NEW YORK OPEN CENTER INC (EIN 133152374) - 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

1983

Legal Domicile

Principal Officer

ROSS GUTTLER

Phone

2122192527

Tax Period

2020-01-01 to 2020-12-31

NEW YORK OPEN CENTER INC, founded in 1983, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2020. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE NEW YORK OPEN CENTER IS AN LEARNING AND CULTURAL CENTER OFFERING PROGRAMS INTENDED TO HEAL THE BODY, NOURISH THE SOUL AND AWAKEN THE SPIRIT. IT AIMS TO SERVE AS A FOCAL POINT FOR HOLISTIC THOUGHT AND PRACTICE IN THE HEART OF NYC.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,465,739

Program Service Revenue $1,451,692

Investment Income $-881,243

Other Revenue $51,688

TOTAL REVENUE $2,087,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $995,352

Fundraising Expenses $339

Program Expenses $1,877,859

Other Expenses $1,551,363

TOTAL EXPENSES $2,546,715

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,087,876	$2,936,848	-0.3%
Expenses	$2,546,715	$3,321,989	-0.2%
Net Income	$-458,839	$-385,141	+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

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

$168,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER BEEBE	CHAIRMAN	N/A	Director	$0	$0	$0
JOHN D MILLER	TREASURER	N/A	Officer Director	$0	$0	$0
JOEL BLUESTEIN	DIRECTOR	N/A	Director	$0	$0	$0
JEFFREY L GITTERMAN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL L HORST	DIRECTOR	N/A	Director	$0	$0	$0
ROSS GUTTLER	PRESIDENT	40.00	Officer	$168,655	$0	$168,655

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
2020	$2,087,876	$2,546,715	$182,662	$-458,839
2019	$2,936,848	$3,321,989	$909,716	$-385,141
2018	$3,072,791	$3,217,482	$1,181,818	$-144,691

NEW YORK OPEN CENTER INC