EAST SETAUKET, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GALLERY NORTH INC, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $474K, a strong 35% operating margin.
GALLERY NORTH IS A NOT-FOR-PROFIT FINE ART GALLERY WITH A MISSION TO PRESENT EXHIBITIONS OF CONTEMPORARY ARTISTS AND CRAFTS PERSONS, TO ASSIST AND ENCOURAGE ARTISTS BY BRINGING THEIR WORK TO THE ATTENTION OF THE PUBLIC, AND TO STIMULATE INTEREST IN THE ARTS BY PRESENTING INNOVATIVE, EDUCATIONAL PROGRAMS. FURTHERMORE, GALLERY NORTH IS ORGANIZED TO SUPPORT ARTISTS OF THE LONG ISLAND REGION, TO OFFER EXHIBITIONS AND PROGRAMMING FOR THE ENJOYMENT OF CITIZENS OF THE STATE OF NEW YORK, TO EMBRACE THE ROLE OF DIVERSITY IN STRENGTHENING THE ARTS, AND TO ENGAGE IN LAWFUL ACTS OR ACTIVITIES FOR WHICH NOT-FOR-PROFIT CORPORATIONS MAY BE ORGANIZED UNDER NEW YORK NOT-FOR-PROFIT CORPORATION LAW.
IN SEPTEMBER, THE ORGANIZATION PRESENTED THE OUTDOOR ART SHOW AND MUSIC FESTIVAL, A SIGNATURE, ANNUAL EVENT. THIS TWO-DAY EVENT INCLUDED OVER 95 ARTISTS AND CRAFTSPEOPLE FROM ALL OVER NEW YORK STATE...
IN SEPTEMBER, THE ORGANIZATION PRESENTED THE OUTDOOR ART SHOW AND MUSIC FESTIVAL, A SIGNATURE, ANNUAL EVENT. THIS TWO-DAY EVENT INCLUDED OVER 95 ARTISTS AND CRAFTSPEOPLE FROM ALL OVER NEW YORK STATE AND THE EAST COAST, AS WELL AS TEN DIFFERENT MUSICAL PERFORMANCES. THE EVENT WAS FREE AND OPEN TO THE PUBLIC AND ATTRACTED OVER 8000 VISITORS TO GALLERY NORTH OVER TWO DAYS.
THE ORGANIZATION PROVIDED CLASSES AND WORKSHOPS IN THE STUDIO AT GALLERY NORTH. THESE CLASSES WERE IN A VARIETY OF MEDIUMS, SUCH AS CERAMICS, WATERCOLOR, LIFE DRAWING, ENCAUSTIC, PAPER MAKING, AS...
THE ORGANIZATION PROVIDED CLASSES AND WORKSHOPS IN THE STUDIO AT GALLERY NORTH. THESE CLASSES WERE IN A VARIETY OF MEDIUMS, SUCH AS CERAMICS, WATERCOLOR, LIFE DRAWING, ENCAUSTIC, PAPER MAKING, AS WELL AS SILKSCREEN AND OTHER PRINTMAKING PROCESSES, DONE IN HOUSE ON A PRINTING PRESS. HUNDREDS OF STUDENTS OF ALL AGES BENEFITTED FROM OVER FORTY MONTHLY, WEEKLY, OR INDIVIDUAL ART CLASSES, INCLUDING OUR SUMMER ART EDUCATION PROGRAM FOR KIDS SUMMER ARTVENTURES WHICH RAN FOR EIGHT WEEKS FROM JULY TO AUGUST. THE STUDIO ALSO OFFERED ITS ART ABILITIES PROGRAM FROM FALL 2024 TO SPRING 2025, A FREE ART PROGRAM FOR THOSE IN OUR COMMUNITY WHO LIVE WITH A DISABILITY OF ANY KIND. IN ADDITION, THE STUDIO ALSO CONTINUED TO OFFER THE CARMELA KOLMAN FELLOWSHIP.
THE ORGANIZATION HOSTED ITS ANNUAL WET PAINT FESTIVAL SATURDAY, JUNE 7TH AND SUNDAY, JUNE 8TH ON THE GROUNDS OF NASSAKEAG ELEMENTARY SCHOOL AND THE MERRITT HAWKINS HOUSE, FEATURING OVER 50 LOCAL...
THE ORGANIZATION HOSTED ITS ANNUAL WET PAINT FESTIVAL SATURDAY, JUNE 7TH AND SUNDAY, JUNE 8TH ON THE GROUNDS OF NASSAKEAG ELEMENTARY SCHOOL AND THE MERRITT HAWKINS HOUSE, FEATURING OVER 50 LOCAL ARTISTS. NOW IN ITS 21ST YEAR, THIS ANNUAL, OUTDOOR EVENT PROVIDED THE COMMUNITY WITH THE UNIQUE OPPORTUNITY TO WATCH LONG ISLAND'S PLEIN AIR PAINTERS AS THEY CAPTURE THE AREA'S NATURAL BEAUTY. THIS YEAR, THE FESTIVAL INCLUDED GUIDED TOURS ON ART, NATURE, AND THE LOCAL HISTORY OF SETAUKET, AS WELL AS LIVE MUSIC, FOOD, AND CHILDREN'S ACTIVITIES. THE EVENT WAS FREE AND OPEN TO THE PUBLIC. ALL PARTICIPANTS WERE THEN FEATURED IN AN EXHIBITION AT GALLERY NORTH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,346,395 | $1,980,808 | -0.3% |
| Expenses | $872,734 | $814,389 | +0.1% |
| Net Income | $473,661 | $1,166,419 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EDWARD PUCHNER | EXECUTIVE DIRECTOR | 40.00 |
Officer
Director
|
$110,000 | $0 | $110,000 |
| NANCY GOROFF | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEX BADALAMENTI | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL ARDOLINO | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| NEIL MACDONALD | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANICE GABRIEL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE GRESS | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TALI HINKIS | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| NADIA BUSSEUIL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH FISH | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| ROBERTA GORDON | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| KAREN LEVITOV | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| MONICA BUGALLO | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| VALERIE KRIZEL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,346,395 | $872,734 | $5,428,960 | $473,661 |
| 2024 | $1,980,808 | $814,389 | $4,746,975 | $1,166,419 |
| 2023 | $2,535,185 | $668,050 | $3,904,198 | $1,867,135 |
| 2022 | $820,462 | $620,061 | $2,086,364 | $200,401 |
| 2021 | $416,383 | $466,382 | $1,967,190 | $-49,999 |
| 2020 | $404,218 | $466,692 | $1,983,146 | $-62,474 |
| 2019 | $489,716 | $516,341 | $2,082,491 | $-26,625 |
| 2019 | $489,716 | $516,343 | $2,082,491 | $-26,627 |
| 2018 | $327,389 | $391,945 | $1,634,856 | $-64,556 |
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