Open Channels New York Inc dba Dixon Place (EIN 133486263) - 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

1986

Legal Domicile

Principal Officer

Eleanor Covan

Phone

2122190736

Tax Period

2023-01-01 to 2023-12-31

Open Channels New York Inc dba Dixon Place, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $579K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $855K exceeded revenue, resulting in a 48% operating deficit.

Mission

To foster, promote and advance greater knowledge, understanding and appreciation of the performing and literary arts, including theater, dance, puppetry, music, spoken word, and multimedia presentations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $329,206

Program Service Revenue $152,044

Investment Income $5,849

Other Revenue $91,562

TOTAL REVENUE $578,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,015

Fundraising Expenses $84,152

Program Expenses $652,239

Other Expenses $611,114

TOTAL EXPENSES $855,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$578,661	$801,997	-0.3%
Expenses	$855,129	$717,004	+0.2%
Net Income	$-276,468	$84,993	-4.3%

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

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

$74,695

Total Directors

$74,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eleanor Covan	Secretary/Treas	40.00	Officer Director	$69,167	$5,528	$74,695
Sangeeta Yesley	Director	3.00	Director	$0	$0	$0
Tracy Hatton	Director	3.00	Director	$0	$0	$0
Michael Howett	Chair/President	5.00	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
2024	No data	No data	No data	No data
2023	$578,661	$855,129	$4,113,390	$-276,468
2022	$801,997	$717,004	$4,425,499	$84,993
2021	$582,872	$675,191	$4,645,902	$-92,319
2020	$534,106	$761,441	$4,600,743	$-227,335
2019	$805,070	$988,344	$4,752,498	$-183,274
2018	$967,637	$948,550	$4,935,526	$19,087

Open Channels New York Inc dba Dixon Place