QUEENS COUNCIL ON THE ARTS INC (EIN 112219193) - 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

1970

Legal Domicile

Tax Period

2021-07-01 to 2022-06-30

QUEENS COUNCIL ON THE ARTS INC, founded in 1970, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2021. Revenue decreased 8% compared to the prior year. Expenses of $1.2M left a modest 5% surplus.

Mission

PROMOTION OF ARTS AND ARTS ORGANIZATIONS IN QUEENS, NY

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,218,719

Program Service Revenue $58,622

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,277,341

Expense Breakdown

Grants Paid $458,200

Salaries & Benefits $430,537

Fundraising Expenses $14,256

Program Expenses $1,015,585

Other Expenses $319,352

TOTAL EXPENSES $1,208,089

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,277,341	$1,385,659	-0.1%
Expenses	$1,208,089	$1,288,607	-0.1%
Net Income	$69,252	$97,052	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOONG YEE KRAKAUER	FORMER DIRECTOR	40.00		$84,319	$0	$84,319
AKI TODIC	TRUSTEE	5.00	Director	$0	$0	$0
KATHY COSTAS	TRUSTEE	5.00	Director	$0	$0	$0
ED MARTIN	TRUSTEE	5.00	Director	$0	$0	$0
JOE LOBELLO	TRUSTEE	5.00	Officer Director	$0	$0	$0
FRANK RAFFAELE	PRESIDENT	10.00	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
2022	$1,277,341	$1,208,089	$1,513,697	$69,252
2021	$1,385,659	$1,288,607	$1,511,969	$97,052
2020	$1,804,463	$1,814,805	$946,534	$-10,342
2019	$2,197,923	$2,034,504	$980,799	$163,419

QUEENS COUNCIL ON THE ARTS INC