IMMATERIAL INCORPORATED (EIN 113504837) - 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

Sina Khajeh-Najafi

Phone

7182228434

Tax Period

2024-01-01 to 2024-12-31

IMMATERIAL INCORPORATED, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $365K in total revenue in fiscal year 2024. Revenue surged 1072% from the prior year, signaling strong growth momentum. The organization ran a surplus of $125K, a strong 34% operating margin.

Mission

To engage the public in the critical examination of the relationship between the arts and other humanistic and scientific disciplines through the publication of Cabinet Magazine and books, and by organizing public events and exhibitions.

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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 $313,867

Program Service Revenue $0

Investment Income $25,941

Other Revenue $25,050

TOTAL REVENUE $364,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,774

Fundraising Expenses $29,609

Program Expenses $172,809

Other Expenses $134,717

TOTAL EXPENSES $239,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,858	$31,132	+10.7%
Expenses	$239,491	$219,113	+0.1%
Net Income	$125,367	$-187,981	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sina Khajeh-Najafi	Treasurer	60.00	Officer Director	$0	$0	$0
Jeff Dolven	Secretary	0.50	Officer Director	$0	$0	$0
George Prochnik	President	0.50	Officer Director	$0	$0	$0
Edward Wilson	Director	0.50	Director	$0	$0	$0
Terry Winters	Director	0.50	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	$364,858	$239,491	$1,410,094	$125,367
2023	$31,132	$219,113	$1,292,937	$-187,981
2022	$230,007	$207,260	$1,474,387	$22,747
2021	$228,649	$225,549	$1,456,214	$3,100
2020	$114,935	$262,674	$1,472,285	$-147,739
2019	$118,215	$219,436	$1,617,360	$-101,221
2018	$706,903	$276,323	$1,723,801	$430,580

IMMATERIAL INCORPORATED