SEVENTH REGIMENT ARMORY CONSERVANCY INC

EIN: 134086800 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$23,012,613
Total Expenses
$35,131,903
Total Assets
$271,905,924
Net Assets
$267,053,112
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NY
Principal Officer
REBECCA ROBERTSON
Phone
2126163930
Tax Period
2023-01-01 to 2023-12-31

SEVENTH REGIMENT ARMORY CONSERVANCY INC, founded in 1999, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $23.0M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $35.1M exceeded revenue, resulting in a 53% operating deficit.

Mission

PARK AVENUE ARMORY'S MISSION IS TO ENABLE A DIVERSE RANGE OF ARTISTS TO CREATE, STUDENTS TO EXPLORE, AND AUDIENCES TO EXPERIENCE EPIC, ADVENTUROUS, RELEVANT WORK THAT CANNOT BE DONE ELSEWHERE IN NEW YORK. WITH ITS SOARING 55,000-SQUARE-FOOT WADE THOMPSON DRILL HALL AND AN ARRAY OF EXUBERANT PERIOD ROOMS, THE ARMORY FILLS A CRITICAL VOID IN THE CULTURAL ECOLOGY OF NEW YORK, SUPPORTING UNCONVENTIONAL WORKS IN THE PERFORMING AND VISUAL ARTS THAT CANNOT BE FULLY REALIZED IN A TRADITIONAL PROSCENIUM THEATER, CONCERT HALL, OR WHITE WALL GALLERY. THE ARMORY HAS BEEN LAUDED AS "ONE OF THE MOST AMBITIOUS ARTS PRESENTERS IN THE CITY, IF NOT THE COUNTRY" (WALL STREET JOURNAL), WITH THE NEW YORKER DECLARING THAT "THE ARMORY'S PROGRAMMING HAS BECOME ESSENTIAL TO THE NEW YORK LIFE." ALONGSIDE ADVENTUROUS ARTISTIC PROGRAMMING, THE ARMORY OFFERS CREATIVITY-BASED ARTS EDUCATION PROGRAMS AT NO COST TO THOUSANDS OF STUDENTS FROM UNDERSERVED NEW YORK CITY PUBLIC SCHOOLS. ARMORY ARTS EDUCATION PROGRAMS DEE

Program Service Accomplishments

Program 1
Expenses: $30,390,536 Revenue: $11,410,971

IN 2023, PARK AVENUE ARMORY PRESENTED A WIDE RANGE OF EXCEPTIONAL, UNCONVENTIONAL WORKS, INCLUDING NEW COMMISSIONS AND ACCLAIMED EXISTING PRODUCTIONS RETROFITTED TO THE WADE THOMPSON DRILL HALL, AS...

