MUSEUM OF LATIN AMERICAN ART (EIN 330786070) - 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

1999

Legal Domicile

Principal Officer

DR LOURDES RAMOS-RIVAS

Phone

5624371689

Tax Period

2023-01-01 to 2023-12-31

MUSEUM OF LATIN AMERICAN ART, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $6.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE MUSEUM OF LATIN AMERICAN ARTS EXPANDS KNOWLEDGE AND APPRECIATION OF MODERN AND CONTEMPORARY LATIN AMERICAN AND LATINO ART THROUGH ITS COLLECTION, GROUND-BREAKING EXHIBITIONS, STIMULATING EDUCATIONAL PROGRAMS, AND ENGAGING CULTURAL EVENTS.

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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 $3,891,243

Program Service Revenue $308,697

Investment Income $295,158

Other Revenue $652,889

TOTAL REVENUE $5,147,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,932,210

Fundraising Expenses $583,198

Program Expenses $3,980,066

Other Expenses $3,019,630

TOTAL EXPENSES $6,071,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,147,987	$5,556,052	-0.1%
Expenses	$6,071,840	$5,057,853	+0.2%
Net Income	$-923,853	$498,199	-2.9%

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

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

$475,611

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BURKE GUMBINER	DIRECTOR	1.00	Director	$0	$0	$0
CASTULO DE LA ROCHA	DIRECTOR	1.00	Director	$0	$0	$0
CELIA S DE BIRBRAGHER	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE OKON SCHOLNICK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DEOVLET	CO-CHAIR	5.00	Officer Director	$0	$0	$0
ROBERT BRAUN MD	CO-CHAIR	5.00	Officer Director	$0	$0	$0
SOFIA RILEY	VICE CHAIR	4.00	Officer Director	$0	$0	$0
TIM DEGANI	TREASURER	2.00	Officer Director	$0	$0	$0
ZACH HOROWITZ	SECRETARY	2.00	Officer Director	$0	$0	$0
TIFFANY L BARBARA	DIRECTOR	1.00	Director	$0	$0	$0
MARIANNE GASTELUM	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD A NERI	DIRECTOR	1.00	Director	$0	$0	$0
PAULA-ROSE WIHONGI	DIRECTOR	1.00	Director	$0	$0	$0
MARK TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CEDRIC WOOLFORK	CFO/COO	40.00	Officer	$140,427	$0	$140,427
LOURDES RAMOS-RIVAS	CEO	40.00	Officer	$325,000	$10,184	$335,184
GABRIELA URTIAGA	CHIEF CURATOR	40.00	Highest	$134,997	$2,894	$137,891
SOLIMAS SOLAS	VP CONTENT/INNOVATION & OUTREACH	40.00	Highest	$103,478	$8,450	$111,928
DINA BARAKAT	DIR. OF BANQUETS & SPECIAL EVENTS	40.00	Highest	$115,000	$10,597	$125,597

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	$5,147,987	$6,071,840	$42,188,150	$-923,853
2022	$5,556,052	$5,057,853	$41,218,300	$498,199
2021	$3,043,574	$4,309,895	$41,546,527	$-1,266,321
2020	$2,487,910	$3,370,591	$41,367,420	$-882,681
2019	$1,775,704	$3,671,703	$40,884,313	$-1,895,999
2018	$2,727,914	$3,838,057	$38,305,090	$-1,110,143
2018	$3,172,124	$3,807,267	$41,014,937	$-635,143
2016	$3,502,674	$3,241,137	$41,472,835	$261,537

MUSEUM OF LATIN AMERICAN ART