FREE ARTS FOR ABUSED CHILDREN OF NEW YORK CITY INC

EIN: 133958495 501(c)(3) Crime & Legal

NEW YORK, NY

Total Revenue
$2,521,206
Total Expenses
$2,628,864
Total Assets
$2,814,144
Net Assets
$1,850,331
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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
1997
Legal Domicile
NY
Principal Officer
LIZBETH HOPFAN
Phone
2129749092
Tax Period
2024-01-01 to 2024-12-31

FREE ARTS FOR ABUSED CHILDREN OF NEW YORK CITY INC, founded in 1997, is a community nonprofit in the Crime & Legal sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

FREE ARTS NYC EMPOWERS YOUTH FROM UNDERSERVED COMMUNITIES THROUGH ART (CONTINUED ON SCHEDULE O)AND MENTORING PROGRAMS TO DEVELOP THEIR CREATIVITY, CONFIDENCE, AND SKILLS TO SUCCEED. DURING 2024 FREE ARTS NYC SERVED 1,612 YOUTH THROUGH FREE ARTS DAYS AND THE TEEN ARTS PROGRAM. FROM FREE ARTS DAY AND ART PARTIES, EMPLOYEE ENGAGEMENT LOGGED 3,842 VOLUNTEER HOURS FROM 1,951 VOLUNTEERS. THE TEEN ARTS PROGRAM LOGGED 2,264 HOURS FROM 73 VOLUNTEER MENTORS. THE RATE WAS $34.79 PER VOLUNTEER HOUR, TOTALING $212,427.74.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,434,388
Program Service Revenue $0
Investment Income $80,390
Other Revenue $6,428
TOTAL REVENUE $2,521,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,635,569
Fundraising Expenses $451,152
Program Expenses $1,900,248
Other Expenses $993,295
TOTAL EXPENSES $2,628,864

Year-over-Year Comparison

2024 2023 Change
Revenue $2,521,206 $2,024,987 +0.2%
Expenses $2,628,864 $2,511,428 +0.0%
Net Income $-107,658 $-486,441 -0.8%
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

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Governance

Voting Members
11
Independent Members
10
Employees
18
Volunteers
2034

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
9
$643,680
Total Directors
11
$216,970
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA FINESILVER PRESIDENT, CHAIR 1.00
Officer Director
$0 $0 $0
DENZIL H WILSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAVID MIELKE TREASURER 1.00
Officer Director
$0 $0 $0
TRINA STORFER SECRETARY 1.00
Officer Director
$0 $0 $0
SKY GELLATLY BOARD MEMBER 1.00
Director
$0 $0 $0
EDDIE MARTINEZ BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA SCHAPS BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD SCHAPS BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL SUCHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RENIER VAN ASWEGAN BOARD MEMBER 1.00
Director
$0 $0 $0
LIZBETH HOPFAN FOUNDER & CEO 40.00
Officer Director
$195,734 $21,236 $216,970
BRANDY BAJALIA CHIEF PROGRAM OFFICER 40.00
Officer
$145,000 $13,656 $158,656
TASHIERA HOWARD CHIEF OPERATING OFFICER 40.00
Officer
$102,500 $11,123 $113,623
ERICK KONCZYK FINANCE DIRECTOR 25.00
Officer
$78,584 $3,120 $81,704
OLIVER PATTENDEN CHIEF DEVELOPMENT OFFICER 40.00
Officer
$66,462 $6,265 $72,727
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 $2,521,206 $2,628,864 $2,814,144 $-107,658
2023 $2,024,987 $2,511,428 $3,007,970 $-486,441
2022 $3,103,123 $2,091,989 $2,478,714 $1,011,134
2021 $2,218,802 $1,814,933 $1,569,828 $403,869
2020 $2,310,844 $1,928,028 $1,397,883 $382,816
2019 $2,157,620 $1,884,123 $885,246 $273,497
2018 $2,008,924 $1,873,483 $647,596 $135,441
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