MODERNIST STUDIES ASSOCIATION

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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

2010

Legal Domicile

Principal Officer

Octavio Gonzales

Phone

4143245494

Tax Period

2024-01-01 to 2024-12-31

MODERNIST STUDIES ASSOCIATION, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $202K in total revenue in fiscal year 2024. Expenses of $187K left a modest 7% surplus.

Mission

The Modernist Studies Association is devoted to the study of the arts in their social, political, cultural, and intellectual contexts from the later nineteenth through the mid-twentieth century. The organization aims to develop an international and interdisciplinary forum to promote exchange among scholars in this vital and rapidly changing field.

Program Service Accomplishments

Program 1

Expenses: $152,519 Revenue: $173,782

Annual conference held in Chicago, Illinois. Gathers 500 scholars from several countries to discuss, present, and debate research on modernist arts.

Program 2

Expenses: $10,250 Revenue: $0

Grants funding member travel to the MSA's annual conference. 26 travel grants were awarded in 2024.

Program 3

Expenses: $7,000 Revenue: $0

Website featuring original research and other scholarly material, maintained and updated on an ongoing basis.

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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 (2024)

Revenue Breakdown

Contributions & Grants $19,479

Program Service Revenue $173,782

Investment Income $9

Other Revenue $8,873

TOTAL REVENUE $202,143

Expense Breakdown

Grants Paid $15,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,265

Other Expenses $171,715

TOTAL EXPENSES $187,265

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,143	$193,176	+0.0%
Expenses	$187,265	$189,978	0.0%
Net Income	$14,878	$3,198	+3.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Octavio Gonzalez	President	5	Officer	$0	$0	$0
Melissa Bradshaw	First Vice President	5	Officer	$0	$0	$0
Amanda Golden	Second Vice President	5	Officer	$0	$0	$0
Louise Hornby	Past President	5	Officer	$0	$0	$0
Joel Terence Rhone	Chair, Interdisciplinary Studies	5	Officer	$0	$0	$0
Yasna Bozhkova	Chair, International Relations	5	Officer	$0	$0	$0
Karen Weingarten	Chair, Membership & Elections	5	Officer	$0	$0	$0
Matthew Levay	Chair, Program	5	Officer	$0	$0	$0
Robert Volpicelli	Interim Vice-Chair, Program	5	Officer	$0	$0	$0
Matthew Eatough	Treasurer	5	Officer	$0	$0	$0
Steven Nathaniel	Chair, Technology and Infrastructure	5	Officer	$0	$0	$0
Kate Schnur	Contingent Faculty Representative	5	Officer	$0	$0	$0
Jessica Masters	Graduate Student Representative	5	Officer	$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	$202,143	$187,265	$134,836	$14,878