NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW YORK ACADEMY OF ART, founded in 1980, is a community nonprofit that reported $8.7M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $10.0M exceeded revenue, resulting in a 14% operating deficit.
THE NEW YORK ACADEMY OF ART IS A UNIQUE GRADUATE SCHOOL THAT COMBINES INTENSIVE TECHNICAL TRAINING IN THE FINE ARTS WITH ACTIVE CRITICAL DISCOURSE. WE BELIEVE THAT RIGOROUSLY TRAINED ARTISTS ARE BEST ABLE TO REALIZE THEIR ARTISTIC VISION. THEREFORE, ACADEMY STUDENTS ARE TAUGHT TRADITIONAL METHODS AND TECHNIQUES AND ENCOURAGED TO USE THESE SKILLS TO MAKE VITAL CONTEMPORARY ART. AS SUCH, THE ACADEMY SERVES AS A CREATIVE AND INTELLECTUAL CENTER FOR ALL ARTISTS DEDICATED TO HIGHLY SKILLED, CONCEPTUALLY AWARE FIGURATIVE AND REPRESENTATIONAL ART.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,739,398 | $9,241,972 | -0.1% |
| Expenses | $9,988,189 | $9,213,612 | +0.1% |
| Net Income | $-1,248,791 | $28,360 | -45.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALAIN BERNARD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDER GILKES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLISON HILL-EDGAR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ALYSSA MONKS | TRUSTEE | 1.00 |
Director
|
$7,800 | $0 | $7,800 |
| ASHLEY ABESS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BEN FEDER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB COCHRAN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIDGET GLESS KELLER | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BROOKE SHIELDS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS WILSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CURTIS BASHAW | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID KRATZ | PRESIDENT | 35.00 |
Officer
Director
|
$321,164 | $26,285 | $347,449 |
| DAVID WALENTAS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| EILEEN GUGGENHEIM | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ERIC FISCHL | TRUSTEE | 1.00 |
Director
|
$825 | $0 | $825 |
| GRAY COLEMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HANK SNYDER | OUTGOING TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| HELEN KING | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER GILBERT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER SCHIPF | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN TIBETT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KAMIE LIGHTBURN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA LEBOFSKY | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGOT GORDON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARSHA HAYGOOD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLAS BOS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE SALMASI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RENE FIELDS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD BLUMENTHAL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK SEGAL | TRUSTEE | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RUSSELL WILKINSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM SHIKIAR | OUTGOING TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARON JACOB | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN WASSERSTEIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WHITNEY STEVENS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER DRAKE | PROVOST | 35.00 |
Officer
|
$191,514 | $35,297 | $226,811 |
| STEPHAN KORSAKOV | CHIEF FINANCIAL OFFICER | 35.00 |
Officer
|
$290,059 | $72,770 | $362,829 |
| HARRY MICHAS | CHIEF OF STAFF | 35.00 |
Highest
|
$138,933 | $26,970 | $165,903 |
| JARED LILLY | DIRECTOR OF DEVELOPMENT | 35.00 |
Highest
|
$117,994 | $28,343 | $146,337 |
| JONATHAN JUARBE | DIRECTOR OF ADMISSIONS AND REGISTRATION | 35.00 |
Highest
|
$104,775 | $43,791 | $148,566 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $8,739,398 | $9,988,189 | $17,240,676 | $-1,248,791 |
| 2023 | $9,241,972 | $9,213,612 | $18,311,388 | $28,360 |
| 2022 | $7,647,177 | $8,688,027 | $16,157,249 | $-1,040,850 |
| 2021 | $9,146,405 | $8,445,513 | $18,557,370 | $700,892 |
| 2020 | $7,663,436 | $8,403,646 | $16,466,310 | $-740,210 |
| 2019 | $7,897,391 | $7,865,455 | $16,438,147 | $31,936 |
| 2018 | $8,228,284 | $7,166,440 | $15,532,755 | $1,061,844 |
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