RHIZOME COMMUNICATIONS INC co NEW MUSEUM OF CONTEMPORARY ART

EIN: 133995725 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,419,490
Total Expenses
$1,157,400
Total Assets
$672,915
Net Assets
$523,983
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
MICHAEL CONNOR
Phone
2122191288
Tax Period
2024-07-01 to 2025-06-30

RHIZOME COMMUNICATIONS INC co NEW MUSEUM OF CONTEMPORARY ART, founded in 1998, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $262K, a strong 18% operating margin.

Mission

TO PRESENT NEW MEDIA ART TO THE PUBLIC, FOSTER COMMUNICATION AND CRITICAL DIALOGUE ABOUT NEW ART, AND TO PRESERVE MEDIA ART FOR THE FUTURE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,249,190
Program Service Revenue $112,060
Investment Income $110
Other Revenue $58,130
TOTAL REVENUE $1,419,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $512,588
Fundraising Expenses $57,200
Program Expenses $1,003,194
Other Expenses $644,812
TOTAL EXPENSES $1,157,400

Year-over-Year Comparison

2024 2023 Change
Revenue $1,419,490 $821,964 +0.7%
Expenses $1,157,400 $1,210,294 0.0%
Net Income $262,090 $-388,330 -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

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Governance

Voting Members
20
Independent Members
20
Employees
5
Volunteers
6

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
6
$354,780
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CONNOR CO-EXECUTIVE DIRECTOR 40.00
Officer
$120,000 $13,472 $133,472
MAKAYLA BAILEY CO-EXECUTIVE DIRECTOR 40.00
Officer
$102,737 $118,571 $221,308
LINDSAY HOWARD BOARD CHAIR 40.00
Officer Director
$0 $0 $0
FRED BENENSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
LISA ROUMELL TREASURER 1.00
Officer Director
$0 $0 $0
JK BROWN BOARD PRESIDENT 1.00
Officer Director
$0 $0 $0
RENNY GLEESON BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM PALMER BOARD MEMBER 1.00
Director
$0 $0 $0
LISA PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
MARK TRIBE BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN WONG BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WOTOWICZ BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY CHOU BOARD MEMBER 1.00
Director
$0 $0 $0
HILLARY NEVE BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH OBADIKE BOARD MEMBER 1.00
Director
$0 $0 $0
MENDI OBADIKE BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN WONG BOARD MEMBER 1.00
Director
$0 $0 $0
RON ROSENZWEIG BOARD MEMBER 1.00
Director
$0 $0 $0
SKAWENNATI BOARD MEMBER 1.00
Director
$0 $0 $0
GABRIEL WHALEY BOARD MEMBER 1.00
Director
$0 $0 $0
DOROTHY CHOU BOARD MEMBER 1.00
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
2025 $1,419,490 $1,157,400 $672,915 $262,090
2024 $821,964 $1,210,294 $363,096 $-388,330
2024 No data No data No data No data
2023 $882,002 $1,312,087 $1,147,646 $-430,085
2023 $756,974 $1,211,908 $1,122,646 $-454,934
2022 $2,163,941 $1,149,266 $1,209,872 $1,014,675
2021 $785,362 $935,315 $259,839 $-149,953
2020 $818,729 $1,150,667 $529,820 $-331,938
2019 $690,011 $1,345,447 $621,724 $-655,436
2018 $1,702,771 $1,235,650 $1,281,770 $467,121
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