Read more

IN 2023, PARK AVENUE ARMORY PRESENTED A WIDE RANGE OF EXCEPTIONAL, UNCONVENTIONAL WORKS, INCLUDING NEW COMMISSIONS AND ACCLAIMED EXISTING PRODUCTIONS RETROFITTED TO THE WADE THOMPSON DRILL HALL, AS WELL AS NEW YORK DEBUTS FROM SINGULAR ARTISTIC VOICES. IN CONJUNCTION WITH EACH PRODUCTION, FREE ARTS EDUCATION PROGRAMS IMMERSED THOUSANDS OF ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS FROM HISTORICALLY UNDER-RESOURCED NEW YORK CITY PUBLIC SCHOOLS WITH VISIONARY ARTISTS AND THEIR CREATIVE PROCESSES. DRILL HALL PRODUCTIONS: LOVE (FEBRUARY 28 - MARCH 25, 2023): WRITTEN AND DIRECTED BY ALEXANDER ZELDIN, LOVE DEPICTED THREE FAMILIES PLACED IN TEMPORARY ACCOMMODATION IN THE PERIOD LEADING UP TO CHRISTMAS: A MIDDLE-AGED MAN AND HIS ELDERLY MOTHER, A YOUNG FAMILY EXPECTING A NEW BABY, AND A WOMAN WHO IS A REFUGEE FROM SUDAN. REIMAGINED FOR THE VAST WADE THOMPSON DRILL HALL FOR ITS NORTH AMERICAN PREMIERE AFTER A CRITICALLY ACCLAIMED TOUR IN EUROPE AND THE UK, THE ARMORY'S PRESENTATION OF LOVE WAS NAMED A CRITIC'S PICK BY THE NEW YORK TIMES AND IMMERSED AUDIENCES IN A STORY ABOUT FAMILY AND THE RESILIENCE OF THE HUMAN SPIRIT FOR OUR TIMES. THE DOCTOR (JUNE 3 - AUGUST 19, 2023): CELEBRATED DIRECTOR ROBERT ICKE RETURNED TO THE ARMORY, AFTER RECEIVING TWO NEW YORK TIMES CRITIC'S PICKS FOR HAMLET AND ORESTEIA IN 2022, WITH THE NORTH AMERICAN PREMIERE OF THE DOCTOR STARRING HIS LONGTIME COLLABORATOR, JULIET STEVENSON. THE DOCTOR WAS A FREE ADAPTATION OF ARTHUR SCHNITZLER'S PROFESSOR BERNHARDI, AND EXPLORED THE CLASH BETWEEN SCIENCE AND RELIGION, AS WELL AS THE RIGHTS OF INDIVIDUALS AND HOW IDENTITIES COLLIDE. DOPPELGANGER (SEPTEMBER 22 - 28, 2023): IN A RARE SOLO PERFORMANCE, JONAS KAUFMANN, KNOWN AS "THE WORLD'S GREATEST TENOR" (TELEGRAPH UK), APPEARED IN THE WADE THOMPSON DRILL HALL IN A NEW ARMORY COMMISSION THAT WAS ALSO NAMED A CRITIC'S PICK BY THE NEW YORK TIMES. A THEATRICAL STAGING OF FRANZ SCHUBERT'S DEEPLY EMOTIONAL SONG CYCLE SCHWANENGESANG ("SWAN SONG"), DOPPELGANGER WAS LED BY ONE OF OPERA'S MOST ADVENTUROUS DIRECTORS, CLAUS GUTH, WITH SETS BY AWARD-WINNING DESIGNER MICHAEL LEVINE, AND LIGHTING DESIGN BY URS SCHNEBAUM. MUTANT; DESTRUDO (OCTOBER 11 - 15, 2023): VENEZUELAN MUSICIAN AND MULTIMEDIA ARTIST ARCA MADE HER DEBUT IN THE WADE THOMPSON DRILL HALL WITH A NEW ARMORY COMMISSION, MUTANT; DESTRUDO. A GRAMMY AND LATIN GRAMMY AWARD NOMINEE AS WELL AS RECENT UK MUSIC VIDEO AWARD WINNER, SHE HAS WORKED WITH FKA TWIGS, BJRK, AND LADY GAGA, AND COMPOSED A CONSTANTLY TRANSFORMING SOUNDTRACK FOR THE MUSEUM OF MODERN ART'S LOBBY USING ARTIFICIAL INTELLIGENCE. THE RITE OF SPRING / COMMON GROUND[S] (NOVEMBER 29 - DECEMBER 14, 2023): CLOSING THE 2023 SEASON WERE TWO WORKS OF CONTEMPORARY DANCE: THE RITE OF SPRING AND COMMON GROUND[S]. IN ICONIC GERMAN CHOREOGRAPHER PINA BAUSCH'S MONUMENTAL THE RITE OF SPRING - SET TO IGOR STRAVINSKY'S SCORE - A "CHOSEN ONE" IS SACRIFICED, CHANGING THE SEASON FROM WINTER TO SPRING. FOR THIS THRILLING STAGING OF BAUSCH'S TRAILBLAZING WORK - NAMED A CRITIC'S PICK BY THE NEW YORK TIMES - SENEGALESE CHOREOGRAPHER AND DANCER GERMAINE ACOGNY, FOUNDER OF DANCE COMPANY COLE DES SABLES AND WIDELY CONSIDERED TO BE, "THE MOTHER OF AFRICAN CONTEMPORARY DANCE," SPECIALLY ASSEMBLED A COLLECTIVE OF 34 DANCERS FROM 14 AFRICAN COUNTRIES. COMMON GROUND[S] WAS A NEW WORK CHOREOGRAPHED AND PERFORMED BY ACOGNY AND CHOREOGRAPHER AND DANCER MALOU AIRAUDO, WHO PERFORMED LEADING ROLES IN MANY OF BAUSCH'S EARLY WORKS AS A MEMBER OF TANZTHEATER WUPPERTAL PINA BAUSCH. A POETIC AND TENDER ANTIDOTE TO RITE, THE DUET EXPLORED AGE, ANCESTRY, AND OUR COMMON HUMAN THREAD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,831,234
Program Service Revenue $11,410,971
Investment Income $3,483,574
Other Revenue $-713,166
TOTAL REVENUE $23,012,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,816,578
Fundraising Expenses $2,037,626
Program Expenses $30,390,536
Other Expenses $25,315,325
TOTAL EXPENSES $35,131,903

Year-over-Year Comparison

2023 2022 Change
Revenue $23,012,613 $25,775,418 -0.1%
Expenses $35,131,903 $39,873,994 -0.1%
Net Income $-12,119,290 $-14,098,576 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
28
Independent Members
27
Employees
388
Volunteers
31

