THE 52ND STREET PROJECT INC

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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

1981

Legal Domicile

Principal Officer

Carol Ochs

Phone

2123335252

Tax Period

2024-07-01 to 2025-06-30

THE 52ND STREET PROJECT INC, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 57% operating deficit.

Mission

The mission of The 52nd Street Project, a community-based arts organization, is to bring together young people from Hell's Kitchen in Manhattan, starting at age ten and lasting through their teens, with theater professionals to create original theater offered free to the general public. By building on the core experience of accomplishment and collaboration, the Project fosters a sense of inclusion in a place where the children belong and where their creative work is the driving force. Through long-term mentoring relationships and exposure to diverse art forms (including Poetry, Photography, Theatrical Design, Dance, and Filmmaking), the Project seeks to expand the children's means of expression and to improve their literacy, their life skills, and their attitude towards learning.

Program Service Accomplishments

Program 1

Expenses: $2,186,915 Revenue: $211,340

The Project produced 17 performances in our theater across 9 productions; engaging 115 young people, aged 9 to 18, in our innovative writing and performance programs. Additionally, 180 arts and...

The Project produced 17 performances in our theater across 9 productions; engaging 115 young people, aged 9 to 18, in our innovative writing and performance programs. Additionally, 180 arts and education professionals volunteered their time and talents to support our young people by volunteering as actors, writers, directors, technical designers, tutors, and mentors. 1,860 audience members attended our performances in person at our Five Angels Theatre. 29 Project Member alumni were enrolled in postsecondary education and received scholarships from our Ron Black Memorial Scholarship Fund. In spring 2025, we conducted the first round of our Creative Group Therapy program with seven 5th and 6th grade girls, led by Liz Bell, our Clinical Consultant and a L.C.S.W. This program was a six-session group therapy program that focused on how to approach stress, anxiety, and emotions. In addition to group discussions, this program applied improvisation, theatre games, mindfulness, and meditation as tools for building self-awareness and the ability to regulate in the face of anxiety. In FY25, we ran our Playmaking at P.S.111 program in the Fall and Spring and engaged a total of 51 4th graders. The Project began this partnership in January 2023, in response to an influx of students in the school from migrant families that were sent to our city (and our neighborhood) by outside states. The success of this program has strengthened our relationship with P.S. 111 and allows us to make connections with young people who we think could benefit from our programs. In the Spring session, we engaged a group of 4th graders that spoke many different languages. Staff who ran this program did their best to create a meaningful experience for each young person - and during the public sharing of the 4th grader's monologues, we were proud to have a cast of actors that performed in English, Spanish, French, and Arabic.

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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 $1,191,408

Program Service Revenue $211,340

Investment Income $430,058

Other Revenue $8,982

TOTAL REVENUE $1,841,788

Expense Breakdown

Grants Paid $25,500

Salaries & Benefits $1,718,168

Fundraising Expenses $277,975

Program Expenses $2,186,915

Other Expenses $1,139,053

TOTAL EXPENSES $2,882,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,841,788	$1,055,298	+0.7%
Expenses	$2,882,721	$2,282,196	+0.3%
Net Income	$-1,040,933	$-1,226,898	-0.2%

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

$571,192

Total Directors