NEW YORK RESTORATION PROJECT

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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

Principal Officer

LYNN B KELLY

Phone

2123332552

Tax Period

2023-10-01 to 2024-09-30

NEW YORK RESTORATION PROJECT, founded in 1997, is a community nonprofit in the Environment sector that reported $5.9M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $7.6M exceeded revenue, resulting in a 29% operating deficit.

Mission

NEW YORK RESTORATION PROJECT ("NYRP") BELIEVES THAT NATURE IS A FUNDAMENTAL RIGHT OF EVERY NEW YORKER. NYRP WORKS COLLABORATIVELY WITH RESIDENTS IN COMMUNITIES ACROSS THE FIVE BOROUGHS TO RENOVATE GARDENS, RESTORE PARKS, PLANT TREES, PROMOTE URBAN AGRICULTURE, AND BUILD PARTNERSHIPS THAT TRANSFORM THE CITY'S LANDSCAPE. WE VALUE THE UNIQUE EXPERIENCES, KNOWLEDGE, AND RESOURCES THAT EACH COMMUNITY MEMBER BRINGS TO OUR WORK. WE ARE COMMITTED TO CREATING A GREENER, MORE RESILIENT CITY FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $5,310,120 Revenue: $0

IN FY2024, WE CONTINUED OUR WORK STEWARDING COMMUNITY PARKS AND GARDENS AND BUILDING NEW GREEN SPACES THROUGHOUT ALL FIVE BOROUGHS. WORKING IN COLLABORATION WITH LOCAL SCHOOLS, HEALTH CLINICS, AND...

IN FY2024, WE CONTINUED OUR WORK STEWARDING COMMUNITY PARKS AND GARDENS AND BUILDING NEW GREEN SPACES THROUGHOUT ALL FIVE BOROUGHS. WORKING IN COLLABORATION WITH LOCAL SCHOOLS, HEALTH CLINICS, AND FOOD BANKS, NYRP TURNED UNDERUTILIZED OUTDOOR SPACES INTO PRODUCTIVE NEW GARDENS PROVIDING FRESH PRODUCE AND URBAN AGRICULTURE EDUCATION IN THE CITY'S LEAST GREEN AND UNDERSERVED NEIGHBORHOODS. IN FY2024, WE REMOVED 116,000 POUNDS OF TRASH FROM PARKS, PLANTED AND DISTRIBUTED 4500 TREES, BUILT 15 NEW GREEN SPACES AND HELD OVER 340 PUBLIC PROGRAMS.

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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 $6,285,749

Program Service Revenue $0

Investment Income $229,562

Other Revenue $-615,431

TOTAL REVENUE $5,899,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,530,488

Fundraising Expenses $1,222,247

Program Expenses $5,310,120

Other Expenses $2,873,697

TOTAL EXPENSES $7,615,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,899,880	$7,743,188	-0.2%
Expenses	$7,615,697	$7,940,544	0.0%
Net Income	$-1,715,817	$-197,356	+7.7%

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

2500

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

$573,244

Total Directors

Key Employees

$694,464

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTE MIDLER	FOUNDER	5.00	Officer Director	$0	$0	$0
SAMUEL ASHNER	CO-CHAIR	3.00	Officer Director	$0	$0	$0
DARCY A STACOM	CO-CHAIR	3.00	Officer Director	$0	$0	$0
HELENA DURST	CO-CHAIR (THRU OCT 2023)	3.00	Officer Director	$0	$0	$0
VERED RABIA	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERHARD MARIUS	TREASURER	3.00	Officer Director	$0	$0	$0
SARA ARNO	DIRECTOR	1.00	Director	$0	$0	$0
KRYSTYNA BLAKESLEE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE BOZZI	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER BUTTS	DIRECTOR	1.00	Director	$0	$0	$0
BETTY Y CHEN	DIRECTOR	1.00	Director	$0	$0	$0
TODD DEGARMO	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL MATTES GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
WALTER HOOD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KORS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LORBER	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY MALKIN	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
JAMES L NEDERLANDER	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN F NEEDELL	DIRECTOR	1.00	Director	$0	$0	$0
KELEBOHILE NKHEREANYE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE PARKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ROCKWELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA SIREFMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON SZOKE	DIRECTOR	1.00	Director	$0	$0	$0
MIRIAM WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIE VON HASELBERG	DIRECTOR	1.00	Director	$0	$0	$0
SONDRA WENGER	DIRECTOR	1.00	Director	$0	$0	$0
ANN ZIFF	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
LYNN B KELLY	EXECUTIVE DIRECTOR / SECRETARY	50.00	Officer	$358,795	$16,038	$374,833
JEFFREY MANZER CHIEF	FINANCIAL OFFICER (THRU SEP 2024)	50.00	Officer	$184,954	$13,457	$198,411
ERICA A HELMS	CHIEF ADVANCEMENT OFFICER	50.00	Key Emp	$229,236	$3,050	$232,286
CATHERINE HALL-BETTERTON	CHIEF OPERATING OFFICER	50.00	Key Emp	$231,633	$13,457	$245,090
GARY R DEARBORN	CHIEF OF CAPITAL	50.00	Key Emp	$175,175	$41,913	$217,088
SIMON SKINNER	CHIEF OF PROGRAMS AND OPS	50.00	Highest	$102,729	$8,050	$110,779

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	$3,242,983	$2,033,398	$16,609,072	$1,209,585
2024	$5,899,880	$7,615,697	$16,395,904	$-1,715,817
2023	$7,743,188	$7,940,544	$16,870,460	$-197,356
2022	$6,086,531	$7,096,862	$16,607,787	$-1,010,331
2021	$5,638,155	$6,098,700	$17,760,231	$-460,545
2020	$5,986,778	$5,698,500	$17,544,755	$288,278
2019	$8,812,205	$6,791,206	$21,194,408	$2,020,999