OPENHOUSENEWYORK INC

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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

2001

Legal Domicile

Principal Officer

KRISTIN LABUZ

Phone

2157048388

Tax Period

2024-01-01 to 2024-12-31

OPENHOUSENEWYORK INC, founded in 2001, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $231K, a strong 21% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROMOTE BROAD, UNPARALLELED ACCESS TO THE CITY-TO THE PLACES, PEOPLE, PROJECTS, SYSTEMS AND IDEAS THAT DEFINE NEW YORK AND ITS FUTURE-AND FOSTERS CIVIC DIALOGUE ABOUT HOW THE CITY FUNCTIONS AND WHO IT SERVES. YEAR-ROUND PROGRAMMING AND THE ANNUAL OHNY WEEKEND, WHICH RANKS AMONG THE LARGEST PUBLIC DESIGN FESTIVALS IN THE NATION, OFFER A CITYWIDE PLATFORM FOR PUBLIC EDUCATION AND ENGAGEMENT, GUIDED BY A COMMITMENT TO SERVING NEIGHBORHOODS AND NEW YORKERS ACROSS THE CITY AROUND ISSUES OF PLANNING, DESIGN, PRESERVATION, AND INFRASTRUCTURE.

Program Service Accomplishments

Program 1

Expenses: $577,974 Revenue: $162,621

THE 22ND OHNY WEEKEND UNLOCKED DOORS FOR GUIDED TOURS, PERFORMANCES, WORKSHOPS, AND BEHIND THE SCENES ACCESS. THE LARGEST FESTIVAL OF ITS KIND IN THE COUNTRY, MORE THAN 270 PLACES WERE OPENED IN...

THE 22ND OHNY WEEKEND UNLOCKED DOORS FOR GUIDED TOURS, PERFORMANCES, WORKSHOPS, AND BEHIND THE SCENES ACCESS. THE LARGEST FESTIVAL OF ITS KIND IN THE COUNTRY, MORE THAN 270 PLACES WERE OPENED IN COLLABORATION WITH 256 PARTNER ORGANIZATIONS SPANNING THE BREADTH OF THE CITY'S CULTURAL, COMMERCIAL, AND CIVIC SECTORS. INFUSED WITH NEW ENERGY, MORE THAN 31% OF THE FESTIVAL LINEUP WAS A BRAND NEW OFFERING.OVER 51,000 VISITORS EXPLORED HISTORIC HOUSES, ARTS INSTITUTIONS, SPACES OF WORSHIP, COMMUNITY GARDENS, MANUFACTURERS, OPEN STUDIOS AND BEYOND. OHNY WEEKEND DELIVERED MORE THAN 1,000 HOURS OF FREE PROGRAMMING.

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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 $904,670

Program Service Revenue $162,621

Investment Income $0

Other Revenue $18,755

TOTAL REVENUE $1,086,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,346

Fundraising Expenses $132,401

Program Expenses $577,974

Other Expenses $368,422

TOTAL EXPENSES $854,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,086,046	$949,631	+0.1%
Expenses	$854,768	$1,074,672	-0.2%
Net Income	$231,278	$-125,041	-2.8%

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

924

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

$161,717

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA LOPERGOLO	PRESIDENT	2.00	Officer Director	$0	$0	$0
SAUNDRA THOMAS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
AMY GILFENBAUM	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM ROLSTON	SECRETARY	2.00	Officer Director	$0	$0	$0
SHERLEN ARCHIBALD	BOARD MEMBER	2.00	Director	$0	$0	$0
FORTH BAGLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
CRISTOBAL CORREA	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK DIFFLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
DOROTHY DUNN	BOARD MEMBER	2.00	Director	$0	$0	$0
LOUISE HARPMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RACHEL JAFFE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH KUBANY	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH LEBER	BOARD MEMBER	2.00	Director	$0	$0	$0
RUCHIKA MODI	BOARD MEMBER	2.00	Director	$0	$0	$0
LIZ NEUMARK	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLINE OTTO	BOARD MEMBER	2.00	Director	$0	$0	$0
KARIM REHMAT	BOARD MEMBER	2.00	Director	$0	$0	$0
ANNE RIESELBACH	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT ROGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
CASSIM SHEPARD	BOARD MEMBER	2.00	Director	$0	$0	$0
TY TRIPPET	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTIN H LABUZ	EXECUTIVE DIRECTOR	40.00	Officer	$140,097	$21,620	$161,717

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	$1,086,046	$854,768	$521,030	$231,278
2023	$949,631	$1,074,672	$343,592	$-125,041
2022	$808,218	$850,841	$420,747	$-42,623
2022	$808,218	$850,841	$420,747	$-42,623
2021	$791,131	$701,380	$463,163	$89,751
2021	$791,131	$701,380	$463,163	$89,751
2020	$636,151	$511,424	$332,743	$124,727
2019	$871,624	$840,586	$253,785	$31,038
2018	$753,703	$626,805	$198,914	$126,898