THE UNDERGROUND MUSEUM INC

EIN: 474019904 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$10,165
Total Expenses
$118,262
Total Assets
$404,126
Net Assets
$378,700
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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
2015
Legal Domicile
CA
Principal Officer
KARON DAVIS
Phone
3239899925
Tax Period
2024-01-01 to 2024-12-31

THE UNDERGROUND MUSEUM INC, founded in 2015, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $10K in total revenue in fiscal year 2024. Revenue surged 879% from the prior year, signaling strong growth momentum. Expenses of $118K exceeded revenue, resulting in a 1063% operating deficit.

Mission

TO ENCOURAGE AND DISPLAY ART OF ALL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $869
Program Service Revenue $0
Investment Income $0
Other Revenue $9,296
TOTAL REVENUE $10,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $118,262
TOTAL EXPENSES $118,262

Year-over-Year Comparison

2024 2023 Change
Revenue $10,165 $1,038 +8.8%
Expenses $118,262 $265,213 -0.6%
Net Income $-108,097 $-264,175 -0.6%
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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEANA HAGGAG BOARD MEMBER 15.00
Officer Director
$0 $0 $0
KARON DAVIS PRESIDENT/CEO 40.00
Officer
$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 $10,165 $118,262 $404,126 $-108,097
2023 $1,038 $265,213 $495,182 $-264,175
2022 $522,021 $1,050,419 $759,357 $-528,398
2021 $1,873,251 $1,316,775 $1,843,914 $556,476
2020 $1,375,874 $819,731 $1,100,027 $556,143
2019 $1,218,593 $1,128,290 $466,102 $90,303
2018 $911,163 $774,627 $379,662 $136,536
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