MYSTIC ARTS FOUNDATION

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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

2018

Legal Domicile

Principal Officer

TIMOTHY JOHNSON

Phone

3106288880

Tax Period

2023-01-01 to 2023-12-31

MYSTIC ARTS FOUNDATION, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $308K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $277K left a modest 10% surplus.

Mission

TO BRING INTERACTIVE AND IMMERSIVE ART EXPERIENCES TO THE PUBLIC IN THE UNITED STATES AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $235,035 Revenue: $2,897

Participated in Burning Man Regional Event Love Burn with more than 5,000 attendees by deploying the large-scale, interactive and immersive art project, Time Travel Lounge, and producing a theme camp featuring educational Speaker's Series and DJ performances. Participated in the Burning Man Event with more than 70,000 attendees by deploying the large-scale, interactive and immersive mobile vehicle art project, Mystic Flyer Experience, offering grant support, logistics, and exhibition space for the art project, Crystallization Code Gateway Orgon Chamber, offering grant support and logistics to bring a Brazilian DJ and artist to Burning Man for the first time, providing mentorship and support for the large-scale, sculptural art project, Temple Anam Cara, and producing a theme camp featuring educational Speaker's Series and DJ performances.

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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 $272,017

Program Service Revenue $35,720

Investment Income $0

Other Revenue $0

TOTAL REVENUE $307,737

Expense Breakdown

Grants Paid $4,334

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $235,035

Other Expenses $272,374

TOTAL EXPENSES $276,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,737	$260,913	+0.2%
Expenses	$276,708	$256,943	+0.1%
Net Income	$31,029	$3,970	+6.8%

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

Employees

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONATHAN YUDIS	Director	5.00	Director	$0	$0	$0
TIMOTHY JOHNSON	President	5.00	Officer	$0	$0	$0
BRIAN WASSERMAN	Treasurer	5.00	Officer	$0	$0	$0
CHARLES KISSEE	Secretary	5.00	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	No data	No data	No data	No data
2023	$307,737	$276,708	$97,866	$31,029
2022	$260,913	$256,943	$66,837	$3,970
2021	$17,751	$34,600	$62,867	$-16,849
2020	$23,709	$44,750	$79,716	$-21,041
2018	$49,980	$34,755	$37,332	$15,225