THE MUSEUM OF CONTEMPORARY ART OF GEORGIA INC (EIN 582562811) - 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

2000

Legal Domicile

Principal Officer

ANNETTE CONE-SKELTON

Phone

4043678700

Tax Period

2023-07-01 to 2024-06-30

THE MUSEUM OF CONTEMPORARY ART OF GEORGIA INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 58% operating margin.

Mission

TO OPERATE A PUBLIC MUSEUM IN THE CITY OF ATLANTA, GEORGIA. IN ADDITION TO THE MUSEUM IT PROVIDES A NUMBER OF OTHER ARTS-RELATED EDUCATIONAL AND CHARITABLE SERVICES TO THE COMMUNITY.

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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 $2,112,061

Program Service Revenue $0

Investment Income $99,524

Other Revenue $0

TOTAL REVENUE $2,211,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,155

Fundraising Expenses $71,424

Program Expenses $366,431

Other Expenses $574,583

TOTAL EXPENSES $919,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,211,585	$985,502	+1.2%
Expenses	$919,738	$823,220	+0.1%
Net Income	$1,291,847	$162,282	+7.0%

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

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

$73,561

Total Directors

$73,561

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE CONE-SKELTON	PRESIDENT & CEO & DIRECTOR	40.00	Officer Director	$73,561	$0	$73,561
PHILIP BABB	CHAIR	10.00	Director	$0	$0	$0
ALBERT E BENDER JR	SENIOR COUNSEL	5.00	Director	$0	$0	$0
JANE COFER ROPER	BOARD MEMBER	1.00	Director	$0	$0	$0
BETTY EDGE	PAST CHAIR	1.00	Director	$0	$0	$0
MERRILL ELAM	VICE CHAIR	8.00	Director	$0	$0	$0
B HARVEY HILL JR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELEANOR NEAL	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA PATTON	BOARD MEMBER	1.00	Director	$0	$0	$0
DANNY BOSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELKIN CUSHMAN TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
RAMON TOME	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA TOWNSEND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC POLLACK	CHAIR EMERITUS	1.00	Director	$0	$0	$0
MARY STANLEY	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
2025	No data	No data	No data	No data
2024	$2,211,585	$919,738	$11,957,396	$1,291,847
2023	$985,502	$823,220	$10,490,772	$162,282
2022	$1,015,260	$865,766	$8,665,146	$149,494
2021	$1,495,797	$773,668	$7,685,069	$722,129
2020	$1,234,885	$931,078	$6,990,231	$303,807
2019	$1,002,634	$1,007,171	$6,438,540	$-4,537

THE MUSEUM OF CONTEMPORARY ART OF GEORGIA INC