LAS VEGAS MUSEUM OF ART (EIN 932603279) - 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

2023

Legal Domicile

Principal Officer

HEATHER HARMON

Phone

3109803840

Tax Period

2024-01-01 to 2024-06-30

LAS VEGAS MUSEUM OF ART, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $92K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $202K exceeded revenue, resulting in a 119% operating deficit.

Mission

ESTABLISH A MUSEUM OF ART IN LAS VEGAS, NEVADA WHICH WILL FOCUS ON SERVING THE DIVERSE LAS VEGAS COMMUNITY THROUGH INCLUSIVE EXHIBITIONS AND PROGRAMS ACROSS AGES, CULTURES AND GENRES.

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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 $0

Program Service Revenue $0

Investment Income $92,500

Other Revenue $0

TOTAL REVENUE $92,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,246

Fundraising Expenses $0

Program Expenses $79,187

Other Expenses $113,908

TOTAL EXPENSES $202,154

Year-over-Year Comparison

	2024	2023	Change
Revenue	$92,500	$5,006,411	-1.0%
Expenses	$202,154	N/A	N/A
Net Income	$-109,654	$5,006,411	-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

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
ELAINE WYNN	TRUSTEE - PRESIDENT	0.10	Officer Director	$0	$0	$0
MICHAEL GOVAN	TRUSTEE - TREASURER	0.10	Officer Director	$0	$0	$0
DANA LEE	TRUSTEE - SECRETARY	0.10	Officer Director	$0	$0	$0
ROGER THOMAS	TRUSTEE	0.10	Director	$0	$0	$0
HEATHER HARMON	EXECUTIVE 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	$92,500	$202,154	$4,898,858	$-109,654
2023	$5,006,411	No data	$5,006,411	No data

LAS VEGAS MUSEUM OF ART