THE 52ND STREET PROJECT INC (EIN 133467948) - 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

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

TO BRING TOGETHER KIDS FROM HELL'S KITCHEN WITH THEATER PROFESSIONALS TO CREATE ORIGINAL THEATER.

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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

$571,192

Key Employees

$218,545

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL OCHS	EXECUTIVE DIRECTOR	40.0	Officer Director	$134,179	$314,468	$448,647
JOHN SHEEHY	DIRECTOR OF DEVELOPMENT	40.0	Key Emp	$108,367	$110,178	$218,545
NATALIE HIRSCH	ARTISTIC DIRECTOR	40.0	Officer Director	$114,286	$8,259	$122,545
CATHY DANTCHIK	CO-CHAIR	1.0	Officer Director	$0	$0	$0
LOUIS P FRIEDMAN	CO-CHAIR	1.0	Officer Director	$0	$0	$0
NOEL MIHALOW	SECRETARY	1.0	Officer Director	$0	$0	$0
MARK WHATLEY	TREASURER	1.0	Officer Director	$0	$0	$0
STEPHEN GRAHAM	CHAIRPERSON EMERITUS	1.0	Director	$0	$0	$0
LISA BENAVIDES	BOARD MEMBER	1.0	Director	$0	$0	$0
RACHEL CHANOFF	BOARD MEMBER	1.0	Director	$0	$0	$0
BILLY CRUDUP	BOARD MEMBER	1.0	Director	$0	$0	$0
CAROLYN C DESENA	BOARD MEMBER	1.0	Director	$0	$0	$0
ROBERT GOLDBERG	BOARD MEMBER	1.0	Director	$0	$0	$0
ANNIE HAUSMANN	BOARD MEMBER	1.0	Director	$0	$0	$0
KOREY JACKSON	BOARD MEMBER	1.0	Director	$0	$0	$0
VALERIE KAY	AUDIT COMMITTEE CHAIR	1.0	Director	$0	$0	$0
MICAH KROEZE	BOARD MEMBER	1.0	Director	$0	$0	$0
MARGARET ODETTE	BOARD MEMBER	1.0	Director	$0	$0	$0
WILLIE REALE	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSE SOTO JR	BOARD MEMBER	1.0	Director	$0	$0	$0
WENDY VANDEN HEUVEL	BOARD MEMBER	1.0	Director	$0	$0	$0
ALEXANDRA VASSILAROS	BOARD MEMBER	1.0	Director	$0	$0	$0
Shirley Rumierk	Board Member	1.0	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	$1,841,788	$2,882,721	$17,755,774	$-1,040,933
2024	$1,055,298	$2,282,196	$18,365,672	$-1,226,898
2023	$1,185,880	$2,189,276	$18,633,380	$-1,003,396
2022	$1,663,574	$2,043,632	$17,109,852	$-380,058
2021	$2,422,608	$1,776,925	$18,912,558	$645,683
2020	$1,522,217	$2,253,846	$18,366,047	$-731,629
2019	$1,655,401	$2,281,980	$18,788,447	$-626,579
2018	$1,702,249	$2,216,746	$19,275,834	$-514,497

THE 52ND STREET PROJECT INC