THE ONE EAST SIXTIETH STREET HISTO… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

EDGAR HAUG

Phone

2122778508

Tax Period

2023-01-01 to 2023-12-31

THE ONE EAST SIXTIETH STREET HISTORICAL FOUNDATION, founded in 1984, is a small nonprofit that reported $783K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.9M exceeded revenue, resulting in a 147% operating deficit.

Mission

RESTORATION OF THE EXTERIOR FACADE OF THE BUILDING AT ONE EAST SIXTIETH STREET IN THE CITY OF NEW YORK WHICH HAS BEEN DESIGNATED AS A LANDMARK BY THE NEW YORK CITY LANDMARKS PRESERVATION COMMISSION.

Program Service Accomplishments

Program 1

Expenses: $1,854,050

RESTORATION OF THE EXTERIOR FACADE OF THE BUILDING AT ONE EAST SIXTIETH STREET IN THE CITY OF NEW YORK WHICH HAS BEEN DESIGNATED AS A LANDMARK BY THE NEW YORK CITY LANDMARKS PRESERVATION COMMISSION.

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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 $778,394

Program Service Revenue $0

Investment Income $1,597

Other Revenue $2,747

TOTAL REVENUE $782,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,000

Fundraising Expenses $0

Program Expenses $1,854,050

Other Expenses $1,923,067

TOTAL EXPENSES $1,932,067

Year-over-Year Comparison

	2023	2022	Change
Revenue	$782,738	$702,661	+0.1%
Expenses	$1,932,067	$104,752	+17.4%
Net Income	$-1,149,329	$597,909	-2.9%

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

Total Directors

$9,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDGAR HAUG	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONALD PHILIPS	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP J MICHAELS	TRUSTEE	1.00	Director	$4,500	$0	$4,500
GUY GEIER	TRUSTEE	1.00	Director	$4,500	$0	$4,500
GREG O'CONNELL	TRUSTEE	1.00	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	$782,738	$1,932,067	$358,324	$-1,149,329
2022	$702,661	$104,752	$997,775	$597,909
2021	$678,572	$634,978	$410,686	$43,594
2020	$653,180	$1,108,515	$357,454	$-455,335
2019	$647,156	$828,447	$819,342	$-181,291
2018	$651,404	$905,526	$988,436	$-254,122

THE ONE EAST SIXTIETH STREET HISTORICAL FOUNDATION