THE MUSEUM OF CONTEMPORARY ART LOS… - 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

1979

Legal Domicile

Principal Officer

MICHAEL HARRISON

Phone

2136212766

Tax Period

2024-07-01 to 2025-06-30

THE MUSEUM OF CONTEMPORARY ART LOS ANGELES, founded in 1979, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $29.6M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $26.5M left a modest 10% surplus.

Mission

THE MUSEUM OF CONTEMPORARY ART (THE MUSEUM) IS A CALIFORNIA NONPROFIT CORPORATION ESTABLISHED IN 1979 AS THE ONLY ARTIST-FOUNDED MUSEUM IN LOS ANGELES. THE MUSEUM IS DEDICATED TO COLLECTING AND EXHIBITING CONTEMPORARY ART AND HOUSES ONE OF THE MOST COMPELLING COLLECTIONS OF CONTEMPORARY ART IN THE WORLD, COMPRISING APPROXIMATELY8,000 OBJECTS.THE MUSEUM IS COMMITTED TO THE COLLECTION, PRESENTATION, AND INTERPRETATION OF ART CREATED AFTER 1940, IN ALL MEDIA, AND TO PRESERVING THAT WORK FOR FUTURE GENERATIONS. THE MUSEUM PROVIDES LEADERSHIP IN THE FIELD BY IDENTIFYING AND PRESENTING THE MOST SIGNIFICANT AND CHALLENGING ART OF OUR TIME, ACTIVELY SUPPORTING THE CREATION OF NEW WORK, AND PRODUCING ORIGINAL SCHOLARSHIP. THE MUSEUM ENGAGES AUDIENCES THROUGH AN AMBITIOUS PROGRAM OF FREE EXHIBITIONS, EDUCATIONAL PROGRAMS, AND PUBLISHING.

Program Service Accomplishments

Program 1

Expenses: $9,266,152 Revenue: $1,036,740

CURATORIAL AND EXHIBITION PROGRAMS: MOCA CONTINUED ITS DYNAMIC EXHIBITION PROGRAM WITH THE COLLECTION SHOWS "REVERBERATIONS," "DIARY OF FLOWERS: ARTISTS AND THEIR WORLDS, AND "FICTIONS OF DISPLAY," WHICH HIGHLIGHTED ARTWORKS FROM THE MUSEUM'S RENOWNED COLLECTION OF NEARLY 8,000 CONTEMPORARY ARTWORKS FROM 1940 TO THE PRESENT BY ESTABLISHED AND EMERGING ARTISTS. MOCA ALSO PRESENTED MAJOR EXHIBITIONS OF THE ARTISTS JOSH KLINE AND OLAFUR ELIASSON, AND FEATURED THE FIRST SOLO MUSEUM PRESENTATIONS IN LOS ANGELES OF ARTISTS ANA SEGOVIA AND TAKAKO YAMAGUCHI AS PART OF ITS RELAUNCHED MOCA: FOCUS SERIES. LASTLY, THE GROUP EXHIBITION AT THE MUSEUM, ORDINARY PEOPLE: PHOTOREALISM AND THE WORK OF ART SINCE 1968," INCLUDED PAINTINGS, DRAWINGS, AND SCULPTURES BY MORE THAN FORTY ARTISTS. MOCA ALSO PRESENTED A ROBUST SCHEDULE OF PERFORMANCES AS PART OF ITS WONMI'S WAREHOUSE PROGRAM. HIGHLIGHTS INCLUDED THE WORLD PREMIERE OF NADYA TOLOKONNIKOVA'S (PUSSY RIOT) NEW DURATIONAL PERFORMANCE INSTALLATION "POLICE STATE", THE US PREMIERE IF WAEL SHAWKY'S ACCLAIMED FILM INSTALLATION "DRAMA 1882", AND THE WEST COAST PREMIERE OF DYNASTY HANDBAG'S "TITANIC DEPRESSION".