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
10
$1,051,919
Total Directors
32
$648,342
Key Employees
3
$871,664
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REBECCA ROBERTSON PRESIDENT/DIRECTOR 50.0
Officer Director
$593,163 $55,179 $648,342
MELANIE FORMAN CHIEF DEVELOPMENT OFFICER 32.0
Key Emp
$308,441 $19,695 $328,136
MICHAEL LONERGAN CHIEF ARTISTIC PRODUCER 50.0
Highest
$276,716 $17,833 $294,549
PAUL KING DIRECTOR OF PRODUCTION 50.0
Key Emp
$249,911 $44,390 $294,301
JENNIFER KIM CHIEF OPERATING OFFICER 50.0
Key Emp
$233,773 $15,454 $249,227
THOMAS TRAYER DIRECTOR OF MARKETING 50.0
Highest
$197,434 $22,353 $219,787
JAMES McGLYNN CFO (THRU 09/23) 50.0
Officer
$187,849 $23,523 $211,372
Ashlee Willaman Director of Human Resources 50.0
Highest
$183,494 $25,767 $209,261
MARC VON BRAUNSBERG DIR. OF OPERATIONS & SECURity 50.0
Highest
$166,612 $10,849 $177,461
Claire Marberg Production Manager 50.0
Highest
$150,717 $21,302 $172,019
KIRSTEN REOCH THRU 092023 DIR.OF CAPITAL PLANNING 50.0
Officer
$131,561 $22,843 $154,404
Judith Rubin CFO (EFF. 10/2023) 50.0
Officer
$36,912 $889 $37,801
ELIHU ROSE PHD Chairman Emeritus 1.0
Officer Director
$0 $0 $0
ADAM R FLATTO Co-Chair 1.0
Officer Director
$0 $0 $0
AMANDA JT RIEGEL Co-Chair 1.0
Officer Director
$0 $0 $0
DAVID FOX Vice President 1.0
Officer Director
$0 $0 $0
PABLO LEGORRETA Vice President 1.0
Officer Director
$0 $0 $0
EMANUEL STERN Vice President, Treasurer 1.0
Officer Director
$0 $0 $0
MARINA ABRAMOVIC DIRECTOR 1.0
Director
$0 $0 $0
SIR DAVID ADJAYE OBE DIRECTOR (THRU 7/2023) 1.0
Director
$0 $0 $0
ABIGAIL BARATTA DIRECTOR 1.0
Director
$0 $0 $0
DR JOYCE F BROWN DIRECTOR 1.0
Director
$0 $0 $0
CORA CAHAN DIRECTOR 1.0
Director
$0 $0 $0
HELENE COMFORT DIRECTOR 1.0
Director
$0 $0 $0
PAUL CRONSON DIRECTOR 1.0
Director
$0 $0 $0
Jonathan L Davis DIRECTOR (EFF. 2/2023) 1.0
Director
$0 $0 $0
TINA R DAVIS DIRECTOR 1.0
Director
$0 $0 $0
JESSIE DING DIRECTOR 1.0
Director
$0 $0 $0
SANFORD B EHRENKRANZ DIRECTOR 1.0
Director
$0 $0 $0
ROBERTA GARZA DIRECTOR 1.0
Director
$0 $0 $0
Kimberly E Greenberg DIRECTOR (EFF. 9/2023) 1.0
Director
$0 $0 $0
MARJORIE L HART DIRECTOR (THRU 1/2023) 1.0
Director
$0 $0 $0
BRANDEN JACOBS-JENKINS DIRECTOR 1.0
Director
$0 $0 $0
SAMHITA JAYANTI DIRECTOR 1.0
Director
$0 $0 $0
Adrienne Katz DIRECTOR (EFF. 4/2023) 1.0
Director
$0 $0 $0
BG EDWARD GKLEIN NYNGRET DIRECTOR 1.0
Director
$0 $0 $0
RALPH LEMON DIRECTOR 1.0
Director
$0 $0 $0
JASON MORAN DIRECTOR 1.0
Director
$0 $0 $0
JANET C ROSS DIRECTOR 1.0
Director
$0 $0 $0
Stephanie Sharp DIRECTOR (EFF. 12/2023) 1.0
Director
$0 $0 $0
JOAN STEINBERG DIRECTOR 1.0
Director
$0 $0 $0
PETER ZHOU DIRECTOR (THRU 12/2023) 1.0
Director
$0 $0 $0
ANDREW GUNDLACH DIRECTOR (THRU 12/2023) 1.0
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 $23,012,613 $35,131,903 $271,905,924 $-12,119,290
2022 $25,775,418 $39,873,994 $277,122,381 $-14,098,576
2021 $25,857,761 $27,743,098 $306,083,724 $-1,885,337
2020 $23,303,674 $22,992,650 $211,213,544 $311,024
2019 $28,417,807 $31,493,035 $209,910,595 $-3,075,228
2018 $32,626,047 $28,393,426 $206,531,700 $4,232,621
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SEVENTH REGIMENT ARMORY CONSERVANCY INC with other nonprofits in New York and across the country.