MELA FOUNDATION INC (EIN 133352195) - 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

1985

Legal Domicile

Phone

2129258270

Tax Period

2024-07-01 to 2025-06-30

MELA FOUNDATION INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $238K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION IS DEDICATED TO CREATIVE WORK IN MUSIC, VISUAL ARTS AND OTHER MEDIA AND TO THE PRESENTATION OF MAJOR EXTENDED INSTALLATIONS THE EXPAND TRADITIONAL BOUNDARIES OF THE ARTS. THE FOUNDATIONS ACTIVITIES INCLUDE PERFORMANCES, EXHIBITIONS, FILM, VIDEO AND RADIO PRESENTATIONS, TEACHING, RESEARCH AND PUBLICATIONS. IN ADDITION THE FOUNDATION DEVELOPS AND MAINTAINS EXTENSIVE ARCHIVES OF THE WORK OF CENTRAL FIGURES IN CONTEMPORARY 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 $143,783

Program Service Revenue $94,164

Investment Income $200

Other Revenue $300

TOTAL REVENUE $238,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $127,167

Fundraising Expenses $0

Program Expenses $200,548

Other Expenses $122,153

TOTAL EXPENSES $249,320

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,447	$340,760	-0.3%
Expenses	$249,320	$369,542	-0.3%
Net Income	$-10,873	$-28,782	-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

$64,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNG HEE CHOI	Vice President	40.00	Officer	$64,600	$0	$64,600
MICHAEL L COMMONS	Vice President	0.00	Officer	$0	$0	$0
PATRICE MILLER	Secretary	0.00	Officer	$0	$0	$0
JON HENDRICKS	President	0.00	Officer	$0	$0	$0
DIANE WAKOSKI	Director	0.00	Officer	$0	$0	$0
ALEX DEA	Director	0.00	Officer	$0	$0	$0
TERRY RILEY	Director	0.00	Officer	$0	$0	$0
CHARLES CURTIS	Director	0.00	Officer	$0	$0	$0
KENT D UNDERWOOD	Secretary	0.00	Officer	$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
2025	$238,447	$249,320	$21,031	$-10,873
2024	No data	No data	No data	No data
2022	$251,398	$350,693	$321,769	$-99,295
2022	$255,398	$350,693	$321,769	$-95,295
2020	$213,389	$290,585	$22,234	$-77,196
2019	$317,374	$367,161	$23,705	$-49,787
2018	$309,435	$346,304	$30,130	$-36,869

MELA FOUNDATION INC