Program 2

Expenses: $5,383,838

BUILDING OPERATIONS AND SECURITY:MOCA HAS TWO FACILITIES IN THE DOWNTOWN LOS ANGELES NEIGHBORHOOD: THE MOCA GRAND AVENUE BUILDING, DESIGNED BY CELEBRATED JAPANESE ARCHITECT ARATA ISOZAKI, AND THE...

BUILDING OPERATIONS AND SECURITY:MOCA HAS TWO FACILITIES IN THE DOWNTOWN LOS ANGELES NEIGHBORHOOD: THE MOCA GRAND AVENUE BUILDING, DESIGNED BY CELEBRATED JAPANESE ARCHITECT ARATA ISOZAKI, AND THE GEFFEN CONTEMPORARY BUILDING, RENOVATED BY RENOWNED CALIFORNIA ARCHITECT FRANK GEHRY. BOTH FACILITIES REQUIRE SECURITY 24-HOURS A DAY, SEVEN DAYS A WEEK, AND ARE PROPERLY MAINTAINED TO ENSURE THE SAFETY OF ALL ARTWORKS IN MOCA'S CARE. IN CONSULTATION WITH ITS ENVIRONMENTAL COUNCIL AND ADVISORS, MOCA'S ENVIRONMENTAL AND SUSTAINABILITY STRATEGIST LEADS THE MUSEUM'S SUSTAINABILITY EFFORTS AND ENVIRONMENTALLY FOCUSED PROGRAMMING.

Program 3

Expenses: $2,848,014

PUBLIC AFFAIRS/INFORMATION: MOCA'S COMMUNICATIONS DEPARTMENT PRODUCES A VARIETY OF PROMOTIONAL, ADVERTISING, AND PUBLIC ANNOUNCEMENTS TO INFORM THE PUBLIC OF MOCA'S EXHIBITIONS, PROGRAMMING, AND...

PUBLIC AFFAIRS/INFORMATION: MOCA'S COMMUNICATIONS DEPARTMENT PRODUCES A VARIETY OF PROMOTIONAL, ADVERTISING, AND PUBLIC ANNOUNCEMENTS TO INFORM THE PUBLIC OF MOCA'S EXHIBITIONS, PROGRAMMING, AND COLLECTION . MOCA'S COMMUNICATIONS OUTREACH INCLUDED ROBUST MARKETING & ADVERTISING CAMPAIGNS, PUBLIC RELATIONS EFFORTS, PAID & ORGANIC SOCIAL MEDIA CAMPAIGNS, AND DIGITAL OFFERINGS ACROSS OWNED AND EARNED PLATFORMS.

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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 $22,168,637

Program Service Revenue $1,040,114

Investment Income $6,518,801

Other Revenue $-172,639

TOTAL REVENUE $29,554,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,381,868

Fundraising Expenses $1,500,440

Program Expenses $19,347,494

Other Expenses $14,150,169

TOTAL EXPENSES $26,532,037

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,554,913	$23,611,899	+0.3%
Expenses	$26,532,037	$24,957,956	+0.1%
Net Income	$3,022,876	$-1,346,057	-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

