THE MAIN MUSEUM OF LOS ANGELES ART… - Form 990 Financial Data

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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

2016

Legal Domicile

Phone

2139868500

Tax Period

2018-01-01 to 2018-12-31

THE MAIN MUSEUM OF LOS ANGELES ART INC, founded in 2016, is a small nonprofit that reported $458K in total revenue in fiscal year 2018. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 387% operating deficit.

Mission

THE MAIN MUSEUM OF LOS ANGELES ART INC ENGAGES WITH THE MOST IMPORTANT IDEAS OF OUR TIME THROUGH THE ART OF LOS ANGELES.

Program Service Accomplishments

Program 1

Expenses: $2,031,727

THE MAIN MUSEUM OF LOS ANGELES ART INC IS A NON-COLLECTING INSTITUTION FOCUSED ON THE MANY GENRES OF CONTEMPORARY LOS ANGELES ART.

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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 (2018)

Revenue Breakdown

Contributions & Grants $458,474

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $458,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $373,303

Fundraising Expenses $81,541

Program Expenses $2,031,727

Other Expenses $1,860,574

TOTAL EXPENSES $2,233,877

Year-over-Year Comparison

	2018	2017	Change
Revenue	$458,474	$615,592	-0.3%
Expenses	$2,233,877	$987,043	+1.3%
Net Income	$-1,775,403	$-371,451	+3.8%

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

N/A

Employees

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

Total Directors

Key Employees

$214,353

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY G PERRONE	CFO	5.00	Officer Director	$0	$0	$0
THOMAS GILMORE	President	5.00	Officer Director	$0	$0	$0
CHARLIE SHUMAKER	Secretary	5.00	Officer	$0	$0	$0
ALLISON AGSTEN	DIRECTOR	40.00	Key Emp	$81,923	$0	$81,923
ALEXANDER J CAPRIOTTI	DEPUTY DIRECTOR	40.00	Key Emp	$132,430	$0	$132,430

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
2018	$458,474	$2,233,877	No data	$-1,775,403

THE MAIN MUSEUM OF LOS ANGELES ART INC