FOURTH ARTS BLOCK INC (EIN 043767933) - Form 990 Financial Analysis & Trantor Score

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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

RYAN GILLIAM

Phone

6468641209

Tax Period

2023-07-01 to 2024-06-30

FOURTH ARTS BLOCK INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $370K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $529K exceeded revenue, resulting in a 43% operating deficit.

Mission

FOURTH ARTS BLOCKS MISSION IS TO PRESERVE, SUSTAIN AND GROW THE CULTURAL VIBRANCY OF THE LOWER EAST SIDE.

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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 $302,271

Program Service Revenue $53,687

Investment Income $0

Other Revenue $14,474

TOTAL REVENUE $370,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,381

Fundraising Expenses $9,015

Program Expenses $450,029

Other Expenses $282,236

TOTAL EXPENSES $528,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$370,432	$535,969	-0.3%
Expenses	$528,617	$415,220	+0.3%
Net Income	$-158,185	$120,749	-2.3%

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

$68,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN GILLIAM	EXECUTIVE DIRECTOR	40.00	Officer	$68,904	$0	$68,904
MOLAUNDO JONES	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEE ANN GULLIE	TREASURER	2.00	Officer Director	$0	$0	$0
JASMINA SINANOVIC	BOARD MEMBER	2.00	Director	$0	$0	$0
WINSTON ESTEVEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
CHIMENE OKERE	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREA GORDILLO	BOARD MEMBER	2.00	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
2025	No data	No data	No data	No data
2024	$370,432	$528,617	$335,091	$-158,185
2023	$535,969	$415,220	$534,646	$120,749
2022	$477,530	$351,641	$344,615	$125,889
2021	$309,507	$287,297	$265,602	$22,210
2020	$244,670	$288,946	$221,352	$-44,276
2019	$326,649	$291,980	$233,991	$34,669
2018	$297,417	$274,101	$202,646	$23,316

FOURTH ARTS BLOCK INC