GROUNDSWELL COMMUNITY MURAL PROJECTINC (EIN 113427213) - 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

1996

Legal Domicile

Principal Officer

YVONNE M BRATHWAITE

Phone

7182549782

Tax Period

2023-10-01 to 2024-09-30

GROUNDSWELL COMMUNITY MURAL PROJECTINC, founded in 1996, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

GROUNDSWELL IS NEW YORK CITY'S LEADING COMMUNITY PUBLIC ART ORGANIZATION, HAVING COMPLETED NEARLY 500 MURALS OVER THE COURSE OF A NEARLY 20-YEAR HISTORY. ANNUALLY, GROUNDSWELL ENGAGES NEARLY 800 UNDERSERVED, MARGINALIZED, AND ECONOMICALLY DISADVANTAGED YOUNG PEOPLE, PRIMARILY AGES 14-24, FROM NEW YORK'S MOST DIVERSE COMMUNITIES, IN OUR PUBLIC ARTMAKING PROGRAMS TO CREATE 50+ ANNUAL PUBLIC ART PROJECTS THAT BEAUTIFY NEIGHBORHOODS, ENGAGE YOUTH IN SOCIETAL AND PERSONAL TRANSFORMATION, AND GIVE EXPRESSION TO IDEAS AND PERSPECTIVES THAT ARE UNDERREPRESENTED IN THE PUBLIC DIALOGUE.

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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 $1,066,820

Program Service Revenue $283,698

Investment Income $18,897

Other Revenue $4,482

TOTAL REVENUE $1,373,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,064,320

Fundraising Expenses $206,014

Program Expenses $1,200,266

Other Expenses $587,079

TOTAL EXPENSES $1,651,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,373,897	$1,625,646	-0.2%
Expenses	$1,651,399	$1,977,901	-0.2%
Net Income	$-277,502	$-352,255	-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

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

$245,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEENDY FOURON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIK SCHURINK	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NIKKI SULLIVAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOIE JAGER-HYMAN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD C MADIGAN	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN MAILLARD	DIRECTOR	2.00	Director	$0	$0	$0
ZAHIRAH MCNATT	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH CHARSZENKO	DIRECTROR	2.00	Director	$0	$0	$0
MATTHEW HOPKINS	DIRECTOR	2.00	Director	$0	$0	$0
YVONNE MARTINEZ BRATHWAITE	EXECUTIVE DIRECTOR (FROM 9/24)	40.00	Officer	$0	$0	$0
MARY T AN	EXECUTIVE DIRECTOR (TO 10/23)	40.00	Officer	$148,768	$0	$148,768
ERICK KONCZYK	DIRECTOR OF FINANCE & OPERATIONS	40.00	Officer	$88,709	$1,550	$90,259
ROB KRULAK	CO-INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$6,480	$0	$6,480
AMY SANANMAN	CO-INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
KERRI GAWRYN	DIRECTOR OF DEVELOPMENT & COMMUNICATIONS	40.00	Highest	$102,499	$145	$102,644

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
2024	$1,373,897	$1,651,399	$966,804	$-277,502
2023	$1,625,646	$1,977,901	$1,368,486	$-352,255
2022	$1,940,724	$2,082,118	$1,645,033	$-141,394
2021	$1,836,456	$1,661,290	$2,078,030	$175,166
2020	$1,788,130	$1,631,757	$2,000,944	$156,373
2019	$1,253,737	$1,937,240	$1,616,712	$-683,503
2018	$1,970,351	$1,990,558	$2,349,456	$-20,207

GROUNDSWELL COMMUNITY MURAL PROJECTINC