | $48.5M | $6.2M | — | View 990 |
| 2017 | $6.6M | $5.5M | $53.9M | $6.3M | — | View 990 |
| 2016 | $4.0M | $6.0M | $53.9M | $9.2M | — | View 990 |
| 2015 | $3.7M | $6.3M | $54.2M | $9.7M | — | View 990 |
| 2014 | $5.3M | $5.8M | $58.0M | $9.9M | — | View 990 |
| 2013 | $4.1M | $5.2M | $59.8M | $10.1M | — | View 990 |
| 2012 | $3.2M | $4.9M | $54.7M | $10.4M | — | View 990 |
| 2011 | $2.2M | $4.9M | $52.1M | $10.5M | — | View 990 |
| 2010 | $2.8M | $4.4M | $57.4M | $10.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $6.2M, and assets of $60.1M (revenue +35.0% year-over-year).
- 2022: Revenue of $5.8M, expenses of $5.6M, and assets of $53.8M (revenue +21.0% year-over-year).
- 2021: Revenue of $4.8M, expenses of $4.2M, and assets of $63.1M (revenue +100.2% year-over-year).
- 2020: Revenue of $2.4M, expenses of $4.2M, and assets of $56.8M (revenue -33.7% year-over-year).
- 2019: Revenue of $3.6M, expenses of $5.3M, and assets of $54.4M (revenue -27.1% year-over-year).
- 2018: Revenue of $4.9M, expenses of $5.6M, and assets of $48.5M (revenue -25.5% year-over-year).
- 2017: Revenue of $6.6M, expenses of $5.5M, and assets of $53.9M (revenue +64.8% year-over-year).
- 2016: Revenue of $4.0M, expenses of $6.0M, and assets of $53.9M (revenue +9.2% year-over-year).
- 2015: Revenue of $3.7M, expenses of $6.3M, and assets of $54.2M (revenue -31.3% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.8M, and assets of $58.0M (revenue +29.0% year-over-year).
- 2013: Revenue of $4.1M, expenses of $5.2M, and assets of $59.8M (revenue +28.3% year-over-year).
- 2012: Revenue of $3.2M, expenses of $4.9M, and assets of $54.7M (revenue +44.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $4.9M, and assets of $52.1M (revenue -19.8% year-over-year).
- 2010: Revenue of $2.8M, expenses of $4.4M, and assets of $57.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry Morrison Flagler Museum:
Data Sources and Methodology
This transparency report for Henry Morrison Flagler Museum is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.