THE MUSEUM OF CONTEMPORARY ART LOS ANGELES

EIN: 953433820 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$29,554,913
Total Expenses
$26,532,037
Total Assets
$222,192,415
Net Assets
$219,694,934
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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
CA
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

TO ORGANIZE EXHIBITIONS AND PROGRAMS TO ENHANCE PUBLIC KNOWLEDGE AND APPRECIATION OF THE ARTS.

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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 (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

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Governance

Voting Members
34
Independent Members
33
Employees
243
Volunteers
39

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
6
$936,550
Total Directors
37
$936,550
Key Employees
2
$469,579
Highest Compensated
5
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
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