CONEY ISLAND USA (EIN 133215645) - 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

James Fitzsimmons

Phone

7188603502

Tax Period

2023-01-01 to 2023-12-31

CONEY ISLAND USA, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $672K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Net assets of $5.4M represent 97 months of operating reserves.

Mission

DEFEND THE HONOR OF AMERICAN POPULAR CULTURE THROUGH INNOVATIVE EXHIBITIONS AND PERFORMANCES. CIUSA OPERATES A MULTI-ARTS CENTER OFFERING MUSEUM AND THEATER PROGRAMMING.

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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 $172,216

Program Service Revenue $490,379

Investment Income $95

Other Revenue $9,126

TOTAL REVENUE $671,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $504,788

Fundraising Expenses $63,634

Program Expenses $548,290

Other Expenses $222,266

TOTAL EXPENSES $727,054

Year-over-Year Comparison

	2023	2022	Change
Revenue	$671,816	$795,730	-0.2%
Expenses	$727,054	$877,722	-0.2%
Net Income	$-55,238	$-81,992	-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

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

$130,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Rinn	Artistic Director	40	Officer	$72,287	$0	$72,287
James Fitzsimmons	Executive Director	40	Officer	$58,500	$0	$58,500
Kate Dale	Director	0	Director	$0	$0	$0
RICHARD HIMES	Director	0	Director	$0	$0	$0
Lisa Schaefer	Director	0	Director	$0	$0	$0
Jeffery Birnbaum	Chairman of the Board	0	Director	$0	$0	$0

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	$671,816	$727,054	$5,413,961	$-55,238
2022	$795,730	$877,722	$5,469,199	$-81,992
2021	$966,468	$866,311	$5,551,191	$100,157
2020	$314,918	$282,800	$5,557,596	$32,118
2019	$944,768	$626,557	$5,525,478	$318,211
2018	$929,618	$836,211	$6,209,257	$93,407

CONEY ISLAND USA