THE LEEPA-RATTNER MUSUEM OF 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

2001

Legal Domicile

Principal Officer

MIKE MEIGS

Phone

7277125203

Tax Period

2020-04-01 to 2021-03-31

THE LEEPA-RATTNER MUSUEM OF ART INC, founded in 2001, is a small nonprofit that reported $246K in total revenue in fiscal year 2020. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MISSION OF THE LEEPA-RATTNER MUSEUM OF ART IS TO COLLECT, CONSERVE EXHIBIT AND PROTECT THE WORKS OF ART ENTRUSTED TO ITS CARE AND STEWARDSHIP THROUGH ITS EXHIBITIONS, PROGRAMS AND EXPANDING COLLECTION OF 20TH AND 21ST CENTURY ART.

Program Service Accomplishments

Program 1

Expenses: $193,930 Revenue: $4,031

THE MUSEUM STRIVES TO ENGAGE AND INSPIRE OUR DIVERSE COMMUNITY BY PROVIDING OPPORTUNITIES FOR EDUCATION, ENLIGHTENMENT, INTERPRETATION AND RESEARCH TO STUDENTS, SCHOLARS AND VISITORS UTILIZE THE...

THE MUSEUM STRIVES TO ENGAGE AND INSPIRE OUR DIVERSE COMMUNITY BY PROVIDING OPPORTUNITIES FOR EDUCATION, ENLIGHTENMENT, INTERPRETATION AND RESEARCH TO STUDENTS, SCHOLARS AND VISITORS UTILIZE THE MUSEUM TO ENHANCE THE EDUCATIONAL ENJOYMENT AND AESTHETIC EXPERIENCE OF MEMBERS OF THE LOCAL COMMUNITY, ITS STUDENTS AND "ALL WHO PASS THROUGH ITS DOORS". DESPITE THE CLOSURE OF THE MUSEUM FOR 5 MONTHS DUE TO COVID-19 PANDEMIC, APPROXIMATELY 860 VISITORS ENJOYED THE MUSEUM'S EXHIBITIONS AND RELATED PROGRAMS DURING FISCAL YEAR 2020-2021 THIS INCLUDED SPECIALLY-SCHEDULED TOURS OF THE MUSEUM PROVIDED BY EXPERIENCED DOCENTS AND STAFF FOR 349 ADULTS, 33 SCHOOL CHILDREN (K-12) AND 195 COLLEGE STUDENTS. THE MUSEUM EXPERIENCE WAS AUGMENTED BY A VARIETY OF ARTS EDUCATION CLASSES AND WORKSHOPS, LECTURES AND GALLERY TALKS, VIRTUAL PROGRAMS AND CLASSES, SELF-GUIDED ART EXPLORATION ACTIVITIES, AND A READING CLUB FOR ADULTS. ADDITIONALLY, THE MUSEUM PROVIDES AN ART THERAPY PROGRAM FOR ADOLESCENTS EXPERIENCING EMOTIONAL, PHYSICAL OR DEVELOPMENTAL CHALLENGES.

Program 2

Expenses: $8,049

THE MUSEUM COLLECTS, PRESERVES AND DISPLAYS WORKS OF ARTISTIC MERIT THAT REFLECT THE INFLUENCES AND CULTURAL CONCERNS OF ABRAHAM RATINER, ESTHER GENTLE, ALLEN LEEPA AND OTHER RELEVANT ARTISTS OF THE 20TH AND 21ST CENTURY. CHANGING EXHIBITIONS COMPLEMENT THE PERMANENT COLLECTION AND PROVIDE ENRICHING OPPORTUNITIES FOR THE PUBLIC TO VIEW ARTWORK IN A BROAD VARIETY OF MEDIA AND STYLES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $238,316

Program Service Revenue $4,031

Investment Income $375

Other Revenue $3,488

TOTAL REVENUE $246,210

Expense Breakdown

Grants Paid $96,859

Salaries & Benefits $0

Fundraising Expenses $308

Program Expenses $201,979

Other Expenses $200,884

TOTAL EXPENSES $297,743

Year-over-Year Comparison

	2020	2019	Change
Revenue	$246,210	$311,762	-0.2%
Expenses	$297,743	$390,473	-0.2%
Net Income	$-51,533	$-78,711	-0.3%

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

$163,534

Total Directors

$401,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA JOHNSON	BOARD CHAIR	2.00	Director	$0	$0	$0
JOAN JENNINGS	VICE CHAIR	2.00	Director	$0	$0	$0
TERESA WILKINS	SECRETARY/TR	2.00	Officer Director	$0	$7,282	$68,472
VONDA WOODS	TREASURER	2.00	Officer Director	$0	$7,282	$95,062
THOMAS KIDWELL	SPC TRUSTEE	2.00	Director	$0	$0	$0
RUTH BANTHER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL BOCCUTI	DIRECTOR	2.00	Director	$0	$0	$0
JAN CAUSEY	DIRECTOR	2.00	Director	$0	$0	$0
ERIC W CLARK	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD HOFFMAN	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA HUBBARD	DIRECTOR	2.00	Director	$0	$5,406	$112,031
CARRIE ROOT	DIRECTOR	2.00	Director	$0	$0	$0
RODRIGO DAVIS	DIRECTOR	2.00	Director	$0	$21,364	$126,335

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
2021	$246,210	$297,743	$491,688	$-51,533
2021	$34,577	$15,777	No data	$18,800
2020	$311,762	$390,473	$580,605	$-78,711
2019	$455,475	$492,979	$686,873	$-37,504