PS 1 CONTEMPORARY ART CENTER INC (EIN 237379091) - 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

SARAH ARISON

Phone

7187867040

Tax Period

2022-07-01 to 2023-06-30

PS 1 CONTEMPORARY ART CENTER INC, founded in 1971, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $11.9M in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $10.6M left a modest 11% surplus.

Mission

TO ORGANIZE AND PRESENT CONTEMPORARY ART EXHIBITIONS AND PROGRAMS ACROSS ALL ARTISTIC DISCIPLINES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $11,025,998

Program Service Revenue $696,400

Investment Income $11,998

Other Revenue $157,610

TOTAL REVENUE $11,892,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,584,517

Fundraising Expenses $1,249,186

Program Expenses $7,643,438

Other Expenses $5,036,479

TOTAL EXPENSES $10,620,996

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,892,006	$9,702,873	+0.2%
Expenses	$10,620,996	$10,323,521	+0.0%
Net Income	$1,271,010	$-620,648	-3.0%

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

102

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

$1,260,298

Total Directors

$589,663

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH ARISON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHILIP E AARONS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
SIMON MORDANT	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES GROOMS	SECRETARY	1.00	Officer Director	$0	$0	$589,663
JOHN L THOMSON	TREASURER	1.00	Officer Director	$0	$0	$0
ELYSE BENENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSHUA BLACK	BOARD MEMBER	1.00	Director	$0	$0	$0
ADRIAN CHENG	BOARD MEMBER	1.00	Director	$0	$0	$0
DANA FAROUKI	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE FLEETWOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
AGNES GUND	BOARD MEMBER	1.00	Director	$0	$0	$0
EDGAR HEAP OF BIRDS	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNAH JOCELYN	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM KIMMEL	BOARD MEMBER	1.00	Director	$0	$0	$0
SUYDAM LANSING	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL NADLER	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER NORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA WIDMAIER PICASSO	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ROUMELL	BOARD MEMBER	1.00	Director	$0	$0	$0
TARYN SIMON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SOROS	BOARD MEMBER	1.00	Director	$0	$0	$0
LISE STOLT-NIELSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH SWOFFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
ARA TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN FOWLE	DIRECTOR	40.00	Officer	$413,922	$30,337	$444,259
JOSE A ORTIZ	DEPUTY DIRECTOR	40.00	Officer	$215,701	$10,675	$226,376
MOLLY KURZIUS	DIRECTOR OF EXTERNAL AFFAIRS	40.00	Highest	$155,047	$49,515	$204,562
RUBA KATRIB	DIRECTOR OF CURATORIAL	40.00	Highest	$144,973	$23,227	$168,200
RICHARD WILSON	EXHIBITION DESIGNER	40.00	Highest	$106,387	$22,825	$129,212

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	No data	No data	No data
2024	No data	No data	No data	No data
2023	$11,892,006	$10,620,996	$8,601,090	$1,271,010
2022	$9,702,873	$10,323,521	$7,962,648	$-620,648
2021	$9,638,266	$7,574,035	$7,393,924	$2,064,231
2020	$13,103,841	$10,039,510	$6,345,748	$3,064,331
2019	$9,839,957	$10,757,684	$3,494,739	$-917,727
2018	$10,467,141	$9,980,368	$3,498,010	$486,773

PS 1 CONTEMPORARY ART CENTER INC