UNION SQUARE PARTNERSHIP 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

1979

Legal Domicile

Principal Officer

JULIE STEIN

Phone

2124601200

Tax Period

2023-07-01 to 2024-06-30

UNION SQUARE PARTNERSHIP INC, founded in 1979, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $491K, a strong 49% operating margin.

Mission

THE UNION SQUARE PARTNERSHIP, INC. IS A LEADING ADVOCATE FOR ECONOMIC GROWTH IN THE UNION SQUARE-14TH STREET NEIGHBORHOOD, WORKING COLLABORATIVELY WITH AREA BUSINESSES, RESIDENTS AND CULTURAL AND ACADEMIC INSTITUTIONS TO ENSURE THE DISTRICT'S CONTINUED SUCCESS. OUR PROGRAMS INCLUDE ECONOMIC DEVELOPMENT AND MARKETING SERVICES AND EVENT AND EDUCATION PROGRAMMING AND WE INVEST IN THE BEAUTIFICATION AND MAINTENANCE OF UNION SQUARE PARK, THE DISTRICT'S CROWN JEWEL. OUR MISSION IS TO PROMOTE AND ENHANCE THE QUALITY OF LIFE IN THE NEIGHBORHOOD THROUGH OUR PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $359,060

-UNION SQUARE PARK MAINTENANCE - TO PROVIDE GARDENING SERVICES AND GENERAL MAINTENANCE, PROVIDING EQUIPMENT AND SUPPLIES FOR A PUBLIC PARK. -MARKETING & PROMOTIONAL - PROVIDES FREE PROGRAMMING AND...

-UNION SQUARE PARK MAINTENANCE - TO PROVIDE GARDENING SERVICES AND GENERAL MAINTENANCE, PROVIDING EQUIPMENT AND SUPPLIES FOR A PUBLIC PARK. -MARKETING & PROMOTIONAL - PROVIDES FREE PROGRAMMING AND EVENTS IN UNION SQUARE PARK AND OTHER AREAS WITHIN THE DISTRICT. CREATES A HOST OF MARKETING MATERIALS PROMOTING THE DISTRICT.-UNION SQUARE PARK RESTORATION - TO PROVIDE CAPITAL IMPROVEMENTS TO PUBLIC PARK FACILITIES AVAILABLE TO THE GENERAL PUBLIC.

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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 $986,412

Program Service Revenue $0

Investment Income $14,914

Other Revenue $0

TOTAL REVENUE $1,001,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $334,725

Fundraising Expenses $54,959

Program Expenses $359,060

Other Expenses $176,064

TOTAL EXPENSES $510,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,001,326	$410,893	+1.4%
Expenses	$510,789	$626,150	-0.2%
Net Income	$490,537	$-215,257	-3.3%

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

N/A

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

$261,021

Total Directors

Key Employees

$238,792

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM D ABRAMSON	CHAIR	0.50	Officer Director	$0	$0	$0
NICHOLAS HAINES	TREASURER	0.50	Officer Director	$0	$0	$0
JORDAN BRACKETT	SECRETARY	0.50	Officer Director	$0	$0	$0
GADI PELEG	DIRECTOR	0.50	Director	$0	$0	$0
HERB STRENG	DIRECTOR	0.50	Director	$0	$0	$0
JENNY CONRAD	DIRECTOR	0.50	Director	$0	$0	$0
JEREMY SNEPAR	DIRECTOR	0.50	Director	$0	$0	$0
KEN GIDDON	DIRECTOR	0.50	Director	$0	$0	$0
LUCA DI PIETRO	DIRECTOR	0.50	Director	$0	$0	$0
MELANIE HART	DIRECTOR	0.50	Director	$0	$0	$0
SALIL MEHTA	DIRECTOR	0.50	Director	$0	$0	$0
ZACHARY BLANK	DIRECTOR	0.50	Director	$0	$0	$0
JULIE STEIN	EXECUTIVE DIRECTOR	5.00	Officer	$0	$2,856	$106,702
JENNIFER FALK	EXECUTIVE DIRECTOR (FORMER)	5.00	Officer	$0	$50,834	$154,319
EDWARD L JANOFF	DEPUTY DIRECTOR	5.00	Key Emp	$0	$34,850	$238,792
THOMAS DIRUSSO	DIRECTOR OF OPERATIONS	5.00	Highest	$0	$7,046	$141,554
TALI CANTOR	DIRECTOR OF PLANNING	5.00	Highest	$0	$46,923	$153,039

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	$1,001,326	$510,789	$1,027,095	$490,537
2023	$410,893	$626,150	$700,128	$-215,257
2022	$508,192	$680,841	$838,580	$-172,649
2021	$126,970	$339,849	$828,987	$-212,879
2020	$570,709	$764,442	$1,298,314	$-193,733
2019	$1,101,416	$1,115,221	$1,437,013	$-13,805
2018	$917,554	$709,033	$1,285,637	$208,521