MUSEUM OF ART FOUNDATION (EIN 421503147) - 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

ALEEZA SINGH

Phone

5633267804

Tax Period

2023-01-01 to 2023-12-31

MUSEUM OF ART FOUNDATION, founded in 1999, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $10K in total revenue in fiscal year 2023. Revenue surged 352% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 11185% operating deficit.

Mission

THE FOUNDATION OWNS AND MAINTAINS AN ARTS CENTER FACILITY IN DAVENPORT, IOWA.

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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 $9,624

Other Revenue $0

TOTAL REVENUE $9,624

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,079,842

Other Expenses $1,086,092

TOTAL EXPENSES $1,086,092

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,624	$2,130	+3.5%
Expenses	$1,086,092	$1,089,308	0.0%
Net Income	$-1,076,468	$-1,087,178	0.0%

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

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
CARMEN DARLAND	SECRETARY	3.00	Officer Director	$0	$0	$0
DENISE GARRETT	DIRECTOR	1.00	Director	$0	$0	$0
LEE GASTON	TREASURER	3.00	Officer Director	$0	$0	$0
CAROLYN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ALEEZA SINGH	PRESIDENT	3.00	Officer Director	$0	$0	$0
SAM SKOREPA	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
TOM TERRONEZ	DIRECTOR	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	$9,624	$1,086,092	$26,413,956	$-1,076,468
2022	$2,130	$1,089,308	$27,381,328	$-1,087,178
2021	$5,676	$1,091,345	$28,471,006	$-1,085,669
2020	$405,863	$1,112,853	$29,554,925	$-706,990
2019	$444,569	$1,134,331	$31,059,627	$-689,762
2018	$848,645	$1,155,492	$31,930,410	$-306,847

MUSEUM OF ART FOUNDATION