FOUNDATION FOR CONTEMPORARY ARTS INC (EIN 131978163) - 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

1963

Legal Domicile

Principal Officer

KAY TAKEDA

Phone

2128077077

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR CONTEMPORARY ARTS INC, founded in 1963, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 28% operating margin.

Mission

TO ENCOURAGE, SPONSOR, AND PROMOTE INNOVATIVE WORK IN THE ARTS.

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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 $2,305,523

Program Service Revenue $0

Investment Income $2,031,261

Other Revenue $546

TOTAL REVENUE $4,337,330

Expense Breakdown

Grants Paid $1,605,000

Salaries & Benefits $983,651

Fundraising Expenses $256,460

Program Expenses $2,230,760

Other Expenses $547,458

TOTAL EXPENSES $3,136,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,337,330	$6,433,716	-0.3%
Expenses	$3,136,109	$3,263,683	0.0%
Net Income	$1,201,221	$3,170,033	-0.6%

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

$445,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILY BROWN	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JULIAN LETHBRIDGE	CO-CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY B CREAMER III	TREASURER	2.00	Officer Director	$0	$0	$0
EMILY WEI RALES	SECRETARY	2.00	Officer Director	$0	$0	$0
ANNE COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE C JONES	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
DEAN MOSS	DIRECTOR	1.00	Director	$0	$0	$0
OKWUI OKPOKWASILI	DIRECTOR	1.00	Director	$0	$0	$0
MATANA ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WELLING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN YAU	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH K TAKEDA	EXECUTIVE DIRECTOR	40.00	Officer	$244,276	$25,752	$270,028
KATHLEEN FLYNN	DEPUTY DIRECTOR	40.00	Officer	$156,456	$18,843	$175,299

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	$4,337,330	$3,136,109	$55,356,112	$1,201,221
2023	$6,433,716	$3,263,683	$50,346,689	$3,170,033
2022	$8,053,660	$2,791,665	$41,728,764	$5,261,995
2021	$7,582,108	$5,403,452	$44,020,214	$2,178,656
2020	$5,398,750	$4,845,429	$41,344,934	$553,321
2019	$3,626,867	$2,113,019	$35,701,394	$1,513,848
2018	$3,391,809	$1,889,742	$30,628,285	$1,502,067

FOUNDATION FOR CONTEMPORARY ARTS INC