The Contemporary Arts Center (EIN 310590095) - 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

1940

Legal Domicile

Principal Officer

Christina Vassallo

Phone

5133458400

Tax Period

2023-09-01 to 2024-08-31

The Contemporary Arts Center, founded in 1940, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.2M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $4.9M exceeded revenue, resulting in a 55% operating deficit.

Mission

The CAC is a lab for understanding ourselves, others, and the world around us through the experience and creation of all contemporary art forms.

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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 $2,778,941

Program Service Revenue $57,081

Investment Income $323,731

Other Revenue $13,720

TOTAL REVENUE $3,173,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,065,353

Fundraising Expenses $843,592

Program Expenses $3,219,421

Other Expenses $2,855,692

TOTAL EXPENSES $4,921,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,173,473	$4,777,160	-0.3%
Expenses	$4,921,045	$5,084,744	0.0%
Net Income	$-1,747,572	$-307,584	+4.7%

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

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

$291,629

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Kokenge	At-Large	1.00	Officer Director	$0	$0	$0
Maria Espinola PhD	Board Member	1.00	Director	$0	$0	$0
Lucinda Barnes	Board Member	1.00	Director	$0	$0	$0
Jennifer Verkamp	Board Member - Exit 09/23	1.00	Director	$0	$0	$0
Michael Kelley	Board Member	1.00	Director	$0	$0	$0
Emily Hanako Momohara	Board Member	1.00	Director	$0	$0	$0
Gale Beckett	Chair	1.00	Officer Director	$0	$0	$0
Rosemary Schlachter	Chair - Exit 02/24	1.00	Officer Director	$0	$0	$0
Kyle Pohlman	Treasurer	1.00	Officer Director	$0	$0	$0
Denise Osterhues	Board Member	1.00	Director	$0	$0	$0
Bernie Calonge	Board Member	1.00	Director	$0	$0	$0
Rick Michelman PhD	At-Large	1.00	Officer Director	$0	$0	$0
Chuck Lohre	Board Member	1.00	Director	$0	$0	$0
Lee Linder	Board Member	1.00	Director	$0	$0	$0
Theo Erasmus	Board Member	1.00	Director	$0	$0	$0
Mark A Goodson	Board Member	1.00	Director	$0	$0	$0
Jennifer Krivickas	Board Member	1.00	Director	$0	$0	$0
Eric Kearney	Board Member	1.00	Director	$0	$0	$0
Steven W Jemison	Board Member	1.00	Director	$0	$0	$0
Charlie Key	Board Member	1.00	Director	$0	$0	$0
Amy Goodwin	Co-VP	1.00	Officer Director	$0	$0	$0
Bruce Lazarus	Board Member	1.00	Director	$0	$0	$0
Jim Cheng AIA LLD AP	Board Member - Exit 02/24	1.00	Director	$0	$0	$0
Jason McCaw	Board Member - Exit 02/24	1.00	Director	$0	$0	$0
Jeff Ahrnsen	President	1.00	Officer Director	$0	$0	$0
Brian Sedra	Secretary - Start 02/24	1.00	Officer Director	$0	$0	$0
Reginald Harris	Board Member - Start 02/24	1.00	Director	$0	$0	$0
Damian Hoskins	Board Member - Start 02/24	1.00	Director	$0	$0	$0
George Kurz	Board Member - Start 02/24	1.00	Director	$0	$0	$0
Murray Sinclaire Jr	Board Member - Start 02/24	1.00	Director	$0	$0	$0
Claudia Kohlman	Board Member - Start 05/24	1.00	Director	$0	$0	$0
Jenell Hubbard	Board Member - Start 05/24	1.00	Director	$0	$0	$0
Christina Vassallo	Executive Director	50.00	Officer	$144,821	$1,333	$146,154
Marcus Margerum	Deputy Director & COO	50.00	Officer	$139,476	$5,999	$145,475

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	$3,173,473	$4,921,045	$25,381,839	$-1,747,572
2023	$4,777,160	$5,084,744	$33,647,623	$-307,584
2022	$4,449,118	$4,928,833	$37,249,708	$-479,715
2021	$3,979,830	$4,486,037	$39,344,617	$-506,207
2020	$3,969,826	$5,488,543	$37,876,197	$-1,518,717
2019	$5,133,158	$5,261,716	$37,747,205	$-128,558
2018	$4,475,670	$4,592,029	$43,241,973	$-116,359

The Contemporary Arts Center