MOBIS CORPORATION

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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

1960

Legal Domicile

Principal Officer

CAROLINE PORTER

Phone

9143818900

Tax Period

2024-01-01 to 2024-08-31

Mission

MOBIS CORPORATION ("MOBIS") IS AN EXEMPT TITLE HOLDING COMPANY UNDER SECTION 501(C)(2) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1

MOBIS IS AN EXEMPT TITLE HOLDING COMPANY. THE SOLE ACTIVITY OF MOBIS HAS BEEN TO HOLD TITLE TO REAL PROPERTY, A BUILDING IN PARIS USED BY MOBIS' SOLE SHAREHOLDER, THE MONA BISMARCK AMERICAN CENTER...

MOBIS IS AN EXEMPT TITLE HOLDING COMPANY. THE SOLE ACTIVITY OF MOBIS HAS BEEN TO HOLD TITLE TO REAL PROPERTY, A BUILDING IN PARIS USED BY MOBIS' SOLE SHAREHOLDER, THE MONA BISMARCK AMERICAN CENTER FOR ART AND CULTURE, INC. (THE "FOUNDATION"), FOR ITS DIRECT CHARITABLE ACTIVITIES. THE BUILDING WAS SOLD ON SEPTEMBER 14, 2023. THE BOARD OF DIRECTORS AND SHAREHOLDER OF MOBIS APPROVED THE DISSOLUTION OF MOBIS ON AUGUST 14, 2024, AND THE CERTIFICATE OF DISSOLUTION WAS FILED WITH THE NEW YORK STATE DEPARTMENT OF STATE DIVISION OF CORPORATIONS ON SEPTEMBER 4, 2024. AS REQUIRED, A COPY OF THE CERTIFICATE AND FILING RECEIPT IS ATTACHED. ALL REMAINING ASSETS WERE TRANSFERRED TO THE FOUNDATION. REFER TO SCHEDULE N AND PART XI, LINE 9.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $845,663

TOTAL EXPENSES $845,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$42,452,553	-1.0%
Expenses	$845,663	$11,292,817	-0.9%
Net Income	N/A	$31,159,736	N/A

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

N/A

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
CAROLINE PORTER	DIRECTOR AND PRESIDENT	2.00	Officer Director	$0	$0	$0
MAUREEN MCCARTHY	DIRECTOR AND VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
KAREN ALTUZARRA	DIRECTOR, SECRETARY AND TREASURER	2.00	Officer Director	$0	$0	$0
ANNE-HELENE MONSELLATO	VICE PRESIDENT	2.00	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
2024	No data	$845,663	No data	No data
2023	$42,452,553	$11,292,817	$31,124,451	$31,159,736