The New Festival Inc (EIN 133560387) - 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

1991

Legal Domicile

Principal Officer

David Hatkoff

Phone

6465268944

Tax Period

2024-02-01 to 2025-01-31

The New Festival Inc, founded in 1991, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

New Festival, Inc. is a non-profit 501(c)(3) tax exempt media arts organization whose objective is to showcase international, domestic, and New York-centric film, video and other media to foster greater awareness and community among LGBTQ+ audiences and their allies.

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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 $1,250,757

Program Service Revenue $873,019

Investment Income $49,490

Other Revenue $0

TOTAL REVENUE $2,173,266

Expense Breakdown

Grants Paid $100,100

Salaries & Benefits $825,226

Fundraising Expenses $33,675

Program Expenses $1,871,608

Other Expenses $1,225,031

TOTAL EXPENSES $2,150,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,173,266	$1,896,951	+0.1%
Expenses	$2,150,357	$1,690,154	+0.3%
Net Income	$22,909	$206,797	-0.9%

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

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

$186,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Hatkoff	Executive Director	40.00	Officer	$186,722	$0	$186,722
Nick McCarthy	Director of Programming	0.00	Highest	$105,617	$0	$105,617
Mike Balaban	Board Director	2.00	Director	$0	$0	$0
Ann Brown	Board Director	2.00	Director	$0	$0	$0
Mathew Lasky	Board Director	2.00	Director	$0	$0	$0
Ronald Lense	Board Director	2.00	Director	$0	$0	$0
Jane Sasseen	Board Director	2.00	Director	$0	$0	$0
Andrew Uriarte	Board Director	2.00	Director	$0	$0	$0
Afua Kafi-Akua	Board Director	2.00	Director	$0	$0	$0
Aviva Michelman-Dumas	Board Director	2.00	Director	$0	$0	$0
Isabel Sandoval	Board Director	2.00	Director	$0	$0	$0
Ramon Torres	Board Director	2.00	Director	$0	$0	$0
Thomas Dima	Board Director	2.00	Director	$0	$0	$0
Ellery Washington	Board Director	2.00	Director	$0	$0	$0
Michael Dinwiddie	Board Director	2.00	Director	$0	$0	$0
Bill Berman	Board Director	2.00	Officer Director	$0	$0	$0
Sandy Markman	Board Director	2.00	Officer Director	$0	$0	$0
Adam Natale	Board Director	2.00	Officer Director	$0	$0	$0
Josh Schiowitz	Board Director	2.00	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
2025	$2,173,266	$2,150,357	$1,503,900	$22,909
2024	$1,894,326	$1,690,156	$1,336,608	$204,170
2023	$1,540,814	$1,225,228	$1,229,611	$315,586
2022	$977,456	$737,191	$816,839	$240,265
2021	$795,540	$567,764	$389,591	$227,776
2020	$626,160	$568,885	$104,477	$57,275
2019	$419,514	$448,261	$40,930	$-28,747

The New Festival Inc