Yara Arts Group

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Phone

2127777675

Tax Period

2024-01-01 to 2024-12-31

Yara Arts Group, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $151K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

Create original theatre pieces at La MaMa Theatre, Howl, Bohemian National Hall, East Village Basement, in New York City and the Jersey City Theater Center, as well as puppet shows, poetry art & music events,and film screenings.

Program Service Accomplishments

Program 1

Expenses: $67,759 Revenue: $6,367

Yara Arts Groups theatre pieces include: Mariupol: Diary of War and the Tree of Life, at Howl, the Bohemian National Hall in New York city and the Jersey City Theatre Center, as well as Slap at the East Village Basement and the Renee and Chaim Gross Foundation in New York. The workshop projects include Blind Sight and The Magic of Light at La MaMa in New York City, as well as a development residency for Slap at the Collar Works Gallery in Granville, NY.

Program 2

Expenses: $34,984 Revenue: $16,646

Yaras puppet theatre pieces created by Tom Lee include: The Great Zodiac Animal Race at La MaMa, Tomte tour in Indonesia, Akutagawa tour in Japan, Sounding the Resonant Path at La MaMa in New York...

Yaras puppet theatre pieces created by Tom Lee include: The Great Zodiac Animal Race at La MaMa, Tomte tour in Indonesia, Akutagawa tour in Japan, Sounding the Resonant Path at La MaMa in New York. Workshop projects include Mirror Pool in Chicago and Stand By. A shadow puppet piece was developed by Watoku Ueno named Silent Green, which was workshopped at the Ukrainian National Home and premiered at The East Village Basement in New York.

Program 3

Expenses: $21,611 Revenue: $2,340

Yaras Poetry, Art, Music, Lectures and Screenings include: Mariupol: Photo Exhibition and Lecture at Howl in NYC and at the Toronto City Hall. How Fire Descends music and poetry event for NYU, Slap Songs Zhadan & Friends 2024 at Bowery Poetry Club for the Ukrainian Cultural Festival in New York, poetry readings: Kyiv Calling at Baker Falls, Three Wooden Trunks at Ottendorf NYPL and Mary Os on Ave A in New York, Your Attention Is Great & The Tree of Life for the LES Festival at Theatre for the New City. Exhibition of costumes from Yaras Winter Song on Mars at the Alexandra Exter: The Stage Is a World exhibit at the Ukrainian Museum in NYC, exhibit of Waldemart Klyuzkos art at the La MaMa Family show, Julian Kytastys Concert at the Renee & Chaim Gross Foundation, Media lectures on Yara at the La MaMa Archive and at the Ukrainian Studies School. and a lecture on Radio 477 in Kyiv. Yara also developed the UKR Co-Lab Series for new art.

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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 $122,909

Program Service Revenue $27,653

Investment Income $127

Other Revenue $0

TOTAL REVENUE $150,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,400

Fundraising Expenses $5,599

Program Expenses $124,354

Other Expenses $119,533

TOTAL EXPENSES $148,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,689	$224,483	-0.3%
Expenses	$148,933	$226,436	-0.3%
Net Income	$1,756	$-1,953	-1.9%

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

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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

N/A

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

Total Directors

$29,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Virlana Tkacz	Artistic Director & Board member	40.00	Director	$20,750	$0	$20,750
Tom Lee	Artistic Associate & Board member	1.00	Director	$8,675	$0	$8,675
Sam Glazer	Chairperson	0.00	Director Key Emp	$0	$0	$0
Adrian Karatnytsky	Board member	0.00	Director	$0	$0	$0
Sarah Foote	Board member	0.00	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	$150,689	$148,933	$52,330	$1,756
2023	$224,483	$226,436	$21,950	$-1,953
2022	$148,523	$145,203	$36,646	$3,320
2021	$177,453	$178,051	$23,470	$-598
2020	$91,450	$86,840	$24,377	$4,610
2019	$217,485	$223,830	$20,342	$-6,345
2018	$105,987	$105,515	$12,214	$472