CAVE ORGANIZATION 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

2003

Legal Domicile

Principal Officer

POLINA PORRAS

Phone

3474018098

Tax Period

2024-01-01 to 2024-12-31

CAVE ORGANIZATION INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $703K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $662K left a modest 6% surplus.

Mission

LEIMAY fosters artistic exploration, resource sharing, and community engagement through movement-based multidisciplinary creations and collaborations with educational and presenting partners locally, nationally, and internationally (see Schedule O for more)

Program Service Accomplishments

Program 1

Expenses: $42,777 Revenue: $20,653

WEAVE (Resource Sharing, Community & Relational Research): Through residencies, studio programs, and public presentations, LEIMAY keeps resources in motion, creates spaces for experimentation, and...

WEAVE (Resource Sharing, Community & Relational Research): Through residencies, studio programs, and public presentations, LEIMAY keeps resources in motion, creates spaces for experimentation, and grounds artistic research in lived exchanges. This platform supports artists in the creation and dissemination of their work at CAVE in Brooklyn and beyond.

Program 2

Expenses: $440,086 Revenue: $108,635

IMAGINE (Creative Works & Productions): This platform supports the production, presentation, and dissemination of Ximena and Shiges creative work as a duo, with the LEIMAY Ensemble, and through...

IMAGINE (Creative Works & Productions): This platform supports the production, presentation, and dissemination of Ximena and Shiges creative work as a duo, with the LEIMAY Ensemble, and through expansive multi- disciplinary creative works for diverse audiences.

Program 3

Expenses: $39,180 Revenue: $9,077

EMBODY (LUDUS Education Program): LUDUS is the training and research practice developed by Ximena Garnica and Shige Moriya and continuously expanded by the LEIMAY Ensemble. Rooted in Butoh, somatics, and experimental theater, it is a living methodology that bridges movement, imagination, and interdisciplinary research. LUDUS takes place across many settings: from Roots & Rhythms on NYC Open Streets, to intensives and research labs at CAVE, to courses at academic institutions, and to collaborative residencies in international contexts.

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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 $495,771

Program Service Revenue $138,365

Investment Income $19,209

Other Revenue $50,130

TOTAL REVENUE $703,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,206

Fundraising Expenses $4,695

Program Expenses $522,043

Other Expenses $490,048

TOTAL EXPENSES $662,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$703,475	$2,662,216	-0.7%
Expenses	$662,254	$404,329	+0.6%
Net Income	$41,221	$2,257,887	-1.0%

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

$3,700

Total Directors

$10,281

Key Employees

$76,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIGEKAZU MORIYA	CO-DIRECTOR	40.00	Key Emp	$38,750	$0	$38,750
XIMENA GARNICA	CO-DIRECTOR	40.00	Key Emp	$37,750	$0	$37,750
MAR GALEANO	BOARD MEMBER	1.00	Director	$6,581	$0	$6,581
POLINA PORRAS	TREASURER	1.00	Officer Director	$3,700	$0	$3,700
JOSE RIVERA JR	PRESIDENT	0.50	Officer Director	$0	$0	$0
CATALINA SANTAMARIA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THEA LITTLE	SECRETARY	0.50	Officer 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	$703,475	$662,254	$2,557,718	$41,221
2023	$2,662,216	$404,329	$2,577,675	$2,257,887
2022	$333,057	$261,040	$251,571	$72,017
2021	$235,467	$190,380	$145,727	$45,087