SOCRATES SCULPTURE PARK INC (EIN 113066597) - 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

1986

Legal Domicile

Principal Officer

KATIE DIXON

Phone

7189561819

Tax Period

2024-01-01 to 2024-12-31

SOCRATES SCULPTURE PARK INC, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 71% operating deficit.

Mission

SOCRATES SCULPTURE PARK IS A COMMUNITY ENGAGED NEW YORK CITY WATERFRONT PARK DEDICATED TO SUPPORTING ARTISTS IN THE PRODUCTION AND PRESENTATION OF PUBLIC ART.

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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 $1,533,371

Program Service Revenue $12,841

Investment Income $57,673

Other Revenue $0

TOTAL REVENUE $1,603,885

Expense Breakdown

Grants Paid $66,753

Salaries & Benefits $1,486,110

Fundraising Expenses $378,974

Program Expenses $1,966,707

Other Expenses $1,186,647

TOTAL EXPENSES $2,739,510

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,603,885	$1,597,805	+0.0%
Expenses	$2,739,510	$1,891,364	+0.4%
Net Income	$-1,135,625	$-293,559	+2.9%

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

191

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

$235,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVANA MESTROVIC	PRESIDENT/TREASURER	7.00	Officer Director	$0	$0	$0
MICHELLE COFFEY	DIRECTOR	1.00	Director	$0	$0	$0
SUZY DELVALLE	DIRECTOR	1.00	Director	$0	$0	$0
AMY HAU	DIRECTOR	1.00	Director	$0	$0	$0
PATTON HINDLE	DIRECTOR	1.00	Director	$0	$0	$0
MALAIKA LANGA	DIRECTOR	1.00	Director	$0	$0	$0
DEIDREA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
NAT OPPENHEIMER	DIRECTOR	1.00	Director	$0	$0	$0
ALISON SAAR	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY STRONG	DIRECTOR	1.00	Director	$0	$0	$0
STUART MATCH SUNA	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE DIXON	EXECUTIVE DIRECTOR	40.00	Officer	$175,000	$40,628	$215,628
SHAUN LEONARDO	CO-EXECUTIVE DIRECTOR	32.00	Officer	$20,000	$0	$20,000

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	$1,603,885	$2,739,510	$1,802,868	$-1,135,625
2023	$1,597,805	$1,891,364	$2,926,273	$-293,559
2022	$1,339,934	$1,814,115	$3,184,516	$-474,181
2021	$2,618,350	$2,712,347	$3,645,679	$-93,997
2020	$1,201,186	$1,564,588	$3,820,139	$-363,402
2019	$1,559,852	$1,641,117	$4,091,149	$-81,265
2018	$2,788,015	$1,451,703	$4,181,493	$1,336,312

SOCRATES SCULPTURE PARK INC