MONIRA 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

YSABEL BLASI PINYOL

Phone

7324041860

Tax Period

2023-01-01 to 2023-12-31

MONIRA FOUNDATION, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $381K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $430K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO EXPAND THE REACH AND QUALITY OF ART AVAILABLE TO THE PUBLIC THROUGH RESIDENCES, EXHIBITIONS, AND EDUCATIONAL PROGRAMS THAT ADDRESS URGENT AND ONGOING COMMUNITY NEEDS PARTICULARLY AS THOSE NEEDS EVOLVE AND CHANGE.

Program Service Accomplishments

Program 1

Expenses: $20,898 Revenue: $6,668

RESIDENCIES - IN PARTNERSHIP WITH ARTS INSTITUTIONS, THE FOUNDATION SUPPORTS RESIDENCY PROGRAMS IN URBAN AREAS THAT OFFER STUDIO SPACE, ALONG WITH MENTORING AND EDUCATIONAL SUPPORT, TO ARTISTS...

RESIDENCIES - IN PARTNERSHIP WITH ARTS INSTITUTIONS, THE FOUNDATION SUPPORTS RESIDENCY PROGRAMS IN URBAN AREAS THAT OFFER STUDIO SPACE, ALONG WITH MENTORING AND EDUCATIONAL SUPPORT, TO ARTISTS ENGAGED IN VARIOUS MEDIUMS.

Program 2

Expenses: $24,253 Revenue: $15,749

EXHIBITIONS - THE FOUNDATION PRODUCES ORIGINAL EXHIBITIONS BY INDEPENDENT CURATORS. FOCUSING ON URGENT THEMES DRAWN FROM CURRENT GLOBAL CULTURE, THESE AMBITIOUS DISPLAYS JUXTAPOSE WORKS BY EMERGING AND ESTABLISHED ARTISTS IN AN ATMOSPHERE OF PHILOSOPHICAL, TECHNOLOGICAL, AND AESTHETIC EXPERIMENTATION. THE FOUNDATION IS ALSO DEDICATED TO MOUNTING COMPREHENSIVE EXHIBITIONS OF WORK BY INFLUENTIAL ARTISTS FROM AROUND THE WORLD, WORKING WITH THE COMMUNITY, AND WITH OTHER COLLECTIONS AND FOUNDATIONS, TO SHARE THEIR IMPACT AND PRESERVE THEIR LEGACIES. IN 2023, SUCH EXHIBITIONS INCLUDED "JONAS MEKAS, OPEN ARCHIVES", WHICH PRESENTED PERSONAL ARTIFACTS, ITEMS AND MEMORABILIA OF THE LATE JONAS MEKAS, A PIONEER IN DIARISTIC CINEMA, TO THE PUBLIC FOR THE FIRST TIME TO DEMONSTRATE THE CONTINUING RELEVANCY OF THE ARTIST STUDIO PRACTICE.

Program 3

Expenses: $0 Revenue: $7,803

PROGRAMS - THE FOUNDATION PARTNERS WITH GLOBAL ARTS ORGANIZATIONS TO PROVIDE HIGH-QUALITY EDUCATIONAL PROGRAMS AND EVENTS FOR ALL AGES, INCLUDING MUSIC AND DANCE PERFORMANCES, FILM SCREENINGS, POETRY READINGS, AND PANEL DISCUSSIONS ON ART AND POLITICS. IN 2023, SUCH PROGRAMS INCLUDED "DISCOVERING", A MONTHLY PROGRAM WELCOMING THE PUBLIC TO VIEW ART EXHIBITIONS AND LEARN AND EXPERIENCE THE FEATURED ARTISTIC PRACTICE.

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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 $350,881

Program Service Revenue $30,220

Investment Income $0

Other Revenue $0

TOTAL REVENUE $381,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,570

Fundraising Expenses $124,487

Program Expenses $241,543

Other Expenses $131,152

TOTAL EXPENSES $429,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,101	$509,807	-0.3%
Expenses	$429,722	$450,525	0.0%
Net Income	$-48,621	$59,282	-1.8%

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

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

$121,384

Total Directors