INSTITUTE OF MUSICAL ART

EIN: 136162648 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
N/A
Total Expenses
$663,731
Total Assets
$13,456,969
Net Assets
$13,456,969
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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
1905
Legal Domicile
NY
Principal Officer
BRUCE KOVNER PRESIDENT
Phone
2127995000
Tax Period
2024-07-01 to 2025-06-30

Mission

SUPPORT OF THE JUILLIARD SCHOOL, A 501(C)(3) ORGANIZATION.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $663,731
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $663,731
Other Expenses $0
TOTAL EXPENSES $663,731

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $663,731 $639,283 +0.0%
Net Income N/A $-639,283 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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
3
$450,391
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH POLISI TRUSTEE 1.00
Director
$0 $74,120 $450,391
CHRISTINE TODD TREASURER 1.00
Officer Director
$0 $0 $0
BRUCE KOVNER PRESIDENT 1.00
Officer 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 No data $663,731 $13,456,969 No data
2024 No data $639,283 $12,805,697 No data
2023 No data $618,517 $12,345,130 No data
2022 No data $577,228 $12,555,370 No data
2021 No data $556,638 $13,620,449 No data
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