260 PARK AVENUE REALTY CORP (EIN 132573734) - 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

1966

Legal Domicile

Principal Officer

MICHAEL MULGREW

Phone

2127777500

Tax Period

2023-08-01 to 2024-07-31

260 PARK AVENUE REALTY CORP, founded in 1966, is a micro nonprofit that reported $17 in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $41K exceeded revenue, resulting in a 239500% operating deficit.

Mission

TO ACQUIRE AND OPERATE REAL PROPERTY LOCATED AT 260 PARK AVENUE, NEW YORK, NY, ON BEHALF OF THE UNITED FEDERATION OF TEACHERS.

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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 $0

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $17

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $40,732

TOTAL EXPENSES $40,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17	$11	+0.5%
Expenses	$40,732	$32,233	+0.3%
Net Income	$-40,715	$-32,222	+0.3%

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

N/A

Employees

N/A

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

$1,008,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MULGREW	PRESIDENT	1.00	Officer	$0	$71,721	$414,720
DEBRA PENNY	FORMER TREASURER	1.00	Officer	$0	$28,048	$171,995
LEROY BARR	SECRETARY	1.00	Officer	$0	$63,526	$301,241
VICTORIA LEE	TREASURER	1.00	Officer	$0	$23,826	$120,994

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	$17	$40,732	$41,241,211	$-40,715
2023	$11	$32,233	$41,242,533	$-32,222
2022	$1	$34,903	$41,243,207	$-34,902
2021	$1	$37,108	$41,251,280	$-37,107
2020	$2	$39,463	$41,243,446	$-39,461
2019	$3	$42,358	$41,242,680	$-42,355
2018	$1	$43,123	$41,242,987	$-43,122

260 PARK AVENUE REALTY CORP