BAM ENDOWMENT TRUST

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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

1992

Legal Domicile

Principal Officer

JENNIFER ANGLADE

Phone

7186364110

Tax Period

2024-07-01 to 2025-06-30

BAM ENDOWMENT TRUST, founded in 1992, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $15.1M exceeded revenue, resulting in a 105% operating deficit.

Mission

THE BAM ENDOWMENT TRUST OPERATES EXCLUSIVELY FOR THE BENEFIT OF THE BROOKLYN ACADEMY OF MUSIC, INC.

Program Service Accomplishments

Program 1

Expenses: $14,540,975

THE DISTRIBUTION TO BROOKLYN ACADEMY OF MUSIC (BAM) ENABLES THIS 160-YEAR-OLD MULTI-ARTS ORGANIZATION TO CONTINUE TO BE THE HOME FOR CURIOUS PEOPLE AND ADVENTUROUS IDEAS. BAM SUPPORTS ARTISTIC...

THE DISTRIBUTION TO BROOKLYN ACADEMY OF MUSIC (BAM) ENABLES THIS 160-YEAR-OLD MULTI-ARTS ORGANIZATION TO CONTINUE TO BE THE HOME FOR CURIOUS PEOPLE AND ADVENTUROUS IDEAS. BAM SUPPORTS ARTISTIC EXPERIMENTATION AND CHAMPIONS INCLUSION AND ACCESSIBILITY THROUGHOUT THE ARTS AS PRESENTER, ACTIVATOR, AND CONNECTOR. THE DISTRIBUTION PROVIDES CRUCIAL SUPPORT, WHICH MAKES POSSIBLE ALL OF BAM'S WORLD-RENOWNED PROGRAMMING IN THEATER, DANCE, MUSIC, OPERA, FILM AND MUCH MORE. IT ENABLES BAM TO SHOWCASE THE WORK OF EMERGING ARTISTS AND INNOVATIVE MODERN ARTISTS.

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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 $69,980

Program Service Revenue $0

Investment Income $7,327,979

Other Revenue $0

TOTAL REVENUE $7,397,959

Expense Breakdown

Grants Paid $14,540,975

Salaries & Benefits $0

Fundraising Expenses $125,000

Program Expenses $14,540,975

Other Expenses $603,844

TOTAL EXPENSES $15,144,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,397,959	$4,297,390	+0.7%
Expenses	$15,144,819	$13,459,572	+0.1%
Net Income	$-7,746,860	$-9,162,182	-0.2%

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

N/A

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

$395,807

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN H FISHMAN	TRUSTEE	0.50	Director	$0	$0	$0
ALBERTO SANCHEZ	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH HOLTZMAN	TRUSTEE	0.50	Director	$0	$0	$0
GABRIEL PIZZI	CHAIR	5.00	Officer Director	$0	$0	$0
JAMES MCLAREN	TRUSTEE	0.50	Director	$0	$0	$0
JENNIFER KOPYLOV	TRUSTEE	0.50	Director	$0	$0	$0
MARCEL PRZYMUSINSKI	TRUSTEE	0.50	Director	$0	$0	$0
R EDWARD SPILKA	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT MCDONALD	TRUSTEE	0.50	Director	$0	$0	$0
STEVEN G FELSHER	TRUSTEE	0.50	Director	$0	$0	$0
TIMOTHY SEBUNYA	TRUSTEE	0.50	Director	$0	$0	$0
JENNIFER ANGLADE	TREASURER	5.00	Officer	$0	$57,693	$395,807

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	$7,397,959	$15,144,819	$81,894,285	$-7,746,860
2024	No data	No data	No data	No data
2023	$1,418,152	$12,639,570	$91,883,280	$-11,221,418
2022	$5,021,275	$5,353,070	$93,445,467	$-331,795
2021	$5,566,840	$8,215,379	$106,959,115	$-2,648,539
2020	$1,747,845	$10,206,048	$92,803,010	$-8,458,203
2019	$2,937,748	$4,982,850	$101,180,760	$-2,045,102
2018	$8,294,486	$8,123,627	$99,876,442	$170,859