LINCOLN CENTER DEVELOPMENT PROJECT… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

JIM O'HARA

Phone

2128755000

Tax Period

2022-07-01 to 2023-06-30

LINCOLN CENTER DEVELOPMENT PROJECT INC, founded in 2001, is a major nonprofit in the Arts, Culture & Humanities sector that reported $104.6M in total revenue in fiscal year 2022. Revenue fell 62% from the prior year — a significant decline worth monitoring.

Mission

TO IMPLEMENT AND OVERSEE FOR CHARITABLE PURPOSES THE PLANNED REDEVELOPMENT AND TRANSFORMATION OF THE LINCOLN CENTER CAMPUS. SEE SCHEDULE O FOR CONTINUATION.

Program Service Accomplishments

Program 1

Expenses: $101,833,799 Revenue: $98,749,738

ALL ACTIVITIES OF THE CORPORATION FURTHER THE EXEMPT AND CHARITABLE PURPOSE OF THE CORPORATION BY PROVIDING FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING...

ALL ACTIVITIES OF THE CORPORATION FURTHER THE EXEMPT AND CHARITABLE PURPOSE OF THE CORPORATION BY PROVIDING FINANCIAL, PROFESSIONAL, AND OTHER ASSISTANCE IN ERECTING, RECONSTRUCTING, RENOVATING, MODERNIZING, AND RECONFIGURING BUILDINGS OPEN TO THE PUBLIC FOR PUBLIC EXPOSITIONS AND CULTURAL ACTIVITIES. SEE SCHEDULE O.

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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 (2022)

Revenue Breakdown

Contributions & Grants $5,840,192

Program Service Revenue $98,749,738

Investment Income $0

Other Revenue $0

TOTAL REVENUE $104,589,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,183,373

Fundraising Expenses $0

Program Expenses $101,833,799

Other Expenses $103,321,780

TOTAL EXPENSES $104,505,153

Year-over-Year Comparison

	2022	2021	Change
Revenue	$104,589,930	$277,875,106	-0.6%
Expenses	$104,505,153	$277,765,382	-0.6%
Net Income	$84,777	$109,724	-0.2%

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

N/A

Volunteers

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

$1,711,276

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP L MILSTEIN	BOARD CHAIR	2.00	Director	$0	$0	$0
KATHERINE FARLEY	DIRECTOR	1.00	Director	$0	$0	$0
BART FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER L MALKIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER FLAMM	EXECUTIVE DIRECTOR	35.00	Officer	$544,672	$-205,243	$339,429
JAMES O'HARA	CHIEF OPERATING OFFICER	0.00	Officer	$0	$32,389	$755,565
LAUREN KLEIN	EVP, GEN. COUNSEL & CORP SEC.	0.00	Officer	$0	$35,171	$616,282
WHITNEY BARRAT	DIRECTOR, PLANNING & ADMINISTRATION	35.00	Highest	$166,685	$39,941	$206,626
SHREYA GHOSHAL	DIRECTOR, SPECIAL PROJECTS	35.00	Highest	$135,091	$11,658	$146,749

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$104,589,930	$104,505,153	$3,742,037	$84,777
2022	$277,875,106	$277,765,382	$39,530,381	$109,724
2021	$127,681,414	$128,089,977	$24,100,479	$-408,563
2020	$24,270,437	$24,222,714	$4,059,369	$47,723
2019	$12,763,124	$12,620,980	$3,022,367	$142,144
2018	$4,706,850	$4,676,901	$736,719	$29,949

LINCOLN CENTER DEVELOPMENT PROJECT INC