DESIGN TRUST FOR PUBLIC SPACE INC

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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

MATTHEW CLARKE

Phone

2126952432

Tax Period

2023-01-01 to 2023-12-31

DESIGN TRUST FOR PUBLIC SPACE INC, founded in 1995, is a small nonprofit in the Environment sector that reported $999K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 24% operating deficit.

Mission

The Design Trust for Public Space is a nonprofit organization dedicated to the future of public space in New York City. Our projects bring together city agencies, community groups and private sector experts to make a lasting impact - through design - on how New Yorkers live, work and play.

Program Service Accomplishments

Program 1

Expenses: $404,435

GENERAL PROGRAMThe Design Trust for Public Space is dedicated to the future of public space in New York City. Their projects bring together city agencies, community groups and private sector experts...

Program 2

Expenses: $245,738

TURNOUT NYCTURNOUT NYC IS A COMMUNITY-ORIENTED INITIATIVE IN PARTNERSHIP WITH SITU THAT WILL PROVIDE INFRASTRUCTURE SUPPORT FOR NEW YORK CITY-BASED ARTS AND CULTURAL ORGANIZATIONS WHILE EXPANDING...

TURNOUT NYCTURNOUT NYC IS A COMMUNITY-ORIENTED INITIATIVE IN PARTNERSHIP WITH SITU THAT WILL PROVIDE INFRASTRUCTURE SUPPORT FOR NEW YORK CITY-BASED ARTS AND CULTURAL ORGANIZATIONS WHILE EXPANDING ACCESS TO THE ARTS ACROSS THE CITY. SUPPORTED BY A $2 MILLION GRANT FROM THE MELLON FOUNDATION, THE VENTURE WILL CREATE FLEXIBLE AND SEMI-PERMANENT OUTDOOR VENUES ONE IN EACH BOROUGH IN COLLABORATION WITH CULTURAL PARTNERS FROM WITHIN EACH COMMUNITY.A YEAR AFTER TURNOUT NYC PROGRAMMING, WE FINALIZED PROJECT EVALUATION AND CONTINUED TO ADVOCATE FOR NEEDED CITYWIDE CHANGES. WE PUBLISHED AN ONLINE REPORT THAT WAS PREVIOUSLY REVIEWED WITH OUR COMMUNITY PARTNERS, THE PROJECT'S ARTIST ADVISORY COUNCIL, AND CULTURE@3. THIS YEAR, WE ALSO DONATED THE TWO KIT-OF-PARTS THAT SITU FABRICATED FOR THIS PROJECT AND WHICH PROVED VERY SUCCESSFUL IN TRANSFORMING UNDERUTILIZED PUBLIC SPACES INTO CULTURAL VENUES. SINCE THEN. ORGANIZATIONS HAVE BEEN USING THE KITS TO SUPPORT LOCAL PROGRAMMING AND TO SUPPORT OTHER ORGANIZATIONS IN THEIR FREE SUMMER PROGRAMMING.

Program 3

Expenses: $88,313

GREEN CONNECTIONSThe Design Trust for Public Space is collaborating with the Public Housing Community Fund and the New York City Housing Authority (NYCHA) to create and activate community-designed...

GREEN CONNECTIONSThe Design Trust for Public Space is collaborating with the Public Housing Community Fund and the New York City Housing Authority (NYCHA) to create and activate community-designed green space at four NYCHA public housing developments for 14,000 residents in Brooklyn and the Bronx.In 2023, Design Trust worked with its project community partners to conduct site visits at the four developments and led a team of residents at each development to identify priorities for upgrading and activating green space.

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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 (2023)

Revenue Breakdown

Contributions & Grants $968,278

Program Service Revenue $95,531

Investment Income $0

Other Revenue $-64,754

TOTAL REVENUE $999,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $803,145

Fundraising Expenses $75,007

Program Expenses $948,008

Other Expenses $432,354

TOTAL EXPENSES $1,235,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$999,055	$919,472	+0.1%
Expenses	$1,235,499	$2,933,754	-0.6%
Net Income	$-236,444	$-2,014,282	-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

N/A

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

$136,891

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW CLARKE	Executive Dir.	40.00	Officer	$123,367	$13,524	$136,891
DOMINIC RAMOS-RUIZ	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MARC HEIMAN	Director	2.00	Director	$0	$0	$0
ELLEN BAER	Director	2.00	Director	$0	$0	$0
KARESIA BATAN	Director	2.00	Director	$0	$0	$0
THEODORE S BERGER	Director	2.00	Director	$0	$0	$0
MATTHEW CASPER	Director	2.00	Director	$0	$0	$0
R DARBY CURTIS AIA	Director	2.00	Director	$0	$0	$0
SLOAN LEO	Director	2.00	Director	$0	$0	$0
PAUL GANGSEI JD	Director	2.00	Director	$0	$0	$0
GRANT MARANI AIA FRAIA	Director	2.00	Director	$0	$0	$0
ERIC GURAL	Director	2.00	Director	$0	$0	$0
JERROD DELAINE	Director	2.00	Director	$0	$0	$0
KATIE SCHWAB	Secretary	2.00	Officer Director	$0	$0	$0
ZACK MCKOWN FAIA	Director	2.00	Director	$0	$0	$0
JESSE HERTZBERG	Director	2.00	Director	$0	$0	$0
THOMAS JANSEN	Director	2.00	Director	$0	$0	$0
EVE KLEIN ASSOCIATE AIA	Chairman	6.00	Officer Director	$0	$0	$0
SUCHI REDDY	Director	2.00	Director	$0	$0	$0
ANDY WILEY-SCHWARTZ	Director	2.00	Director	$0	$0	$0
BARBARA WILKS FAIA FASLA	Director	2.00	Director	$0	$0	$0
ALASTAIR C ELLIOT PE	Treasurer	2.00	Officer Director	$0	$0	$0
JEAN-GABRIEL NEUKOMM	Director	2.00	Director	$0	$0	$0
GUSTAVO RODRIGUEZ AIA CODIA	Director	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	No data	No data	No data	No data
2023	$999,055	$1,235,499	$1,081,347	$-236,444
2022	$919,472	$2,933,754	$1,319,077	$-2,014,282
2022	$919,472	$2,933,754	$1,319,077	$-2,014,282
2021	$3,238,139	$1,333,198	$2,416,344	$1,904,941
2020	$910,987	$856,273	$580,271	$54,714
2019	$903,643	$846,170	$440,426	$57,473
2018	$928,147	$1,077,971	$388,081	$-149,824