New York City Love Kitchen 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

1990

Legal Domicile

Principal Officer

Walter Sotelo

Phone

2129424204

Tax Period

2023-01-01 to 2023-12-31

New York City Love Kitchen Inc, founded in 1990, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

The NYC Love Kitchen, located in the Inwood neighborhood of Upper Manhattan, serves people in need with freshly cooked meals, an emergency food pantry, and referrals to community services.

Program Service Accomplishments

Program 1

Expenses: $1,040,369 Revenue: $1,048,484

Food program

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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 $1,048,483

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,048,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,084

Fundraising Expenses $13,936

Program Expenses $1,040,369

Other Expenses $898,284

TOTAL EXPENSES $1,040,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,048,483	$1,025,507	+0.0%
Expenses	$1,040,368	$734,224	+0.4%
Net Income	$8,115	$291,283	-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

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
Walter Sotelo	Chairman	020.00	Officer Director	$0	$0	$0
Lawrence Klar	Vice President	005.00	Officer Director	$0	$0	$0
Simon Babba	Treasurer	005.00	Officer Director	$0	$0	$0
David Hendrickson	Board Member	005.00	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
2024	No data	No data	No data	No data
2023	$1,048,483	$1,040,368	$361,462	$8,115
2022	$1,025,507	$734,224	$364,020	$291,283
2022	$582,112	$290,829	$364,020	$291,283