BUILDING FOR THE ARTS NY INC (EIN 132852371) - 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

1977

Legal Domicile

Principal Officer

KEN SHILLINGFORD

Phone

2126954242

Tax Period

2023-01-01 to 2023-12-31

BUILDING FOR THE ARTS NY INC, founded in 1977, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO EXPAND ACCESS TO THE PERFORMING ARTS BY PROVIDING CREATIVE SPACE, LEARNING OPPORTUNITIES AND HUBS FOR ARTISTIC CONNECTION.

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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 $1,448,834

Program Service Revenue $2,488,430

Investment Income $23,687

Other Revenue $0

TOTAL REVENUE $3,960,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,151,305

Fundraising Expenses $534,928

Program Expenses $4,011,966

Other Expenses $2,282,151

TOTAL EXPENSES $5,433,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,960,951	$3,122,225	+0.3%
Expenses	$5,433,456	$5,018,137	+0.1%
Net Income	$-1,472,505	$-1,895,912	-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

$275,838

Total Directors

$681,838

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY A HORWITZ	CHAIR	1.00	Officer Director	$0	$0	$0
CARMEN BOWSER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOYCE STORM	TREASURER	1.00	Officer Director	$0	$0	$0
ZACHARY E SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
BRUCE GEISMAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW D HAMINGSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MIRIAM HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BAR KATZ	BOARD MEMBER	40.00	Director Highest	$356,000	$0	$356,000
LYDIA KNOTOS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID J ROBERTS	PRESIDENT	40.00	Officer Director Highest	$275,838	$0	$275,838
WENDY ROWDEN	PRESIDENT EMERITA	1.00	Director	$0	$0	$50,000
SARAH P SHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN SHILLINGFORD	DIRECTOR OF FINANCE	40.00	Highest	$179,891	$0	$179,891
LISALA BEATTY	DIRECTOR OF MUSIC & THE BRAIN	40.00	Highest	$142,500	$0	$142,500
NICOLE GARDNER	Director of Advancement	40.00	Highest	$133,723	$0	$133,723
CIERRA CASS	DIRECTOR OF THEATRE OPERATIONS	40.00	Highest	$114,707	$0	$114,707

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	No data	No data	No data	No data
2023	$3,960,951	$5,433,456	$27,988,097	$-1,472,505
2022	$3,122,225	$5,018,137	$27,835,368	$-1,895,912
2021	$6,152,789	$3,925,211	$30,117,228	$2,227,578
2020	$1,929,123	$3,103,326	$27,555,099	$-1,174,203
2019	$4,497,597	$3,696,391	$28,324,929	$801,206
2018	$4,251,421	$3,182,675	$26,338,296	$1,068,746

BUILDING FOR THE ARTS NY INC