NEW YORK ARTISTS EQUITY ASSN INC

EIN: 133300462 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$180,275
Total Expenses
$305,363
Total Assets
$736,235
Net Assets
$734,322
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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
NY
Principal Officer
MICHAEL GORMLEY
Phone
2125420292
Tax Period
2025-01-01 to 2025-12-31

NEW YORK ARTISTS EQUITY ASSN INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $180K in total revenue in fiscal year 2025. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $305K exceeded revenue, resulting in a 69% operating deficit.

Mission

THE ORGANIZATION PROMOTES OPPORTUNITIES FOR ARTISTS THROUGH ITS ART GALLERY, PROGRAMMING AND ONLINE RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $260,516 Revenue: $13,815

THE ORGANIZATION PROMOTES OPPORTUNITIES FOR ARTISTS THROUGH (1) EQUITY GALLERY, AN ART GALLERY LOCATED IN NEW YORK CITY, WHICH OPENED IN OCTOBER 2015, (2) PROGRAMMING, INCLUDING PROFESSIONAL...

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THE ORGANIZATION PROMOTES OPPORTUNITIES FOR ARTISTS THROUGH (1) EQUITY GALLERY, AN ART GALLERY LOCATED IN NEW YORK CITY, WHICH OPENED IN OCTOBER 2015, (2) PROGRAMMING, INCLUDING PROFESSIONAL DEVELOPMENT WORKSHOPS, AND (3) ONLINE RESOURCES, INCLUDING EXHIBITION AND GRANT OPPORTUNITIES, AND INFORMATION ON LEGAL AND LEGISLATIVE ISSUES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $133,437
Program Service Revenue $13,815
Investment Income $32,770
Other Revenue $253
TOTAL REVENUE $180,275

Expense Breakdown

Grants Paid $19,000
Salaries & Benefits $125,874
Fundraising Expenses $6,024
Program Expenses $260,516
Other Expenses $160,489
TOTAL EXPENSES $305,363

Year-over-Year Comparison

2025 2024 Change
Revenue $180,275 $707,161 -0.7%
Expenses $305,363 $230,681 +0.3%
Net Income $-125,088 $476,480 -1.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
1
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
1
$117,097
Total Directors
9
$117,097
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GORMLEY EXECUTIVE DI 40.00
Officer Director
$111,219 $5,878 $117,097
SAVONA BAILY-MCCLAIN DIRECTOR 1.00
Director
$0 $0 $0
ALAIYO BRADSHAW DIRECTOR 1.00
Director
$0 $0 $0
MIGUEL OTERO FUENTES DIRECTOR 1.00
Director
$0 $0 $0
KRISTIN KUNC TREASURER 1.00
Director
$0 $0 $0
MATT ROTA CHAIR 1.00
Director
$0 $0 $0
CHARLOTTE SEARS SECRETARY 1.00
Director
$0 $0 $0
ULYSSES WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
SIYAN WONG DIRECTOR 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
2025 $180,275 $305,363 $736,235 $-125,088
2024 $707,161 $230,681 $809,360 $476,480
2023 $198,551 $245,016 $323,795 $-46,465
2022 $212,313 $217,284 $343,377 $-4,971
2021 $159,276 $188,897 $372,984 $-29,621
2020 $212,485 $176,841 $389,936 $35,644
2019 $259,366 $186,783 $339,031 $72,583
2018 $260,665 $169,779 $248,352 $90,886
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