DOWNTOWN ART CO (EIN 133465285) - 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

1988

Legal Domicile

Principal Officer

Michael Hickey

Phone

9175876889

Tax Period

2022-07-01 to 2023-06-30

DOWNTOWN ART CO, founded in 1988, is a micro nonprofit that reported $55K in total revenue in fiscal year 2022. Expenses of $71K exceeded revenue, resulting in a 29% operating deficit.

Mission

Downtown Art provides affordable space for cultural programming with a strong focus on serving our local community, the Lower East Side neighborhood 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 (2022)

Revenue Breakdown

Contributions & Grants $14,000

Program Service Revenue $41,457

Investment Income $5

Other Revenue $0

TOTAL REVENUE $55,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,370

Other Expenses $71,370

TOTAL EXPENSES $71,370

Year-over-Year Comparison

	2022	2021	Change
Revenue	$55,462	$54,839	+0.0%
Expenses	$71,370	$50,861	+0.4%
Net Income	$-15,908	$3,978	-5.0%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan Gilliam	Treasurer	1	Officer Director	$0	$0	$0
Michael Hickey	President	1	Officer Director	$0	$0	$0
Dakota Scott	Secretary	1	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$55,462	$71,370	$5,726,830	$-15,908
2022	$54,839	$50,861	$5,747,738	$3,978
2021	$96,639	$59,464	$5,759,760	$37,175
2020	$69,463	$70,274	$5,737,295	$-811
2019	$81,371	$76,236	$5,735,012	$5,135
2018	$102,962	$94,707	$5,732,532	$8,255

DOWNTOWN ART CO