New Museum of Contemporary Art (EIN 132986881) - 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

1977

Legal Domicile

Phone

2122191222

Tax Period

2024-07-01 to 2025-06-30

New Museum of Contemporary Art, founded in 1977, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $25.7M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $6.9M, a strong 27% operating margin.

Mission

A CENTER FOR EXHIBITIONS, INFORMATION, AND DOCUMENTATION ABOUT LIVING ARTISTS SINCE 1977, WHICH CONTINUES TO BE A PLACE OF EXPERIMENTATION AND A HUB OF NEW ART AND NEW IDEAS.

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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 $22,476,994

Program Service Revenue $1,805,751

Investment Income $639,267

Other Revenue $771,466

TOTAL REVENUE $25,693,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,579,887

Fundraising Expenses $2,205,649

Program Expenses $15,115,036

Other Expenses $8,164,234

TOTAL EXPENSES $18,744,121

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,693,478	$30,646,973	-0.2%
Expenses	$18,744,121	$19,116,689	0.0%
Net Income	$6,949,357	$11,530,284	-0.4%

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

149

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

$2,301,462

Total Directors

Key Employees

$953,786

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA BOWES	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
CHARLOTTE FENG FORD	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
DAVID DROGA	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
DAVID HELLER	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
JAMES-KEITH BROWN	PRESIDENT	2.0	Officer Director	$0	$0	$0
JOHN FRIEDMAN	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
JOHN WOTOWICZ	TREASURER	2.0	Officer Director	$0	$0	$0
MITZI EISENBERG	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
PATRICIA BLANCHET	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
PAUL T SCHNELL	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
RUTH HOROWITZ	VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
SAUL DENNISON	CHAIRMAN EMERITUS	2.0	Officer Director	$0	$0	$0
SHELLEY FOX AARONS	SECRETARY	2.0	Officer Director	$0	$0	$0
CATHERINE ORENTREICH	BOARD MEMBER	2.0	Director	$0	$0	$0
DAKIS JOANNOU	BOARD MEMBER	2.0	Director	$0	$0	$0
DEBORAH RECHLER	BOARD MEMBER - TERM START	2.0	Director	$0	$0	$0
DIANNE WALLACE	BOARD MEMBER	2.0	Director	$0	$0	$0
DOUGLAS MCNEELY	BOARD MEMBER	2.0	Director	$0	$0	$0
ELISA NUYTEN	BOARD MEMBER	2.0	Director	$0	$0	$0
EUGENIO LOPEZ	BOARD MEMBER	2.0	Director	$0	$0	$0
EVAN CHOW	BOARD MEMBER	2.0	Director	$0	$0	$0
FUSUN ECZACIBASI	BOARD MEMBER	2.0	Director	$0	$0	$0
GAEL NEESON	BOARD MEMBER	2.0	Director	$0	$0	$0
HANK LATNER	BOARD MEMBER	2.0	Director	$0	$0	$0
HUNTER GRAY	BOARD MEMBER	2.0	Director	$0	$0	$0
JAMES C A MCCLENNEN	BOARD MEMBER	2.0	Director	$0	$0	$0
JAMIE SINGER SOROS	BOARD MEMBER	2.0	Director	$0	$0	$0
JENNIFER LEVITT	BOARD MEMBER - TERM START	2.0	Director	$0	$0	$0
