More Art Inc

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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

2008

Legal Domicile

Phone

9173258705

Tax Period

2023-01-01 to 2023-12-31

More Art Inc, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $344K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $391K exceeded revenue, resulting in a 14% operating deficit.

Mission

More art is devoted to making contemporary art more accessible to the public and to bridge the gap between local communities and contemporary artists.

Program Service Accomplishments

Program 1

Expenses: $299,382

Public art commissions and education art programs

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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 $327,957

Program Service Revenue $8,617

Investment Income $7,047

Other Revenue $0

TOTAL REVENUE $343,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,579

Fundraising Expenses $2,739

Program Expenses $299,382

Other Expenses $244,889

TOTAL EXPENSES $391,468

Year-over-Year Comparison

	2023	2022	Change
Revenue	$343,621	$398,766	-0.1%
Expenses	$391,468	$362,282	+0.1%
Net Income	$-47,847	$36,484	-2.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Micaela Martegani	Executive Dir.	40.00	Officer Director	$0	$0	$0
Jeffrey Jones	Board Member	2.00	Director	$0	$0	$0
Mauricio Barberi	Board Member	1.00	Director	$0	$0	$0
Lynne Whitman	Treasurer	1.00	Officer Director	$0	$0	$0
Mona Ghasemi	President	3.00	Officer Director	$0	$0	$0
Kate Shaw	Secretary	2.00	Officer Director	$0	$0	$0
Johanna Ottolinger	Board Member	1.00	Director	$0	$0	$0
Chiseche Mibenge	Board Member	1.00	Director	$0	$0	$0
James Walker	Board Member	1.00	Director	$0	$0	$0
Christopher Goble	Board Member	1.00	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
2024	No data	No data	No data	No data
2023	$343,621	$391,468	$283,092	$-47,847
2022	$398,766	$362,282	$262,680	$36,484
2021	$340,499	$216,647	$224,085	$123,852
2020	$275,769	$240,409	$117,859	$35,360
2019	$253,586	$237,614	$60,098	$15,972
2018	$264,401	$251,555	$34,957	$12,846