LIVING TRADITIONS INC (EIN 113193909) - 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

1993

Legal Domicile

Principal Officer

LYNETTE WOOD

Phone

7185416464

Tax Period

2024-07-01 to 2025-06-30

LIVING TRADITIONS INC, founded in 1993, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

LIVING TRADITIONS, INC. IS A MULTI-FACETED ARTS SPACE SHOWCASING EVOLVING FOLK AND TRADITIONAL MUSIC AND ART FROM NEW YORK CITY, THE AMERICAS, AND THE WORLD. OUR PROGRAMMING SUPPORTS ARTISTS, FOSTERS MUTI-GENERATIONAL COMMUNITY AND PROVIDES ENRICHMENT AND EDUCATION ABOUT OUR SHARED MUSICAL HERITAGE.

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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 $642,855

Program Service Revenue $601,581

Investment Income $1,513

Other Revenue $147,046

TOTAL REVENUE $1,392,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $745,130

Fundraising Expenses $131,695

Program Expenses $1,112,621

Other Expenses $641,835

TOTAL EXPENSES $1,386,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,392,995	$1,150,225	+0.2%
Expenses	$1,386,965	$1,295,119	+0.1%
Net Income	$6,030	$-144,894	-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

280

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

$106,303

Total Directors

$54,403

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNETTE WOOD	EXECUTIVE DI	40.00	Officer	$52,500	$0	$52,500
JULIA DEL PALACIO	PRESIDENT	2.00	Officer Director	$1,000	$0	$1,000
ESTHER LUCILLE POOSER	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CHAD DICKERSON	TREASURER	2.00	Officer Director	$0	$0	$0
ELI B SMITH	SECRETARY	30.00	Officer Director	$52,803	$0	$52,803
GEORGE FUCHS	TRUSTEE	2.00	Director	$0	$0	$0
ERNESTO GOMEZ	TRUSTEE	5.00	Director	$0	$0	$0
ANNIE KEATING	TRUSTEE	3.00	Director	$0	$0	$0
EVA PRIMACK	TRUSTEE	3.00	Director	$600	$0	$600
GEOFFREY WOOD	TRUSTEE	15.00	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	$1,392,995	$1,386,965	$439,493	$6,030
2024	No data	No data	No data	No data
2023	$1,078,791	$1,087,905	$583,944	$-9,114
2023	$1,079,899	$1,070,819	$268,311	$9,080
2022	$977,589	$781,318	$270,190	$196,271
2021	$468,555	$453,728	$187,700	$14,827
2020	$620,675	$601,339	$112,726	$19,336
2019	$640,801	$642,569	$10,864	$-1,768
2019	$639,016	$639,829	$8,996	$-813

LIVING TRADITIONS INC