MUSEUM OF CONTEMPORARY ART SANTA B… - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

FREDERICK JANKA

Phone

8059665373

Tax Period

2024-08-01 to 2025-07-31

MUSEUM OF CONTEMPORARY ART SANTA BARBARA, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $423K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. Expenses of $624K exceeded revenue, resulting in a 48% operating deficit.

Mission

MUSEUM OF CONTEMPORARY ART SANTA BARBARA (MCASB) SEEKS TO ENRICH LIVES AND INSPIRE CRITICAL THINKING THROUGH MEANINGFUL ENGAGEMENT WITH THE ART AND IDEAS OF OUR TIME. MCASB PROVIDES SANTA BARBARA AND THE CENTRAL COAST WITH EXHIBITIONS AND PROGRAMMING THAT ENCOURAGE DISCOVERY, CULTIVATE NEW PERSPECTIVES, AND CHALLENGE THE WAY WE SEE AND EXPERIENCE THE WORLD, OURSELVES, AND EACH OTHER.

Program Service Accomplishments

Program 1

Expenses: $449,323

SERVE. AS A CULTURAL CENTER LOCATED AT THE HEART OF DOWNTOWN SANTA BARBARA, WE ARE COMMITTED TO LISTENING AND RESPONDING TO OUR COMMUNITY'S DIVERSE NEEDS. WE ARE DEDICATED TO BEING A SAFE SPACE FOR LEARNING AND EXPLORATION - INCLUSIVE IN ALL ASPECTS OF RACE, RELIGION, AGE, GENDER IDENTITY, ABILITY, AND SOCIOECONOMIC STATUS. WE ASPIRE TO REMAIN FLEXIBLE IN ORDER TO (CO)CREATE COMPELLING, RELEVANT PROGRAMMING THAT ADAPTS TO AN EVER-CHANGING SOCIAL DYNAMIC.CONNECT. WE ASPIRE TO BE A PLATFORM FOR OPEN, RESPECTFUL, AND IMPACTFUL DISCOURSE WITH OUR COMMUNITY AND BEYOND. THROUGH COLLABORATIVE RELATIONSHIPS WITH CULTURAL ORGANIZATIONS, AREA NONPROFITS, ACADEMIC INSTITUTIONS, LOCAL GOVERNING BODIES, HOSPITALITY PARTNERS, AND MORE, MCASB IS ABLE TO EXTEND OUR PROGRAMMING TO REACH A BROAD AND DIVERSE PUBLIC. IMPACT. MCASB IS PASSIONATE ABOUT MAKING A POSITIVE DIFFERENCE IN THE LIVES OF INDIVIDUALS, AND SOCIETY, THROUGH ENGAGEMENT WITH CONTEMPORARY ART AND CULTURE. MCASB'S EXHIBITIONS INFORM OUR EDUCATIONAL AND EXPERIENTIAL PROGRAMMING, WHICH ARE DESIGNED TO INSPIRE CURIOSITY, CULTIVATE EMPATHY, AND BROADEN PERSPECTIVES THROUGH THE ART AND IDEAS OF OUR TIME.

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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 $257,681

Program Service Revenue $0

Investment Income $151,077

Other Revenue $14,295

TOTAL REVENUE $423,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,297

Fundraising Expenses $67,962

Program Expenses $449,323

Other Expenses $399,112

TOTAL EXPENSES $624,409

Year-over-Year Comparison

	2024	2023	Change
Revenue	$423,053	$267,953	+0.6%
Expenses	$624,409	$315,509	+1.0%
Net Income	$-201,356	$-47,556	+3.2%

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

$121,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK JANKA	PRESIDENT	20.00	Officer Director	$0	$0	$0
CASSANDRIA BLACKMORE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMY HARRISON	SECRETARY	1.00	Officer Director	$0	$0	$0
SPENSER JAIMES	TREASURER	1.00	Officer Director	$0	$0	$0
INGRID BOSTROM	TRUSTEE	1.00	Director	$0	$0	$0
ANGELA ROBINS	TRUSTEE	1.00	Director	$0	$0	$0
LEA SINDIJA	TRUSTEE	1.00	Director	$0	$0	$0
BANY VARGAS	TRUSTEE	1.00	Director	$0	$0	$0
VANESSA WALLACE GONZALES	TRUSTEE	1.00	Director	$0	$0	$0
ADRIANA ARRIAGA	TRUSTEE	1.00	Director	$0	$0	$0
DALIA GARCIA	EXECUTIVE DIRECTOR	40.00	Officer	$74,720	$3,052	$77,772
FABIAN LEYVA-BARRAGAN	EXECUTIVE DIRECTOR	40.00	Officer	$40,569	$3,034	$43,603

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	$423,053	$624,409	$68,400	$-201,356
2024	$267,953	$315,509	$453,762	$-47,556
2023	$87,594	$193,427	$707,965	$-105,833
2022	$151,007	$515,562	$967,995	$-364,555
2021	$329,117	$444,594	$1,579,301	$-115,477
2020	$-466,169	$1,270,417	$1,164,424	$-1,736,586
2019	$321,517	$1,577,012	$5,954,380	$-1,255,495
2018	$1,589,224	$2,093,121	$6,750,464	$-503,897

MUSEUM OF CONTEMPORARY ART SANTA BARBARA