GRAMERCY PARK BLOCK ASSOC INC (EIN 133943089) - 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

1994

Legal Domicile

Principal Officer

NORMAN KURLAN

Phone

2122068144

Tax Period

2023-01-01 to 2023-12-31

GRAMERCY PARK BLOCK ASSOC INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $632K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $120K, a strong 19% operating margin.

Mission

TO EDUCATE THE POPULATION OF THE GRAMERCY PARK AREA AS TO THE SAFETY AND SECURITY ISSUES IN THIS HISTORIC NEIGHBORHOOD, AND TO BRING ABOUT CIVIC BETTERMENT IN ORDER TO PROMOTE THE WELL-BEING OF THOSE WHO LIVE OR WORK IN THIS AREA. ALSO, TO EDUCATE THE GENERAL PUBLIC AS TO THE UNIQUE QUALITIES OF GRAMERCY PARK AND ITS HISTORICAL IMPORTANCE TO NEW YORK CITY AND TO DISSEMINATE INFORMATION CONCERNING THESE AND OTHER RELATED ISSUES.

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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 $554,887

Program Service Revenue $0

Investment Income $77,084

Other Revenue $0

TOTAL REVENUE $631,971

Expense Breakdown

Grants Paid $1,125

Salaries & Benefits $76,044

Fundraising Expenses $61,164

Program Expenses $377,321

Other Expenses $434,977

TOTAL EXPENSES $512,146

Year-over-Year Comparison

	2023	2022	Change
Revenue	$631,971	$571,891	+0.1%
Expenses	$512,146	$511,294	+0.0%
Net Income	$119,825	$60,597	+1.0%

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

$50,304

Total Directors

$50,304

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARLENE S HARRISON	PRESIDENT	50.00	Officer Director	$50,304	$0	$50,304
NORMAN KURLAN	TREASURER	2.00	Officer Director	$0	$0	$0
KAMEL BOUTROS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN BRADY	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE LERNER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT DOWD	DIRECTOR	0.00	Director	$0	$0	$0
KATHERINE ECKERT	SECRETARY	0.00	Officer 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	$631,971	$512,146	$2,302,931	$119,825
2022	$571,891	$511,294	$2,126,532	$60,597
2021	$664,946	$376,973	$2,076,843	$287,973
2020	$565,581	$356,732	$1,785,244	$208,849
2019	$412,788	$349,880	$1,584,653	$62,908
2018	$568,456	$304,962	$1,517,202	$263,494

GRAMERCY PARK BLOCK ASSOC INC