MUSEUM OF CONTEMPORARY 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

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.

Program Service Accomplishments

Program 1

Expenses: $1,022,274

EXHIBITIONS AND ARTISTIC PROGRAMMING MOCA PRESENTED A ROBUST SCHEDULE OF EXHIBITIONS, HIGHLIGHTING HISTORICALLY UNDERREPRESENTED ARTISTS AND MOVEMENTS, NEWLY COMMISSIONED WORKS BY SOUTH FLORIDA...

EXHIBITIONS AND ARTISTIC PROGRAMMING MOCA PRESENTED A ROBUST SCHEDULE OF EXHIBITIONS, HIGHLIGHTING HISTORICALLY UNDERREPRESENTED ARTISTS AND MOVEMENTS, NEWLY COMMISSIONED WORKS BY SOUTH FLORIDA ARTISTS, AND SELECTIONS FROM ITS PERMANENT COLLECTION. THESE EXHIBITIONS CENTERED ON AFRICAN-AMERICAN, HAITIAN, CARIBBEAN, AND LATIN- AMERICAN CONTEMPORARY ARTISTS, REFLECTING THE CULTURAL RICHNESS OF THE REGION.

Program 2

Expenses: $342,479

EDUCATION AND YOUTH ENGAGEMENT MOCA'S EDUCATION DEPARTMENT SERVED OVER 750 INDIVIDUALS THROUGH SEASONAL ART CAMPS, TEEN AFTER-SCHOOL PROGRAMS, AND HANDS-ON WORKSHOPS. APPROXIMATELY 1,200 STUDENTS...

EDUCATION AND YOUTH ENGAGEMENT MOCA'S EDUCATION DEPARTMENT SERVED OVER 750 INDIVIDUALS THROUGH SEASONAL ART CAMPS, TEEN AFTER-SCHOOL PROGRAMS, AND HANDS-ON WORKSHOPS. APPROXIMATELY 1,200 STUDENTS FROM MIAMI-DADE COUNTY PUBLIC SCHOOLS AND LOCAL UNIVERSITIES RECEIVED FREE ACCESS TO EXHIBITIONS, WORKSHOPS, AND PERFORMANCES. KEY EDUCATION INITIATIVES INCLUDED: TEEN ART FORCE: FREE AFTER-SCHOOL ART FOUNDATION COURSES FOR TEENS, OFFERED OCTOBER THROUGH MAY. SUMMER ART CAMP: A 10-WEEK PROGRAM FOR YOUTH AGES 6-13, WITH SCHOLARSHIPS AWARDED TO UP TO 50% OF CAMPERS. JUNIOR DOCENTS PROGRAM: OVER 40 HOURS OF TRAINING FOR W.J. BRYAN ELEMENTARY SCHOOL STUDENTS IN PUBLIC SPEAKING, LEADERSHIP, AND CAREER READINESS. MINI MAKERS & SUNDAY STORIES: FREE MONTHLY PROGRAMS FOR CHILDREN AGES 1-12, COMBINING STORYTELLING, TOURS, AND ARTMAKING.

Program 3

Expenses: $39,061

COMMUNITY OUTREACH AND PARTNERSHIPS MOCA EXPANDED ITS OFF-SITE PROGRAMMING THROUGH PARTNERSHIPS WITH LOCAL SCHOOLS, LIBRARIES, AND SENIOR CENTERS: MOCA AT THE LIBRARY: WEEKLY FREE ART WORKSHOPS FOR MIDDLE AND HIGH SCHOOL STUDENTS AT NORTH MIAMI PUBLIC LIBRARY AND BROCKWAY MEMORIAL LIBRARY. ART WORKSHOPS FOR SENIORS: MONTHLY (AND LATER BI-MONTHLY) HANDS-ON ART SESSIONS AT THE JOE CELESTIN CENTER IN PARTNERSHIP WITH THE CITY OF NORTH MIAMI'S HOUSING & SOCIAL SERVICES DEPARTMENT. COMMUNITY TOURS: 4-6 FREE EXHIBITION TOURS ANNUALLY FOR LOCAL SCHOOLS AND COMMUNITY PARTNERS, WITH OPTIONAL HANDS-ON WORKSHOPS.

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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