CASITA MARIA INC

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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

1936

Legal Domicile

Principal Officer

FELIX URRUTIA

Phone

7185892230

Tax Period

2024-07-01 to 2025-06-30

CASITA MARIA INC, founded in 1936, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Expenses of $3.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

CASITA MARIA CREATES A SAFE AND WELCOMING COMMUNITY, ENRICHING AND UPLIFTING YOUTH AND FAMILIES TOWARDS SUCCESS, THROUGH SHARED CULTURAL, ART AND EDUCATIONAL EXPERIENCES AND PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $1,995,288 Revenue: $0

EDUCATION - AT CASITA MARIA, THE TRANSFORMATIVE POWER OF THE ARTS, EMBODIED IN THE DIVERSE CULTURAL TRADITIONS OF HUNTS POINT'S COMMUNITY, IS USED TO COUNTER THE IMPACT OF ECONOMIC DISADVANTAGE AND DIMINISHED ASPIRATIONS. CASITA MARIA'S PROGRAMS PROMOTE COMMUNITY PRIDE AND SOLIDARITY, AND ENCOURAGE YOUNG PEOPLE TO DEVELOP THEIR TALENTS AND REACH THEIR FULL POTENTIAL. IN OUR UNIQUE AFTER-SCHOOL AND SUMMER YOUTH PROGRAMS, OVER 1,000 K 12 STUDENTS WORK WITH SKILLED EDUCATORS AND TEACHING ARTISTS TO BUILD SKILLS IN DANCE, MUSIC, AND VISUAL ARTS WHILE CHANNELING ARTISTIC EXPRESSION INTO A TOOL FOR EXPLORING IDENTITY, QUESTIONING ASSUMPTIONS, AND DEVELOPING CRITICAL ACADEMIC AND SOCIAL SKILLS.

Program 2

Expenses: $564,624 Revenue: $0

ARTS - CASITA MARIA'S COMMUNITY ARTS PROGRAM PRODUCES PERFORMANCES AND EXHIBITIONS THAT CELEBRATE THE BRONX NEIGHBORHOOD'S LEGACY AS AN ARTISTIC CENTER THAT NURTURED LEGENDARY ARTISTS SUCH AS THE...

ARTS - CASITA MARIA'S COMMUNITY ARTS PROGRAM PRODUCES PERFORMANCES AND EXHIBITIONS THAT CELEBRATE THE BRONX NEIGHBORHOOD'S LEGACY AS AN ARTISTIC CENTER THAT NURTURED LEGENDARY ARTISTS SUCH AS THE LATE TITO PUENTE (A CASITA ALUMNUS) AND CULTURAL MOVEMENTS SUCH AS HIP HOP, AS WELL AS ITS ONGOING STATUS AS A CAPITAL OF LATINO CULTURE. OVER THE LAST YEAR, APPROXIMATELY 40,000 COMMUNITY MEMBERS HAVE ATTENDED EVENTS INCLUDING GALLERY EXHIBITIONS (WHICH INCLUDED AN EXHIBITION OF YOUNG CASITA ARTISTS) AND OUR ANNUAL SOUTH BRONX CULTURE TRAIL FESTIVAL.

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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 $2,677,249

Program Service Revenue $0

Investment Income $290

Other Revenue $-77,117

TOTAL REVENUE $2,600,422

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $2,037,728

Fundraising Expenses $389,555

Program Expenses $2,559,912

Other Expenses $1,289,781

TOTAL EXPENSES $3,342,509

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,600,422	$2,702,990	0.0%
Expenses	$3,342,509	$3,167,838	+0.1%
Net Income	$-742,087	$-464,848	+0.6%

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

$163,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE WELD DRAKE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BENIGNO RODRIGUEZ-CUBENAS	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GAUTAM PATEL	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE CORTON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN L BERNBACH	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA BOGRAD	DIRECTOR	1.00	Director	$0	$0	$0
SISSI FLEITAS	DIRECTOR	1.00	Director	$0	$0	$0
MIGUEL A FUENTES JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE GERBER KLEIN	DIRECTOR	1.00	Director	$0	$0	$0
ALBERTO MARIACA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MORAN	DIRECTOR	1.00	Director	$0	$0	$0
DARLYN PORTES	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS C QUICK	DIRECTOR	1.00	Director	$0	$0	$0
JEAN SHAFIROFF	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL L ZEIGLER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
FELIX URRUTIA	EXECUTIVE DIRECTOR	35.00	Officer	$153,812	$9,716	$163,528
GAIL HEIDEL	ARTISTIC DIRECTOR	35.00	Highest	$120,421	$11,400	$131,821

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	$2,600,422	$3,342,509	$11,747,940	$-742,087
2024	$2,702,990	$3,167,838	$12,363,543	$-464,848
2023	$3,332,682	$3,458,191	$12,777,590	$-125,509
2022	$2,771,445	$3,191,241	$13,047,190	$-419,796
2021	$2,836,883	$3,322,367	$13,757,435	$-485,484
2020	$3,000,906	$3,229,750	$13,968,559	$-228,844
2019	$2,528,462	$3,151,890	$13,858,907	$-623,428
2018	$2,553,537	$3,397,771	$14,475,977	$-844,234