LOS ANGELES CONTEMPORARY EXHIBITIONS INC

EIN: 953397305 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$729,228
Total Expenses
$828,712
Total Assets
$1,755,038
Net Assets
$1,607,396
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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
1978
Legal Domicile
CA
Principal Officer
SARAH RUSSIN
Phone
3232500940
Tax Period
2023-10-01 to 2024-09-30

LOS ANGELES CONTEMPORARY EXHIBITIONS INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $729K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $829K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE OPPORTUNITIES FOR DIVERSE PUBLICS TO ENGAGE DEEPLY WITH CONTEMPORARY ART.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $673,327
Program Service Revenue $0
Investment Income $38,750
Other Revenue $17,151
TOTAL REVENUE $729,228

Expense Breakdown

Grants Paid $70,000
Salaries & Benefits $371,662
Fundraising Expenses $39,995
Program Expenses $722,022
Other Expenses $387,050
TOTAL EXPENSES $828,712

Year-over-Year Comparison

2023 2022 Change
Revenue $729,228 $1,578,894 -0.5%
Expenses $828,712 $584,306 +0.4%
Net Income $-99,484 $994,588 -1.1%
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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Governance

Voting Members
12
Independent Members
11
Employees
5
Volunteers
11

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
4
$108,587
Total Directors
12
$108,587
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DELGADO BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA FLEISCHMANN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL GONZALES BOARD MEMBER 3.00
Director
$0 $0 $0
KEN GONZALES-DAY BOARD MEMBER 1.00
Director
$0 $0 $0
MARK STEVEN GREENFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
YOUNG JOON KWAK BOARD MEMBER 1.00
Director
$0 $0 $0
GRACE OH CHAIR 3.00
Officer Director
$0 $0 $0
MARGI MARGARET REEVE SECRETARY 3.00
Officer Director
$0 $0 $0
BRYAN SMILEY BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH RUSSIN EXECUTIVE DIRECTOR 40.00
Officer Director
$108,587 $0 $108,587
ANNIE BROSE TREASURER 1.00
Officer Director
$0 $0 $0
JERSON HONDALL BOARD MEMBER 1.00
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 $729,228 $828,712 $1,755,038 $-99,484
2023 $1,578,894 $584,306 $1,867,547 $994,588
2022 $817,298 $424,220 $878,533 $393,078
2021 $718,222 $612,045 $473,578 $106,177
2020 $414,554 $333,550 $444,505 $81,004
2019 $306,444 $394,871 $144,789 $-88,427
2018 $628,760 $457,690 $253,862 $171,070
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