BOWERY ARTS AND SCIENCE LTD (EIN 133859496) - 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

1995

Legal Domicile

Principal Officer

ROBERT HOLMAN

Phone

2126140504

Tax Period

2024-01-01 to 2024-12-31

BOWERY ARTS AND SCIENCE LTD, founded in 1995, is a small nonprofit in the Arts, Culture & Humanities sector that reported $113K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 32% operating deficit.

Mission

ENCOURAGE COOPERATION AMONG AND ADVANCEMENT OF POETS, PERFORMERS, WRITERS, PRODUCERS, PUBLISHERS AND OTHERS ENGAGED IN ARTISTIC ACTIVITIES; TO DEVELOP AND PRODUCE WORKS BY EMERGING POETS AND PERFORMANCE ON STAGE, TELEVISION, FILM AND OTHER MEDIA; TO CONDUCT TOURS AND HOLD EXHIBITIONS; TO PROMOTE THE STUDY, IMPROVEMENT AND ADVANCEMENT OF THE ARTS.

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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 $51,221

Program Service Revenue $62,008

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $124

Program Expenses $107,234

Other Expenses $148,910

TOTAL EXPENSES $148,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,229	$147,818	-0.2%
Expenses	$148,910	$102,477	+0.5%
Net Income	$-35,681	$45,341	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAM DEVINENI	BOARD MEMBER	2.00	Director	$0	$0	$0
SOPHIE ELSBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT HOLMAN	BD MEMBER, F	2.00	Officer Director	$0	$0	$0
JOSHUA RAFF	BD MEMBR, CH	2.00	Director	$0	$0	$0
LILLY WEI	BOARD MEMBER	2.00	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	$113,229	$148,910	$46,273	$-35,681
2023	$147,818	$102,477	$82,394	$45,341
2022	$80,510	$50,384	$36,613	$30,126
2021	$82,716	$66,914	$1,361,429	$15,802
2020	$57,885	$77,180	$1,364,427	$-19,295
2019	$129,041	$209,312	$1,371,422	$-80,271
2018	$326,782	$451,346	$1,464,355	$-124,564

BOWERY ARTS AND SCIENCE LTD