MESERVE-KUNHARDT FOUNDATION (EIN 202412662) - 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

2002

Legal Domicile

Principal Officer

PETER W KUNHARDT JR

Phone

9142382619

Tax Period

2023-01-01 to 2023-12-31

MESERVE-KUNHARDT FOUNDATION, founded in 2002, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 33% operating margin.

Mission

THE FOUNDATION PERMANENTLY PRESERVES THE WORK OF GORDON PARKS, MAKES IT AVAILABLE TO THE PUBLIC THROUGH EXHIBITIONS, BOOKS AND ELECTRONIC MEDIA, AND SUPPORTS ARTISTIC AND EDUCATIONAL ACTIVITIES THAT ADVANCE WHAT PARKS DESCRIBED AS "THE COMMON SEARCH FOR A BETTER LIFE AND A BETTER WORLD ." THE FOUNDATION'S EXHIBITION SPACE PRESENTS EXHIBITIONS ON GORDON PARKS AND OTHER ARTISTS WORKING WITHIN THE THEMES OF SOCIAL JUSTICE, AS PART OF THE FOUNDATION'S COMMITMENT TO EDUCATING THE PUBLIC.

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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 $2,765,040

Program Service Revenue $1,384,215

Investment Income $599,089

Other Revenue $-137,572

TOTAL REVENUE $4,610,772

Expense Breakdown

Grants Paid $158,600

Salaries & Benefits $1,016,672

Fundraising Expenses $273,163

Program Expenses $2,552,167

Other Expenses $1,923,217

TOTAL EXPENSES $3,098,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,610,772	$6,303,534	-0.3%
Expenses	$3,098,489	$2,981,982	+0.0%
Net Income	$1,512,283	$3,321,552	-0.5%

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

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

$591,760

Total Directors

$418,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEWIS J HART III	DIRECTOR	0.00	Director	$0	$0	$0
PETER W KUNHARDT	DIRECTOR	0.00	Director	$0	$0	$0
PETER W KUNHARDT JR	EXECUTIVE DIRECTOR	40.00	Officer Director	$418,600	$0	$418,600
DIANA REVSON	DIRECTOR	0.00	Director	$0	$0	$0
ALEXANDER SOROS	DIRECTOR	0.00	Director	$0	$0	$0
MARIO SPROUSE	DIRECTOR	0.00	Director	$0	$0	$0
DEBORAH WILLIS PHD	DIRECTOR	0.00	Director	$0	$0	$0
JACKIE GLOVER	DIRECTOR	0.00	Director	$0	$0	$0
WILLIAM JELANI COBB	DIRECTOR	0.00	Director	$0	$0	$0
LAURA BROWN	DIRECTOR	0.00	Director	$0	$0	$0
NINA FREEDMAN	PRESIDENT	0.00	Director	$0	$0	$0
PHILIP B KUNHARDT III	DIRECTOR	0.00	Director	$0	$0	$0
THOMAS A CONWAY	CHIEF FINANCIAL OFFICER	16.00	Officer	$173,160	$0	$173,160

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	No data	No data	No data
2023	$4,610,772	$3,098,489	$23,688,707	$1,512,283
2022	$6,303,534	$2,981,982	$22,170,693	$3,321,552
2021	$5,340,615	$3,021,679	$18,889,562	$2,318,936
2020	$3,256,949	$3,563,276	$16,642,571	$-306,327

MESERVE-KUNHARDT FOUNDATION