THE MARINA ABRAMOVIC INSTITUTE FOR… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

MARINA ABRAMOVIC

Phone

2128687200

Tax Period

2023-01-01 to 2023-12-31

THE MARINA ABRAMOVIC INSTITUTE FOR PRESERVATION OF PERFORMANCE ART INC, founded in 2009, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $7 in total revenue in fiscal year 2023. Expenses of $37K exceeded revenue, resulting in a 530986% operating deficit.

Mission

THE INSTITUTE WAS FORMED TO PROMOTE EDUCATION, RESEARCH, AND ARTISTIC WORK IN THE FIELD OF CONTEMPORARY PERFORMANCE ART.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

TO PROMOTE EDUCATION, RESEARCH, AND ARTISTIC WORK IN THE FIELD OF CONTEMPORARY PERFORMANCE ART.

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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 $0

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $7

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $37,176

TOTAL EXPENSES $37,176

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7	$7	N/A
Expenses	$37,176	$5,826	+5.4%
Net Income	$-37,169	$-5,819	+5.4%

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
MARINA ABRAMOVIC	PRESIDENT	5.00	Officer Director	$0	$0	$0
SERGE LE BORGNE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVEN P GOLDGLIT	TREASURER	5.00	Officer Director	$0	$0	$0
ALEX POOTS	DIRECTOR	5.00	Director	$0	$0	$0
HANS-ULRICH OBRIST	DIRECTOR	5.00	Director	$0	$0	$0
PETER SUPERTI	DIRECTOR	5.00	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
2023	$7	$37,176	$68,173	$-37,169
2022	$7	$5,826	$105,341	$-5,819
2021	$-1,201,020	$419,187	$111,160	$-1,620,207
2020	$1,608	$73,166	$2,034,616	$-71,558
2019	$8,395	$166,275	$2,103,287	$-157,880
2018	$111,655	$247,060	$2,177,690	$-135,405

THE MARINA ABRAMOVIC INSTITUTE FOR PRESERVATION OF PERFORMANCE ART INC