PUPPETRY IN PRACTICE INC (EIN 113228052) - 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

1994

Legal Domicile

Principal Officer

BORUCH ACKERMAN

Phone

7189514240

Tax Period

2023-07-01 to 2024-06-30

PUPPETRY IN PRACTICE INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $531K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

Puppety in Practice (PIP) is committed to using the arts as a lens through which students experience, learn from, and appreciate the world's rich cultural history. PIP's mission is expressed through its direct services in New York City schools and communities and its focus on literacy through the arts. Its Puppetry Center, housed at Brooklyn College, serves teachers and students. It provides direct services in a variety of languages.

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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 $90,488

Program Service Revenue $440,255

Investment Income $0

Other Revenue $0

TOTAL REVENUE $530,743

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $414,908

Fundraising Expenses $0

Program Expenses $419,599

Other Expenses $45,565

TOTAL EXPENSES $560,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,743	$581,702	-0.1%
Expenses	$560,473	$492,758	+0.1%
Net Income	$-29,730	$88,944	-1.3%

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

$29,000

Total Directors

$29,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BORUCH ACKERMAN	President	40.00	Officer Director	$0	$0	$29,000
RIVKA R MANDELBAUM	Secretary-Treasurer	0.00	Officer Director	$0	$0	$0
ALAN SIEGEL	Director	0.00	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	$530,743	$560,473	$693,400	$-29,730
2023	$581,702	$492,758	$732,124	$88,944
2022	$773,871	$489,229	$641,880	$284,642
2021	$323,427	$369,365	$424,856	$-45,938
2020	$395,160	$413,471	$463,294	$-18,311
2019	$290,894	$1,163,831	$416,487	$-872,937
2018	$411,233	$352,483	$1,282,763	$58,750

PUPPETRY IN PRACTICE INC