MUSEUM OF CONTEMPORARY ART DETROIT (EIN 203872376) - 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

2005

Legal Domicile

Principal Officer

MARIE MADISON-PATTON

Phone

3138326622

Tax Period

2023-01-01 to 2023-12-31

MUSEUM OF CONTEMPORARY ART DETROIT, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $2.0M exceeded revenue, resulting in a 47% operating deficit.

Mission

MOCAD IS WHERE ADVENTUROUS MINDS ENCOUNTER THE BEST IN CONTEMPORARY VISUAL, LITERARY, MUSIC, AND PERFORMING ARTS. A RESPONSIVE CENTER FOR DIVERSE AUDIENCES, MOCAD PRESENTS ART THAT CONTEXTUALIZES, INTERPRETS AND EXPANDS CULTURE, PUSHING US TO THE EDGES OF CONTEMPORARY EXPERIENCE.

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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 $788,170

Program Service Revenue $0

Investment Income $97

Other Revenue $556,502

TOTAL REVENUE $1,344,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,328,497

Fundraising Expenses $109,451

Program Expenses $1,611,068

Other Expenses $647,592

TOTAL EXPENSES $1,976,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,344,769	$1,330,681	+0.0%
Expenses	$1,976,089	$1,925,523	+0.0%
Net Income	$-631,320	$-594,842	+0.1%

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

$122,943

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIR ALI	DIRECTOR	5.00	Director	$0	$0	$0
ALEXANDER TAUBMAN	DIRECTOR	5.00	Director	$0	$0	$0
CARMEN N'NAMDI	DIRECTOR	5.00	Director	$0	$0	$0
CATE STRUMBOS	DIRECTOR	5.00	Director	$0	$0	$0
CEZANNE CHARLES	DIRECTOR	5.00	Director	$0	$0	$0
DAN FELD	DIRECTOR	5.00	Director	$0	$0	$0
EMILY FERRERO	DIRECTOR	5.00	Director	$0	$0	$0
DR CHARLES BOYD	CO-CHAIR	5.00	Director	$0	$0	$0
DREAM HAMPTON	DIRECTOR	5.00	Director	$0	$0	$0
ELLE ELDER	DIRECTOR	5.00	Director	$0	$0	$0
JESSICA CARE MOORE	DIRECTOR	5.00	Director	$0	$0	$0
KEITH POMEROY	TREASURER	5.00	Officer Director	$0	$0	$0
LINDA DRESNER	DIRECTOR	5.00	Director	$0	$0	$0
LINDA POWERS	SECRETARY	5.00	Officer Director	$0	$0	$0
LISA APPLEBAUM	DIRECTOR	5.00	Director	$0	$0	$0
LYNN GANDHI	CO-CHAIR	5.00	Director	$0	$0	$0
DAPHNE CURTIS	DIRECTOR	5.00	Director	$0	$0	$0
MARC SCHWARTZ	DIRECTOR	5.00	Director	$0	$0	$0
MARISA MURILLO	DIRECTOR	5.00	Director	$0	$0	$0
MARSHA MIRO	PRESIDENT	5.00	Officer Director	$0	$0	$0
PHILIP KAFKA	DIRECTOR	5.00	Director	$0	$0	$0
ROZ JACOBSON	DIRECTOR	5.00	Director	$0	$0	$0
SANDY SELIGMAN	DIRECTOR	5.00	Director	$0	$0	$0
SHELLEY TAUBER	DIRECTOR	5.00	Director	$0	$0	$0
JULIE ROTHSTEIN	DIRECTOR	5.00	Director	$0	$0	$0
TROY MOOYOUNG	DIRECTOR	5.00	Director	$0	$0	$0
MARIE MADISON-PATTON	DEPUTY DIRECTOR	40.00	Officer	$122,943	$0	$122,943

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	$1,344,769	$1,976,089	$3,232,324	$-631,320
2022	$1,330,681	$1,925,523	$3,769,800	$-594,842
2021	$1,624,950	$1,799,504	$4,387,647	$-174,554
2020	$1,605,945	$1,503,507	$4,526,792	$102,438
2019	$4,843,759	$2,139,574	$4,518,156	$2,704,185
2018	$2,030,426	$1,819,387	$1,721,777	$211,039

MUSEUM OF CONTEMPORARY ART DETROIT