243

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

$936,550

Total Directors

$936,550

Key Employees

$469,579

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHANNA BURTON UNTIL 0825	DIRECTOR	40.00	Officer Director	$904,292	$32,258	$936,550
CAROLYN CLARK POWERS	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
EUGENIO LOPEZ ALONSO	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MARIA SEFERIAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER PODESTA UNTIL 0425	SECRETARY	1.00	Officer Director	$0	$0	$0
THE HONORABLE KAREN BASS	TRUSTEE	1.00	Director	$0	$0	$0
KATHI B CYPRES	TRUSTEE	1.00	Director	$0	$0	$0
CLIFFORD J EINSTEIN	TRUSTEE, CHAIR EMERITUS	1.00	Director	$0	$0	$0
SUSAN GERSH	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH IRMAS	TRUSTEE	1.00	Director	$0	$0	$0
KARYN KOHL	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA KRUGER	TRUSTEE	1.00	Director	$0	$0	$0
TALA MADANI	TRUSTEE	1.00	Director	$0	$0	$0
MAURICE MARCIANO	TRUSTEE, CHAIR EMERITUS	1.00	Director	$0	$0	$0
MARY KLAUS MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY MCMILLIAN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KWON MERRIHEW	TRUSTEE	1.00	Director	$0	$0	$0
SEAN PARKER	TRUSTEE	1.00	Director	$0	$0	$0
VIDA YAGHMAI	TRUSTEE	1.00	Director	$0	$0	$0
WONMI KWON	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINA QUARLES	TRUSTEE	1.00	Director	$0	$0	$0
PETE SCANTLAND	TRUSTEE	1.00	Director	$0	$0	$0
TERRI SMOOKE	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY SOROS	TRUSTEE, PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
BERRY STEIN	TRUSTEE	1.00	Director	$0	$0	$0
CARLO TRAGLIO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER V WALKER	TRUSTEE	1.00	Director	$0	$0	$0
ORNA AMIR WOLENS	TRUSTEE	1.00	Director	$0	$0	$0
COUNCIL PRES MARQUEECE HARRIS-DAWSO	EX-OFFICIO	1.00	Director	$0	$0	$0
BLAKE JOHNSON FROM 724	TRUSTEE	1.00	Director	$0	$0	$0
JULIE WAINWRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN RICE FROM 225	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET MORGAN FROM 1024	TRUSTEE	1.00	Director	$0	$0	$0
CORINNE OPMAN UNTIL 0625	TRUSTEE	1.00	Director	$0	$0	$0
COUNCIL PRES PAUL KREKORIAN	TRUSTEE (UNTIL 10/24)	1.00	Director	$0	$0	$0
JENNIFER HAWKS DJAWADI	TRUSTEE (UNTIL 06/25)	1.00	Director	$0	$0	$0
TIM DISNEY UNTIL 0725	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HARRISON FROM 0125	DEPUTY DIRECTOR & CFO	40.00	Officer	$0	$0	$0
JILL DAVIS	CHIEF OPERATING OFFICER	40.00	Key Emp	$251,944	$11,973	$263,917
ASA HURSH	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$194,644	$11,018	$205,662
CLARA KIM	CHIEF CURATOR & DIRECTOR OF CULTURAL AFFAIRS	40.00	Highest	$252,094	$23,813	$275,907
JESSICA NUNN	CHIEF PEOPLE & CULTURE OFFICER	40.00	Highest	$228,627	$19,704	$248,331
DANIELLE BIAS	CHIEF COMMUNICATION OFFICER	40.00	Highest	$218,216	$19,515	$237,731
LISA MARK	CHIEF OF PUBLIC ENGAGEMENT, LEARNING, AND IMPACT	40.00	Highest	$218,169	$24,024	$242,193
MEREDITH KING	DIRECTOR OF FINANCE	40.00	Highest	$160,165	$19,345	$179,510

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	$29,554,913	$26,532,037	$222,192,415	$3,022,876
2024	$23,611,899	$24,957,956	$215,337,174	$-1,346,057
2023	$17,001,472	$24,270,760	$203,566,130	$-7,269,288
2022	$28,960,841	$20,684,131	$206,807,115	$8,276,710
2021	$15,227,627	$15,000,969	$217,234,100	$226,658
2020	$20,204,928	$17,944,529	$173,324,238	$2,260,399
2020	$20,204,928	$17,944,529	$173,324,238	$2,260,399
2019	$25,899,471	$20,169,136	$169,717,238	$5,730,335
2018	$17,011,611	$19,187,012	$162,049,796	$-2,175,401

THE MUSEUM OF CONTEMPORARY ART LOS ANGELES