ICA LA

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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

1984

Legal Domicile

Principal Officer

ANNE ELLEGOOD

Phone

2139280833

Tax Period

2023-07-01 to 2024-06-30

ICA LA, founded in 1984, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.0M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 58% operating margin.

Mission

THROUGH ITS EXHIBITIONS AND OUTREACH PROGRAMS, THE INSTITUTE OF CONTEMPORARY ART, LOS ANGELES FOSTERS DIVERSITY, INNOVATION, AND DISCOVERY IN CONTEMPORARY ART - LOCAL, NATIONAL, AND INTERNATIONAL.

Program Service Accomplishments

Program 1

Expenses: $2,500,164 Revenue: $35,636

THE INSTITUTE OF CONTEMPORARY ART, LOS ANGELES (ICA LA)-A CALIFORNIA NOT-FOR-PROFIT CORPORATION-IS A NON-COLLECTING ART MUSEUM. FOUNDED IN 1984 AS THE SANTA MONICA MUSEUM OF ART (SMMOA) AND...

THE INSTITUTE OF CONTEMPORARY ART, LOS ANGELES (ICA LA)-A CALIFORNIA NOT-FOR-PROFIT CORPORATION-IS A NON-COLLECTING ART MUSEUM. FOUNDED IN 1984 AS THE SANTA MONICA MUSEUM OF ART (SMMOA) AND REESTABLISHED IN 2017 WITH A NEW IDENTITY AND HOME IN DOWNTOWN LOS ANGELES, ICA LA BUILDS UPON A DISTINGUISHED HISTORY OF BOLD CURATORIAL VISION AND INNOVATIVE PROGRAMMING TO ILLUMINATE THE IMPORTANT UNTOLD STORIES AND EMERGING VOICES IN CONTEMPORARY ART AND CULTURE. THE MUSEUM'S 12,700 SQUARE-FOOT RENOVATED INDUSTRIAL BUILDING-DESIGNED BY WHY ARCHITECTURE UNDER THE LEADERSHIP OF KULAPAT YANTRASAST-FEATURES AMPLE SPACE FOR EXHIBITIONS, PUBLIC PROGRAMS, RETAIL POP-UPS, INTEGRATED OFFICES, AND SPECIAL PROJECTS.ICA LA'S MISSION IS TO SUPPORT ART THAT SPARKS THE PLEASURE OF DISCOVERY AND CHALLENGES THE WAY WE SEE AND EXPERIENCE THE WORLD, OURSELVES, AND EACH OTHER. ICA LA IS COMMITTED TO UPENDING HIERARCHIES OF RACE, CLASS, GENDER, AND CULTURE. THROUGH EXHIBITIONS, EDUCATION PROGRAMS, AND COMMUNITY PARTNERSHIPS, ICA LA FOSTERS CRITIQUE OF THE FAMILIAR AND EMPATHY WITH THE DIFFERENT.PURSUANT TO ITS COMMITMENT TO MAKING CONTEMPORARY ART RELEVANT AND ACCESSIBLE FOR ALL, ADMISSION IS FREE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,787,996

Program Service Revenue $0

Investment Income $187,164

Other Revenue $58,526

TOTAL REVENUE $8,033,686

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,281,983

Fundraising Expenses $411,514

Program Expenses $2,500,164

Other Expenses $2,022,773

TOTAL EXPENSES $3,388,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,033,686	$3,963,363	+1.0%
Expenses	$3,388,585	$3,002,483	+0.1%
Net Income	$4,645,101	$960,880	+3.8%

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

$248,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA DONNELLEY	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
RANDI MALKIN STEINBERGER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
VERA CAMPBELL	TREASURER	3.00	Officer Director	$0	$0	$0
BARBARA DUNN	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
GEOFFREY ANENBERG	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES GAINES	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN MELVILLE ROSENBLOOM	DIRECTOR	1.00	Director	$0	$0	$0
YUVAL BAR-ZEMER	DIRECTOR	1.00	Director	$0	$0	$0
KIM MCCARTY	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
ANDREA FRASER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA GREENSHIELDS-ZIMAN	SECRETARY	3.00	Officer Director	$0	$0	$0
JOEL LUBIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK JANDA	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA FLORES	PRESIDENT	3.00	Officer Director	$0	$0	$0
TODD GRAY	DIRECTOR	1.00	Director	$0	$0	$0
BETSY GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JANE HAIT	DIRECTOR	1.00	Director	$0	$0	$0
KATRINA MOHN	DIRECTOR	1.00	Director	$0	$0	$0
AKIO TAGAWA	DIRECTOR	1.00	Director	$0	$0	$0
ANTOINE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE ELLEGOOD	EXECUTIVE DIRECTOR	60.00	Officer	$233,568	$15,138	$248,706

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	$8,033,686	$3,388,585	$13,297,055	$4,645,101
2023	$3,963,363	$3,002,483	$9,789,658	$960,880
2022	$3,866,496	$2,562,653	$8,831,848	$1,303,843
2021	$2,255,282	$2,146,449	$4,111,649	$108,833
2020	$2,095,604	$2,378,660	$3,827,328	$-283,056
2019	$2,572,331	$2,577,181	$3,401,063	$-4,850
2018	$2,422,288	$2,414,174	$3,279,240	$8,114