NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE ARMORY FOUNDATION, founded in 1992, is a community nonprofit in the Unknown sector that reported $9.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $10.3M exceeded revenue, resulting in a 11% operating deficit.
THE ARMORY FOUNDATION, A NYC NOT-FOR-PROFIT AND HOME TO THE PREMIER INDOOR TRACK AND FIELD CENTER IN AMERICA, IS COMMITTED TO SERVING YOUTH BY PROMOTING EXCELLENCE AND FITNESS THROUGH A BROAD RANGE OF ATHLETIC, EDUCATIONAL AND ITS COMMUNITY PROGRAMS. THE ARMORY FOUNDATION'S PRIMARY EMPHASIS IS REACHING AND MOTIVATING THE YOUTH OF ALL FIVE BOROUGHS OF NEW YORK CITY BY OFFERING THEM COMPETITIVE TRACK AND FIELD ACTIVITIES AND BROADENING THEIR HORIZONS WITH EDUCATIONAL CLASSES, COLLEGE PREPARATION PROGRAMS AND A VARIETY OF CULTURAL AND SCHOOL-COORDINATED EDUCATIONAL ACTIVITIES. THE ARMORY FOUNDATION HOSTS OVER 105 TRACK EVENTS EACH YEAR, MAINTAINS THE NATIONAL TRACK AND FIELD HALL OF FAME, OPERATES THE LARGEST AFTERSCHOOL ACTIVITY CENTER IN NEW YORK AND OFFERS A VARIETY OF COMMUNITY SUPPORT PROGRAMS IN ITS WORLD CLASS FACILITY.
TRACK AND FIELD MEETS: OVER 105 TRACK AND FIELD MEETS ARE HELD EACH YEAR AT THE ARMORY RANGING IN SIZE FROM 100 ATHLETES TO OVER 5,000. THE ARMORY TRACK IS CONSIDERED TO BE THE FASTEST TRACK IN THE...
TRACK AND FIELD MEETS: OVER 105 TRACK AND FIELD MEETS ARE HELD EACH YEAR AT THE ARMORY RANGING IN SIZE FROM 100 ATHLETES TO OVER 5,000. THE ARMORY TRACK IS CONSIDERED TO BE THE FASTEST TRACK IN THE WORLD AND ATTRACTS ATHLETES AND SPECTATORS FROM ALL OVER THE UNITED STATES. TRACK PRACTICES: IN A NORMAL YEAR, THE ARMORY HOSTS 220 TRACK PRACTICE SESSIONS ATTRACTING APPROXIMATELY 70,000 VISITS OF MOSTLY YOUNG ATHLETES. PROGRAMMING EXTENDS BEYOND YOUTH AND REACHES COMMUNITY ADULTS AND SENIORS, BUT THE FOCUS REMAINS ON YOUTH. THE MAIN TRACK SEASON RUNS FROM OCTOBER THROUGH THE MIDDLE OF APRIL, BUT PROGRAMMING CONTINUES THROUGHOUT THE YEAR. THE OBJECTIVE IS TO FULFILL THE MISSION OF THE ARMORY OF KEEPING EVERYONE ON TRACK.
ARMORY COLLEGE PREP HIGH SCHOOL: THIS IS A COLLEGE SUCCESS PROGRAM TARGETING HIGH SCHOOL STUDENTS WHO PRACTICE AT THE ARMORY, MANY OF WHOM WILL BE FIRST GENERATION COLLEGE STUDENTS. ARMORY COLLEGE...
ARMORY COLLEGE PREP HIGH SCHOOL: THIS IS A COLLEGE SUCCESS PROGRAM TARGETING HIGH SCHOOL STUDENTS WHO PRACTICE AT THE ARMORY, MANY OF WHOM WILL BE FIRST GENERATION COLLEGE STUDENTS. ARMORY COLLEGE PREP SUPPLIES RIGOROUS ACADEMIC INSTRUCTION, SAT PREP CLASSES, ONE-ON-ONE COLLEGE COUNSELING, INCLUDING FINANCIAL AID AND NCAA REGULATION INFORMATION AND MULTIPLE TRIPS TO VISIT COLLEGES. IN A TYPICAL YEAR. THIS PROGRAM WORKS WITH OVER 60 STUDENTS EACH YEAR TO COMPLETE HIGH SCHOOL, GAIN ACCEPTANCE TO FOUR-YEAR COLLEGES AND TO SUCCEED AT COLLEGE.
HIGH SCHOOL TRAINING: UP TO 2,000 NEW YORK CITY STUDENTS TRAIN AT THE ARMORY, TUESDAYS AND THURSDAYS FROM NOVEMBER TO APRIL ON THE FABLED ARMORY TRACK. TRAINING INCLUDES A SUPPLEMENTAL COACHING STAFF...
