LEHMAN COLLEGE CENTER FOR THE PERFORMING ARTS INC (EIN 133047056) - 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

1980

Legal Domicile

Principal Officer

MICHAEL J VOLPE

Phone

7189608490

Tax Period

2024-07-01 to 2025-06-30

LEHMAN COLLEGE CENTER FOR THE PERFORMING ARTS INC, founded in 1980, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE THE BRONX & SURROUNDING AREAS WITH ACCESS TO AFFORDABLE LOCAL, NATIONAL, & INTERNATIONAL PERFORMANCES THAT EDUCATE & CELEBRATE THE TRADITIONS OF A MULTI-CULTURAL COMMUNITY.

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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 $363,370

Program Service Revenue $2,125,067

Investment Income $11,846

Other Revenue $97,907

TOTAL REVENUE $2,598,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $954,787

Fundraising Expenses $145,664

Program Expenses $2,476,281

Other Expenses $1,958,487

TOTAL EXPENSES $2,913,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,598,190	$2,716,168	0.0%
Expenses	$2,913,274	$2,643,722	+0.1%
Net Income	$-315,084	$72,446	-5.3%

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

131

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

$672,755

Total Directors

$841,029

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEKERA A ALGARIN ESQ	BOARD MEMBER	0.50	Director	$0	$0	$0
DR FERNANDO DELGADO	BOARD MEMBER	0.50	Director	$0	$179,204	$541,965
DESIREE LASTER HAYES ESQ	BOARD MEMBER	0.50	Director	$0	$0	$0
DR BEVERLY RAUDALES	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREA ROCKOWER	TREASURER	10.00	Officer Director	$0	$0	$0
RENE ROTOLO	BOARD MEMBER	0.50	Director	$0	$98,887	$299,064
MAXIMILLIAN TUCCI	BOARD MEMBER	0.50	Director	$0	$0	$0
AMAURYS VALDEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL J VOLPE ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
DR VALERIE WASHINGTON	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY WEINBERG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CRISTINA N WOLFF CPA	BOARD MEMBER	0.50	Director	$0	$0	$0
DANTE ALBERTIE NON-VOTING	EXECUTIVE DIRECTOR	35.00	Officer	$0	$72,551	$219,416
TEMESGEN GEBREKIDAN NON-VOTING	AVP OF FINANCE, LEHMAN COLLEGE	0.50	Officer	$0	$80,065	$242,140
EVA BORNSTEIN NON-VOTING	EXECUTIVE DIRECTOR (THROUGH 10/16/25)	35.00	Officer	$0	$69,834	$211,199

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	$2,598,190	$2,913,274	$1,290,715	$-315,084
2024	No data	No data	No data	No data
2023	$2,094,916	$2,292,694	$1,407,773	$-197,778
2022	$3,237,558	$2,578,005	$1,664,153	$659,553
2021	$308,699	$378,257	$1,254,034	$-69,558
2020	$1,871,981	$1,814,954	$1,280,298	$57,027
2019	$2,283,426	$2,240,547	$1,065,696	$42,879
2018	$2,321,129	$2,454,482	$973,666	$-133,353

LEHMAN COLLEGE CENTER FOR THE PERFORMING ARTS INC