BROOKLYN FREE SPACE INC (EIN 113147591) - 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

1978

Legal Domicile

Principal Officer

OI LING HU

Phone

7189653135

Tax Period

2023-07-01 to 2024-06-30

BROOKLYN FREE SPACE INC, founded in 1978, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

SEE PART III, LINE 1 ON NEXT PAGE.

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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 $705,482

Program Service Revenue $915,119

Investment Income $3,058

Other Revenue $2,404

TOTAL REVENUE $1,626,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,172,282

Fundraising Expenses $121,667

Program Expenses $1,164,501

Other Expenses $464,160

TOTAL EXPENSES $1,636,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,626,063	$1,715,705	-0.1%
Expenses	$1,636,442	$1,585,513	+0.0%
Net Income	$-10,379	$130,192	-1.1%

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
David Heales	Board Chair	1.00	Officer Director	$0	$0	$0
Amy Brito	Board Member	1.00	Director	$0	$0	$0
Junie Francois Pswarayi	Board Member	1.00	Director	$0	$0	$0
Rob Vurens Van Es	Board Member	1.00	Director	$0	$0	$0
Mark Buswinka	Board Member	1.00	Director	$0	$0	$0
Nate Martinez	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	No data	No data	No data	No data
2024	$1,626,063	$1,636,442	$1,368,871	$-10,379
2023	$1,715,705	$1,585,513	$1,325,728	$130,192
2022	$1,815,998	$1,427,099	$1,302,616	$388,899
2021	$1,282,833	$1,171,735	$1,034,452	$111,098
2020	$1,361,314	$1,330,953	$739,012	$30,361
2019	$1,317,686	$1,271,397	$684,737	$46,289
2019	$1,317,686	$1,271,397	$684,737	$46,289
2018	$1,530,664	$1,551,869	$547,048	$-21,205
2018	$1,241,308	$1,200,697	$600,643	$40,611

BROOKLYN FREE SPACE INC