NEW YORK ARTISTS EQUITY ASSN INC (EIN 133300462) - 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 GORMLEY

Phone

2125420292

Tax Period

2024-01-01 to 2024-12-31

NEW YORK ARTISTS EQUITY ASSN INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $707K in total revenue in fiscal year 2024. Revenue surged 256% from the prior year, signaling strong growth momentum. The organization ran a surplus of $476K, a strong 67% operating margin.

Mission

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

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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 $685,504

Program Service Revenue $-11,399

Investment Income $32,994

Other Revenue $62

TOTAL REVENUE $707,161

Expense Breakdown

Grants Paid $9,500

Salaries & Benefits $104,634

Fundraising Expenses $0

Program Expenses $192,855

Other Expenses $116,547

TOTAL EXPENSES $230,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$707,161	$198,551	+2.6%
Expenses	$230,681	$245,016	-0.1%
Net Income	$476,480	$-46,465	-11.3%

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

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

$95,359

Total Directors

$95,359

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GORMLEY	EXECUTIVE DI	40.00	Officer Director	$91,952	$3,407	$95,359
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
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
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

NEW YORK ARTISTS EQUITY ASSN INC