JILL KRAUS	BOARD MEMBER	2.0	Director	$0	$0	$0
JOAN LAZARUS	BOARD MEMBER	2.0	Director	$0	$0	$0
KEN KUCHIN	BOARD MEMBER	2.0	Director	$0	$0	$0
LAURA SKOLER	BOARD MEMBER	2.0	Director	$0	$0	$0
LEON AMITAI	BOARD MEMBER - TERM ENDED	2.0	Director	$0	$0	$0
LISA WATSON	BOARD MEMBER	2.0	Director	$0	$0	$0
LIZA MAUER	BOARD MEMBER	2.0	Director	$0	$0	$0
LOLA GOLDRING	BOARD MEMBER	2.0	Director	$0	$0	$0
MAJA HOFFMANN	BOARD MEMBER	2.0	Director	$0	$0	$0
MANUEL E GONZALEZ	BOARD MEMBER	2.0	Director	$0	$0	$0
NARI WARD	BOARD MEMBER	2.0	Director	$0	$0	$0
NEDA YOUNG	BOARD MEMBER	2.0	Director	$0	$0	$0
PETER BOYCE II	BOARD MEMBER	2.0	Director	$0	$0	$0
RANDI LEVINE	BOARD MEMBER - TERM START	2.0	Director	$0	$0	$0
RICHARD MUMBY	BOARD MEMBER	2.0	Director	$0	$0	$0
RUBEN LEVI	BOARD MEMBER	2.0	Director	$0	$0	$0
SARA STORY	BOARD MEMBER - TERM START	2.0	Director	$0	$0	$0
STEPHANIE FRENCH	BOARD MEMBER	2.0	Director	$0	$0	$0
STEPHANIE HORTON	BOARD MEMBER	2.0	Director	$0	$0	$0
SUE HOSTETLER WRIGLEY	BOARD MEMBER	2.0	Director	$0	$0	$0
SULTAN SOOUD AL QASSEMI	BOARD MEMBER	2.0	Director	$0	$0	$0
SUNNY Y GOLDBERG	BOARD MEMBER	2.0	Director	$0	$0	$0
SUSAN FEINSTEIN	BOARD MEMBER	2.0	Director	$0	$0	$0
ZOLTAN VARGA	BOARD MEMBER	2.0	Director	$0	$0	$0
DENNIS SZAKACS	CHIEF OPERATING OFFICER	40.0	Officer	$241,584	$22,028	$263,612
ISOLDE BRIELMAIER	DEPUTY DIRECTOR	40.0	Officer	$137,521	$65	$137,586
LISA PHILLIPS	TOBY DEVAN LEWIS DIRECTOR	40.0	Officer	$825,030	$49,518	$874,548
MASSIMILIANO GIONI	ARTISTIC DIRECTOR	40.0	Officer	$417,070	$13,861	$430,931
REGAN GRUSY	DEPUTY DIRECTOR	40.0	Officer	$339,402	$16,208	$355,610
RICHARD DRYSDALE	VP, FINANCE & ADMINISTRATION	40.0	Officer	$226,227	$12,948	$239,175
DIANE VIVONA	VP FOR ADVANCEMENT	40.0	Key Emp	$203,477	$34,568	$238,045
KEILA TENNENT	GENERAL COUNSEL & VP OF COMM.	40.0	Key Emp	$205,220	$19,316	$224,536
MARIAH MAZUR	DEVELOPMENT DIRECTOR & VP INTERNATIONAL PARTNERSHIPS	40.0	Key Emp	$225,062	$0	$225,062
SCOTT CAMPBELL	DIR. OF CAMPAIGN ADVANCEMENT	40.0	Key Emp	$249,870	$16,273	$266,143
ALETHEA ROCKWELL	DIRECTOR OF EDUCATION & PUBLIC ENGAGEMENT	40.0	Highest	$126,140	$14,453	$140,593
BRIAN DORE	DIRECTOR OF FINANCE & ADMIN.	40.0	Highest	$157,749	$12,894	$170,643
IMANI A DESRAMEAUX	DIRECTOR OF HUMAN RESOURCES	40.0	Highest	$133,039	$14,832	$147,871
INDRANIE SANICHAR	DIRECTOR OF IT	40.0	Highest	$139,995	$16,273	$156,268
SALOME ASEGA	DIRECTOR, NEW INC	40.0	Highest	$151,716	$12,959	$164,675

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
2025	$25,693,478	$18,744,121	$143,328,917	$6,949,357
2024	$30,646,973	$19,116,689	$129,035,729	$11,530,284
2023	$22,785,608	$19,314,507	$114,572,555	$3,471,101
2022	$41,908,538	$16,975,769	$107,362,095	$24,932,769
2021	$11,594,818	$15,107,806	$99,204,860	$-3,512,988
2020	$11,726,489	$15,975,223	$102,984,339	$-4,248,734
2019	$14,932,776	$17,522,132	$95,537,627	$-2,589,356
2019	$25,220,466	$17,522,132	$105,928,634	$7,698,334
2018	$16,368,880	$16,850,426	$98,751,194	$-481,546
2018	$16,368,880	$16,850,426	$98,751,194	$-481,546

New Museum of Contemporary Art