UKRAINIAN INSTITUTE OF MODERN ART (EIN 237186981) - 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

1971

Legal Domicile

Principal Officer

MOTRIA MELNYK

Phone

7732275522

Tax Period

2023-01-01 to 2023-12-31

UKRAINIAN INSTITUTE OF MODERN ART, founded in 1971, is a small nonprofit that reported $316K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $408K exceeded revenue, resulting in a 29% operating deficit.

Mission

PRESERVES AND PROMOTES CONTEMPORARY ART AS A SHARED EXPRESSION OF THE UKRAINIAN AND AMERICAN 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 $206,967

Program Service Revenue $28,596

Investment Income $73,906

Other Revenue $6,300

TOTAL REVENUE $315,769

Expense Breakdown

Grants Paid $62,036

Salaries & Benefits $173,546

Fundraising Expenses $3,629

Program Expenses $304,675

Other Expenses $172,758

TOTAL EXPENSES $408,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,769	$588,513	-0.5%
Expenses	$408,340	$436,788	-0.1%
Net Income	$-92,571	$151,725	-1.6%

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

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
ORYSIA CARDOSO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MOTRIA MELNYK	PRESIDENT	8.00	Officer Director	$0	$0	$0
MARTA FARION	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TUNIA MYCYK	TREASURER	1.00	Officer Director	$0	$0	$0
SVITLANA KOCHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
YARO MELNYK	LEGAL COUNSEL	1.00	Officer Director	$0	$0	$0
OLEH KOWERKO	DIRECTOR	2.00	Director	$0	$0	$0
ROXANNA MARKEWYCZ	DIRECTOR	1.00	Director	$0	$0	$0
TARAS NEBESNY	DIRECTOR	1.00	Director	$0	$0	$0
ELENA PACH	DIRECTOR	1.00	Director	$0	$0	$0
IVAN BURYADNYK	DIRECTOR	0.30	Director	$0	$0	$0
VERA ELIASHEVSKY	DIRECTOR	0.30	Director	$0	$0	$0
DANYLO KOVALSKY	DIRECTOR	0.30	Director	$0	$0	$0
LARYSSA REIFEL	DIRECTOR	0.30	Director	$0	$0	$0
MARK WYSHNYTSKY	DIRECTOR	0.30	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
2024	No data	No data	No data	No data
2023	$315,769	$408,340	$679,143	$-92,571
2022	$588,513	$436,788	$777,063	$151,725
2021	$317,760	$271,827	$996,876	$45,933
2020	$299,865	$228,383	$961,890	$71,482
2019	$265,679	$299,022	$878,574	$-33,343
2018	$295,195	$320,998	$906,996	$-25,803

UKRAINIAN INSTITUTE OF MODERN ART