MATERIAL INSTITUTE (EIN 861834083) - 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

2020

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MATERIAL INSTITUTE, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $972K in total revenue in fiscal year 2023. The organization ran a surplus of $154K, a strong 16% operating margin.

Mission

THE MATERIAL INSTITUTE IS A NON-PROFIT ARTS CENTER IN THE 9TH WARD OF NEW ORLEANS THAT EXPANDS ACCESS TO RESOURCES FOR A NEW GENERATION OF NEW ORLEANS ARTISTS. IT IS A LEARNING ENVIRONMENT WHERE EXPERIMENTATION AND COLLABORATIVE SPIRIT COLLIDE TO FOSTER COMMUNITY AND CULTIVATE FR

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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 $962,530

Program Service Revenue $0

Investment Income $0

Other Revenue $9,462

TOTAL REVENUE $971,992

Expense Breakdown

Grants Paid $15

Salaries & Benefits $663,276

Fundraising Expenses $0

Program Expenses $691,254

Other Expenses $155,191

TOTAL EXPENSES $818,482

Year-over-Year Comparison

	2023	2022	Change
Revenue	$971,992	N/A	N/A
Expenses	$818,482	N/A	N/A
Net Income	$153,510	N/A	N/A

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
BETH LAMBERT	BOARD MEMBER	0.10	Director	$0	$0	$0
PATRICK KELLY	BOARD MEMBER	0.10	Director	$0	$0	$0
KIRSHA KAECHELE	FOUNDER & BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOHN NORWOOD	PRESIDENT & SECRETARY	0.10	Officer Director	$0	$0	$0
HUGH LAMBERT	TREASURER	0.10	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
2024	No data	No data	No data	No data
2023	$971,992	$818,482	$165,126	$153,510
2022	No data	No data	No data	No data
2021	No data	No data	No data	No data

MATERIAL INSTITUTE