MUSEUM OF CONTEMPORARY ART INC (EIN 592085261) - 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

1981

Legal Domicile

Principal Officer

CHANA BUDGAZAD SHELDON

Phone

3058936211

Tax Period

2023-10-01 to 2024-09-30

MUSEUM OF CONTEMPORARY ART INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF THE MUSUEM OF CONTEMPORARY ART IS TO CONTEMPORARY ART ACCESIBLE TO DIVERSE AUDIENCES - ESPECIALLY UNDERSERVED POPULATIONS THROUGH THE COLLECTION, PRESERVATION AND EXHIBITION OF THE BEST OF CONTEMPORARY ART AND ITS ART HISTORICAL INFLUENCES. IN FISCAL YEAR 2024, THE MUSEUM OF CONTEMPORARY ART, NORTH MIAMI (MOCA) CONTINUED ITS MISSION OF MAKING CONTEMPORARY ART ACCESSIBLE TO THE DIVERSE COMMUNITIES OF SOUTH FLORIDA. WITH A LEGACY SPANNING OVER 25 YEARS, MOCA WELCOMED MORE THAN 60,000 VISITORS ANNUALLY, OFFERING FREE ADMISSION TO NORTH MIAMI RESIDENTS AND PRESENTING A DYNAMIC SLATE OF EXHIBITIONS, EDUCATIONAL PROGRAMS, AND PUBLIC 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 $3,593,510

Program Service Revenue $138,428

Investment Income $72,249

Other Revenue $21,057

TOTAL REVENUE $3,825,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,832,813

Fundraising Expenses $824,487

Program Expenses $1,487,758

Other Expenses $2,093,479

TOTAL EXPENSES $3,926,292

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,825,244	$3,081,986	+0.2%
Expenses	$3,926,292	$2,944,059	+0.3%
Net Income	$-101,048	$137,927	-1.7%

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

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
DR RUDOLPH MOISE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM M LEHMAN JR	CHAIRMAN EME	1.00	Officer Director	$0	$0	$0
LAURA ALONSO-GALLO PHD	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BARON	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER CARTER	TRUSTEE	1.00	Director	$0	$0	$0
MIREILLE LOUIS CHARLES	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA HUNTER DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ALIX DESULME EDD	TRUSTEE	1.00	Director	$0	$0	$0
AKIVA GROSS PHD	TRUSTEE	1.00	Director	$0	$0	$0
PEGGY HOLLANDER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA HELLER KAMM	TRUSTEE	1.00	Director	$0	$0	$0
JUMAANE N'NAMDI	TRUSTEE	1.00	Director	$0	$0	$0
CHERRIE NANNINGA	TRUSTEE	1.00	Director	$0	$0	$0
DR LAURINUS PIERRE	TRUSTEE	1.00	Director	$0	$0	$0
SEBASTIEN ALFRED SCEMLA	TRUSTEE	1.00	Director	$0	$0	$0
WHIT WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
ARIANA HOLLOWAY	TRUSTEE	1.00	Director	$0	$0	$0
DIEGO POLENGHI	TRUSTEE	1.00	Director	$0	$0	$0
CHANA BUDGAZAD SHELDON	EXECUTIVE DI	1.00	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	$3,825,244	$3,926,292	$3,225,054	$-101,048
2023	$3,081,986	$2,944,059	$3,011,291	$137,927
2022	$3,461,861	$2,400,856	$2,795,262	$1,061,005
2021	$2,154,331	$1,848,063	$2,143,667	$306,268
2020	$1,684,674	$1,836,935	$1,556,760	$-152,261
2019	$2,403,522	$2,133,551	$1,438,063	$269,971
2018	$1,656,045	$1,676,416	$1,091,251	$-20,371

MUSEUM OF CONTEMPORARY ART INC