MPA FOUNDATION (EIN 752654817) - 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

1996

Legal Domicile

Principal Officer

CRAIG L KELLY

Phone

8173388346

Tax Period

2024-07-01 to 2025-06-30

MPA FOUNDATION, founded in 1996, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $699K exceeded revenue, resulting in a 2840% operating deficit.

Mission

TO CONSTRUCT AND MAINTAIN A FACILITY FOR THE MODERN ART MUSEUM OF FORT WORTH, TEXAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $17,339

Other Revenue $6,443

TOTAL REVENUE $23,782

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $688,357

Other Expenses $699,240

TOTAL EXPENSES $699,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,782	$29,896	-0.2%
Expenses	$699,240	$2,633,933	-0.7%
Net Income	$-675,458	$-2,604,037	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG L KELLY	PRESIDENT & TREASURER	1.00	Officer Director	$0	$0	$0
LEE M BASS	VP & SECRETARY	1.00	Officer Director	$0	$0	$0
MENARD DOSWELL IV	FACILITY DIRECTOR	1.00	Officer 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	$23,782	$699,240	$45,473,613	$-675,458
2024	$29,896	$2,633,933	$46,149,071	$-2,604,037
2023	$29,424	$1,661,527	$48,753,108	$-1,632,103
2022	$15,847	$1,666,272	$50,385,211	$-1,650,425
2021	$7,246	$1,682,785	$52,037,473	$-1,675,539
2020	$683,059	$2,016,808	$53,210,103	$-1,333,749
2019	$2,552,090	$1,835,564	$54,894,702	$716,526

MPA FOUNDATION