MASSACHUSETTS MUSEUM OF CONTEMPORA… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

TRACY MOORE

Phone

4136644481

Tax Period

2023-10-01 to 2024-09-30

MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC, founded in 1990, is a mid-sized nonprofit in the Education sector that reported $18.3M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $20.7M exceeded revenue, resulting in a 13% operating deficit.

Mission

MASS MOCA'S MISSION IS TO FOSTER AND PRESENT VISUAL AND PERFORMING ARTS AND RELATED EDUCATIONAL PROGRAMS FOR THE BENEFIT OF THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $4,123,453 Revenue: $63

BUILDING AND GROUNDS - FACILITIES OPERATIONS AND MAINTENANCE OF THE ENTIRE MASS MOCA CAMPUS. THE COST OF REALTY OPERATIONS ALLOCABLE TO OTHER PROGRAM SERVICES, SUPPORTING SERVICES, AND AUXILIARY...

BUILDING AND GROUNDS - FACILITIES OPERATIONS AND MAINTENANCE OF THE ENTIRE MASS MOCA CAMPUS. THE COST OF REALTY OPERATIONS ALLOCABLE TO OTHER PROGRAM SERVICES, SUPPORTING SERVICES, AND AUXILIARY ACTIVITIES HAS NOT BEEN DETERMINED.

Program 2

Expenses: $4,845,852 Revenue: $1,724,972

VISUAL ARTS MASS MOCA EXHIBITS - TEMPORARY LARGE SCALE INSTALLATIONS AND EXHIBITIONS

Program 3

Expenses: $3,105,360 Revenue: $231,335

PERFORMING ARTS - MASS MOCA STAGES MULTIPLE PERFORMANCES OF MUSIC, DANCE, THEATER, FILMS AND DOCUMENTARIES

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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 $11,635,565

Program Service Revenue $3,833,638

Investment Income $597,463

Other Revenue $2,262,288

TOTAL REVENUE $18,328,954

Expense Breakdown

Grants Paid $207,000

Salaries & Benefits $10,083,527

Fundraising Expenses $1,828,368

Program Expenses $16,388,852

Other Expenses $10,387,630

TOTAL EXPENSES $20,678,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,328,954	$21,807,759	-0.2%
Expenses	$20,678,157	$20,427,850	+0.0%
Net Income	$-2,349,203	$1,379,909	-2.7%

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

239

Volunteers

180

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

$497,955

Total Directors

Key Employees

$205,456

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN L BELLER	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
ANDERS U SCHROEDER	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
ANDY WEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
ANOUK DEY	DIRECTOR	1.00	Director	$0	$0	$0
BEN LAMB	DIRECTOR	1.00	Director	$0	$0	$0
BEN SVENSON	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDE GRUNITZKY	DIRECTOR	1.00	Director	$0	$0	$0
DOUG COLE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH EASTON	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WAHAB	DIRECTOR	1.00	Director	$0	$0	$0
GERRY PASCIUCCO	DIRECTOR	1.00	Director	$0	$0	$0
GLENN KAINO	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY M AVIS	DIRECTOR	1.00	Director	$0	$0	$0
HANS ULRICH OBRIST	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD KODA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES F BIRGE PHD	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DEASON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GARDINER	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
JULIA BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
KATIE HAZLETT SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
KELLY KAISER	DIRECTOR	1.00	Director	$0	$0	$0
KERIS SALMON	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
LEO QUIGLEY	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY WADSWORTH	DIRECTOR	1.00	Director	$0	$0	$0
LINDA MASON	DIRECTOR	1.00	Director	$0	$0	$0
MARIKO SILVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK SIMONIAN	TREASURER	1.00	Officer Director	$0	$0	$0
MAUD S MANDEL	DIRECTOR	1.00	Director	$0	$0	$0
MELEKO MOKGOSI	DIRECTOR	1.00	Director	$0	$0	$0
NICK CAVE	DIRECTOR	1.00	Director	$0	$0	$0
OLIVIER MESLAY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT M HAND	DIRECTOR	1.00	Director	$0	$0	$0
SHEREE STOMBERG	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JENKS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM D COHAN	DIRECTOR	1.00	Director	$0	$0	$0
AMELIA WACHUR	DIRECTOR OF FINANCE	40.00	Officer	$102,608	$27,994	$130,602
JOHN DEROSA	CLERK	1.00	Officer	$0	$0	$0
KRISTY EDMUNDS	DIRECTOR OF MMOCA	40.00	Officer	$347,226	$20,127	$367,353
TRACY MOORE	DEPUTY DIRECTOR	40.00	Key Emp	$176,959	$28,497	$205,456
DENISE MARKONISH	CHIEF CURATOR	40.00	Highest	$118,634	$10,691	$129,325
ELLEN BECK	HEAD OF INDIVIDUAL GIVING	40.00	Highest	$154,458	$23,770	$178,228
LISA DENT	DIRECTOR OF PUBLIC PROGRAMS	40.00	Highest	$117,312	$8,676	$125,988
PAIGE BARTELS	SENIOR ADVISOR AND SECRETARY TO THE BOARD	40.00	Highest	$160,000	$3,600	$163,600
VICTORIA FREY	DIRECTOR OF PEOPLE AND CULTURE	40.00	Highest	$129,161	$2,940	$132,101

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	$18,328,954	$20,678,157	$86,301,366	$-2,349,203
2023	$21,807,759	$20,427,850	$83,492,610	$1,379,909
2022	$16,537,335	$17,144,582	$80,096,723	$-607,247
2021	$22,079,829	$14,988,368	$85,285,918	$7,091,461
2020	$13,989,042	$11,981,618	$72,228,617	$2,007,424
2019	$14,274,082	$15,127,180	$69,765,109	$-853,098
2018	$17,174,841	$14,921,451	$71,320,258	$2,253,390

MASSACHUSETTS MUSEUM OF CONTEMPORARY ART FOUNDATION INC