THE NEW 42ND STREET INC (EIN 133584032) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

RUSSELL GRANET

Phone

6462233000

Tax Period

2024-07-01 to 2025-06-30

THE NEW 42ND STREET INC, founded in 1988, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $24.6M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $22.8M left a modest 7% surplus.

Mission

THE NEW 42ND STREET, INC. (D/B/A NEW 42) IS A LEADING PERFORMING ARTS NONPROFIT WHOSE MISSION IS TO MAKE EXTRAORDINARY PERFORMING ARTS A VITAL PART OF EVERYONE'S LIFE FROM THE EARLIEST YEARS ONWARD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,536,412

Program Service Revenue $16,234,242

Investment Income $800,485

Other Revenue $51,391

TOTAL REVENUE $24,622,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,695,852

Fundraising Expenses $1,568,274

Program Expenses $17,184,931

Other Expenses $9,083,838

TOTAL EXPENSES $22,779,690

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,622,530	$28,033,671	-0.1%
Expenses	$22,779,690	$23,361,695	0.0%
Net Income	$1,842,840	$4,671,976	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

396

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

$938,885

Total Directors

$673,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FIONA HOWE RUDIN	CHAIR	1.00	Officer Director	$0	$0	$0
SHAHARA AHMAD-LLEWELLYN	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
YEMI BENEDICT-VATEL	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEFANIE KATZ ROTHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW SOMMERS	TREASURER	1.00	Officer Director	$0	$0	$0
LYNNE BIGGAR	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
LILI FABLE	DIRECTOR	1.00	Director	$0	$0	$0
KELLY GALANIS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
NEIL GUPTA	DIRECTOR	1.00	Director	$0	$0	$0
SHARON COPLAN HUROWITZ	DIRECTOR	1.00	Director	$0	$0	$0
BILL IRWIN	DIRECTOR	1.00	Director	$0	$0	$0
AMY JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
VINNIE KUMAR	DIRECTOR	1.00	Director	$0	$0	$0
JI PARK KWAK	DIRECTOR	1.00	Director	$0	$0	$0
GREG LIPPMANN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LITHGOW	DIRECTOR	1.00	Director	$0	$0	$0
SARAH LONG	DIRECTOR	1.00	Director	$0	$0	$0
SAMMY LOPEZ	DIRECTOR	1.00	Director	$0	$0	$0
ISAAC MIZRAHI	DIRECTOR	1.00	Director	$0	$0	$0
LAURA O'DONOHUE	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE PECK	DIRECTOR	1.00	Director	$0	$0	$0
ELIOT RUBENZAHL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SANCILIO	DIRECTOR	1.00	Director	$0	$0	$0
MARC A SPILKER	DIRECTOR	1.00	Director	$0	$0	$0
HENRY TISCH	DIRECTOR	1.00	Director	$0	$0	$0
ANN UNTERBERG	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE WEISS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA ZAGARINO	DIRECTOR	1.00	Director	$0	$0	$0
LUCINDA ZILKHA	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL GRANET	PRESIDENT & CEO	40.00	Officer Director	$593,358	$80,398	$673,756
MICHELE PAGNOTTA	VICE PRESIDENT, FINANCE	40.00	Officer	$215,022	$50,107	$265,129
MARY E ROSE	ARTISTIC DIRECTOR	40.00	Highest	$237,533	$27,550	$265,083
WENDY M HUTTON	VICE PRESIDENT, ADMINISTRATION	40.00	Highest	$196,059	$23,307	$219,366
LAUREN P FITZGERALD	VP, MARKETING & COMMUNICATIONS	40.00	Highest	$186,932	$31,690	$218,622
COURTNEY J BODDIE	VP, EDUCATION & SCHOOL ENGAGEMENT	40.00	Highest	$156,357	$23,950	$180,307
VINCENT TAYLOR	DIR IT, CYBER SECURITY & INFRASTRUCTURE	40.00	Highest	$154,320	$26,173	$180,493

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	$24,622,530	$22,779,690	$57,288,808	$1,842,840
2024	$28,033,671	$23,361,695	$57,751,397	$4,671,976
2023	$23,576,562	$21,044,696	$52,293,407	$2,531,866
2022	$24,084,587	$19,341,066	$49,391,490	$4,743,521
2021	$16,421,622	$14,233,537	$45,204,408	$2,188,085
2020	$18,353,998	$19,870,498	$46,201,671	$-1,516,500
2019	$19,482,824	$20,581,699	$45,945,893	$-1,098,875
2018	$18,546,871	$18,291,678	$46,018,895	$255,193

THE NEW 42ND STREET INC