BROOKLYN ARTS EXCHANGE INC (EIN 113071458) - 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

1991

Legal Domicile

Principal Officer

VANESSA ADATO

Phone

7188320018

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN ARTS EXCHANGE INC, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $2.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

BAX/BROOKLYN ARTS EXCHANGE IS A MULTIGENERATIONAL ARTS ORGANIZATION NURTURING CREATIVE EXPRESSION AND ARTISTIC PROCESS THROUGH EDUCATION, RESIDENCIES, AND PERFORMANCE AT THE INTERSECTION OF ARTS AND SOCIAL JUSTICE.

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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 $1,054,239

Program Service Revenue $583,133

Investment Income $15,729

Other Revenue $255,325

TOTAL REVENUE $1,908,426

Expense Breakdown

Grants Paid $78,292

Salaries & Benefits $1,177,405

Fundraising Expenses $70,539

Program Expenses $1,855,951

Other Expenses $894,650

TOTAL EXPENSES $2,150,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,908,426	$2,310,787	-0.2%
Expenses	$2,150,347	$2,343,444	-0.1%
Net Income	$-241,921	$-32,657	+6.4%

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

$307,069

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA ADATO	CO-EXECUTIVE DIRECTOR, FINANCE & OPERATIONS (SINCE 10/1/2024)	40.00	Officer	$91,749	$15,550	$107,299
LUCIA SCHECKNER	CO-EXECUTIVE DIRECTOR, EDUCATION	40.00	Officer	$100,754	$0	$100,754
MARLENE RAMIREZ-CANCIO	CO-EXECUTIVE DIRECTOR/ARTISTIC DIRECTOR (SINCE 10/1/2024)	40.00	Officer	$95,816	$3,200	$99,016
GEORGE EMILIO SANCHEZ	BOARD MEMBER (EX-OFFICIO)	1.00	Director	$12,000	$0	$12,000
RAINE MARTIN	CO-CHAIR/TREASURER	1.00	Officer Director	$0	$0	$0
LESLIE WEBER	CO-CHAIR	1.00	Officer Director	$0	$0	$0
AMY SUMNER	SECRETARY	1.00	Officer Director	$0	$0	$0
REBECCA CARDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE HOLZKA PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR M BROWN	BOARD MEMBER (RESIGNED JUNE 2025)	1.00	Director	$0	$0	$0
OLIVER FEIN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMENA MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA PALMER	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANA VALENCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
ZOHREH AHMAD AIA	BOARD MEMBER	1.00	Director	$0	$0	$0
MAIA WECHSLER	BOARD MEMBER	1.00	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	$1,908,426	$2,150,347	$4,746,891	$-241,921
2024	$2,310,787	$2,343,444	$4,416,041	$-32,657
2023	$2,741,188	$1,847,712	$4,495,296	$893,476
2022	$2,331,086	$1,682,182	$1,051,450	$648,904
2021	$1,119,888	$1,195,744	$512,604	$-75,856
2020	$1,378,168	$1,348,041	$446,171	$30,127
2019	$1,579,402	$1,512,202	$357,251	$67,200

BROOKLYN ARTS EXCHANGE INC