The Current Museum of Art

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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

Principal Officer

ANGELA REDAI

Phone

7328281614

Tax Period

2018-01-01 to 2018-12-31

The Current Museum of Art, founded in 2016, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $49K in total revenue in fiscal year 2018. Revenue surged 2228% from the prior year, signaling strong growth momentum. Expenses of $184K exceeded revenue, resulting in a 272% operating deficit.

Mission

TO INSPIRE WONDER, SUPPORT CREATORS, AND EXAMINE THE ROLE OF MUSEUMS THROUGH THE EXHIBITION, SCHOLARSHIP, AND PRESERVATION OF ARTISTIC WORKS THAT ENGAGE TECHNOLOGY.

Program Service Accomplishments

Program 1

Expenses: $171,266

To promote knowledge and understanding of art and, in particular, the current in art: art that is current with its own time, art that flows within the current of history and technology, and above...

To promote knowledge and understanding of art and, in particular, the current in art: art that is current with its own time, art that flows within the current of history and technology, and above all, art whose creation and experience are powered by electric current (See Schedule O for program accomplishments).

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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 $49,001

Program Service Revenue $0

Investment Income $359

Other Revenue $0

TOTAL REVENUE $49,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,266

Other Expenses $183,847

TOTAL EXPENSES $183,847

Year-over-Year Comparison

	2018	2017	Change
Revenue	$49,360	$2,120	+22.3%
Expenses	$183,847	$70,602	+1.6%
Net Income	$-134,487	$-68,482	+1.0%

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
William Nathan	Chairman/trustee	40.0	Officer Director	$0	$0	$0
Ben Fino-Radin	Trustee	1.0	Director	$0	$0	$0
Virginia Heffernan	trustee	1.0	Director	$0	$0	$0
Alice Lloyd George	Trustee	1.0	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
2018	$49,360	$183,847	$34,160	$-134,487