THE MUSEUM OF ART AND LIGHT INC (EIN 870905518) - 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

2021

Legal Domicile

Principal Officer

ROBERT DEBRUYN

Phone

7855390555

Tax Period

2024-01-01 to 2024-12-31

THE MUSEUM OF ART AND LIGHT INC, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 151% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE A MUSEUM THAT CREATES UNIQUE, VIRTUAL, AND IMMERSIVE ART EXPERIENCE FOR PEOPLE OF ALL AGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,036,997

Program Service Revenue $82,765

Investment Income $2,195

Other Revenue $132,662

TOTAL REVENUE $1,254,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $793,887

Fundraising Expenses $121,274

Program Expenses $1,047,879

Other Expenses $712,216

TOTAL EXPENSES $1,506,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,254,619	$499,478	+1.5%
Expenses	$1,506,103	$455,164	+2.3%
Net Income	$-251,484	$44,314	-6.7%

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

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
ROBERT DEBRUYN	CHAIRMAN	5.00	Officer Director	$0	$0	$0
TRACEY DEBRUYN	PRESIDENT/SE	5.00	Officer Director	$0	$0	$0
RON BOWMAN	DIRECTOR	2.50	Director	$0	$0	$0
STAN ZUKOWFSKY	TREASURER	2.50	Officer Director	$0	$0	$0
JULIE HOSTETLER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT ROMANET	DIRECTOR	0.50	Director	$0	$0	$0
JIM RICKABAUGH	DIRECTOR	0.50	Director	$0	$0	$0
DR ARTHUR DEGROAT	DIRECTOR	0.50	Director	$0	$0	$0
DR BRYAN PINKALL	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$1,254,619	$1,506,103	$573,862	$-251,484
2023	$499,478	$455,164	$785,082	$44,314
2022	$388,723	$157,652	$735,045	$231,071
2021	$514,768	$14,957	$499,811	$499,811

THE MUSEUM OF ART AND LIGHT INC