HIGH SCHOOL TRAINING: UP TO 2,000 NEW YORK CITY STUDENTS TRAIN AT THE ARMORY, TUESDAYS AND THURSDAYS FROM NOVEMBER TO APRIL ON THE FABLED ARMORY TRACK. TRAINING INCLUDES A SUPPLEMENTAL COACHING STAFF PAID BY THE ARMORY TO HELP STUDENTS DEVELOP THEIR SKILLS. MOST STUDENTS HAVE COACHES WHO ARE FLUENT IN ONE OF THE EVENTS OF TRACK AND FIELD. ONLY VERY FEW OF THEM ARE EXPERTS IN THROWING, POLE VAULTING, HURDLES OR EVEN RACE-WALKING. IN ORDER TO PROVIDE THE BEST POSSIBLE EXPERIENCE, THE ARMORY BRINGS IN THESE COACHES. YOUTH TRAINING: IN A NORMAL YEAR, AS MANY AS 500 STUDENTS IN GRADES 2-8 FROM WASHINGTON HEIGHTS, INWOOD AND HARLEM TRAIN AT THE ARMORY MONDAYS AND WEDNESDAYS FROM OCTOBER TO MAY IN THE CITY TRACK, AND LITTLE FEET PROGRAMS. FULL COACHING STAFF IS PROVIDED TO THE CHILDREN TO TEACH THE BASICS OF TRACK AND FIELD AND ENSURE THE CHILDREN HAVE PLENTY OF FUN AT THE SAME TIME. THE ARMORY HAS STRUCTURED EXERCISE AND HEALTH-RELATED PROGRAMMING TWICE PER WEEK, YEAR-ROUND, FOR COMMUNITY SENIORS.
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 | $9,239,866 | $7,765,283 | +0.2% |
| Expenses | $10,272,523 | $8,191,894 | +0.3% |
| Net Income | $-1,032,657 | $-426,611 | +1.4% |
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 |
|---|---|---|---|---|---|---|
| EDWARD STERN | TREASURER | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| JONATHAN B SCHINDEL | CO-PRESIDENT | 40.0 |
Officer
Director
|
$351,440 | $29,955 | $381,395 |
| MICHAEL BLUM | VICE CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL FRANKFURT | CHAIRMAN | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| RITA M FINKEL | CO-PRESIDENT | 40.0 |
Officer
Director
|
$363,771 | $15,478 | $379,249 |
| SANDRA HARRIS | SECRETARY | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW HOGUE | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| CHRIS BILSKY | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| JACQUELINE VALOUCH | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| JANE OTT | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| JOHN JENKINS | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| KERRI DONNER | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| LISA STONE | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MARIA LUNA | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MARY BETH HOGAN | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MARY DARLING | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL YAKER | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| REMYSELL SALAS | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| ROBERT ESNARD | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| WENDY HILLIARD | DIRECTOR | 2.0 |
Director
|
$0 | $0 | $0 |
| GLENNIS A AQUINO-GIL | CHIEF OPERATING OFFICER | 40.0 |
Officer
|
$212,878 | $1,000 | $213,878 |
| Clayton D Harding | Director of College Admissions | 40.0 |
Highest
|
$119,104 | $1,000 | $120,104 |
| JOHN CARPENTER | DIRECTOR OF FACILITIES | 40.0 |
Highest
|
$141,669 | $15,478 | $157,147 |
| KENNETH DWYER | BUILDING MANAGER | 40.0 |
Highest
|
$134,855 | $15,478 | $150,333 |
| Mary Rose Synek | Dir. of Writing Institute | 40.0 |
Highest
|
$120,836 | $15,478 | $136,314 |
| Tom Healy | Director of Operations | 40.0 |
Highest
|
$113,515 | $1,000 | $114,515 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2024 | $9,239,866 | $10,272,523 | $14,008,903 | $-1,032,657 |
| 2023 | $7,765,283 | $8,191,894 | $9,551,686 | $-426,611 |
| 2023 | $8,712,260 | $8,766,987 | $10,550,500 | $-54,727 |
| 2022 | $8,230,990 | $7,905,763 | $10,796,175 | $325,227 |
| 2021 | $6,508,485 | $4,567,316 | $12,095,607 | $1,941,169 |
| 2020 | $7,445,185 | $7,226,541 | $9,571,328 | $218,644 |
| 2019 | $6,143,284 | $6,777,181 | $7,937,060 | $-633,897 |
| 2018 | $8,943,213 | $7,121,887 | $9,509,777 | $1,821,326 |
| 2018 | $8,943,213 | $7,121,887 | $9,509,777 | $1,821,326 |
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