COOL CULTURE INC

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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

1999

Legal Domicile

Phone

7182304186

Tax Period

2022-07-01 to 2023-06-30

COOL CULTURE INC, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 49% operating deficit.

Mission

TO AMPLIFY THE VOICES OF FAMILIES AND STRENGTHEN THE POWER OF HISTORICALLY MARGINALIZED COMMUNITIES THROUGH ENGAGEMENT WITH ART AND CULTURE, BOTH WITHIN CULTURAL INSTITUTIONS AND BEYOND.

Program Service Accomplishments

Program 1

Expenses: $1,194,551 Revenue: $880,373

COOL CULTURE ENVISIONS AN EQUITABLE SOCIETY THAT VALUES,EMBRACES AND IS ENRICHED BY ALL CULTURES. WE IMPROVE OUTCOMES FOR CHILDREN,FAMILIES AND COMMUNITIES BY ENCOURAGING THE USE OF ARTS AND CULTURE TO CELEBRATE THEIR CULTURAL HERITAGE AND CREATIVITY,AND TO CONNECT AND BUILD COMMUNITY. EACH YEAR WE PARTNER WITH:50,000 FAMILIES WHO LIVE THROUGHOUT THE FIVE BOROUGHS OF NYC AND WHO REFLECT THE FUTURE CULTURAL DEMOGRAPHICS OF OUR NATION.OVER 1,000 EDUCATORS AND ADMINISTRATORS FROM 400+SCHOOLS, AND COMMUNITY-BASED ORGANIZATIONS THAT PROVIDE SERVICES TO FAMILIES.HUNDREDS OF MUSEUM EDUCATORS,ARTISTS,ADMINISTRATORS,AND DIRECTORS FROM 90 OF NYC'S FINEST MUSEUMS,BOTANICAL GARDENS,HISTORICAL SOCIETIES, AND ZOOS.

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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 $519,521

Program Service Revenue $624,843

Investment Income $831

Other Revenue $0

TOTAL REVENUE $1,145,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,281,760

Fundraising Expenses $314,417

Program Expenses $1,194,551

Other Expenses $426,398

TOTAL EXPENSES $1,708,158

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,145,195	$1,802,540	-0.4%
Expenses	$1,708,158	$1,483,017	+0.2%
Net Income	$-562,963	$319,523	-2.8%

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

Governance

Voting Members

Independent Members

Employees

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

$201,865

Total Directors

Key Employees

$316,318

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CHRISTOPHER JOHN GODFREY	MEMBER	1.00	Director	$0	$0	$0
ROB KRULAK	CHAIR	1.00	Director	$0	$0	$0
RISA MEYER	SECRETARY	1.00	Director	$0	$0	$0
EDWINA MEYERS	CHAIR EMERITUS	1.00	Director	$0	$0	$0
AHMED YEARWOOD	VICE CHAIR	1.00	Director	$0	$0	$0
SAMANTHA GILBERT	CHAIR EMERITUS	1.00	Director	$0	$0	$0
CATHY ELKIES	MEMBER	1.00	Director	$0	$0	$0
CANDICE ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer Key Emp Highest	$201,865	$0	$201,865
TRACEY GREENIDGE	DIRECTOR OF DEVELOPMENT	40.00	Key Emp Highest	$114,453	$0	$114,453
JONATHAN VANANTWERPEN	MEMBER	1.00	Director	$0	$0	$0
JARED COOPER	MEMBER	1.00	Director	$0	$0	$0
DIXIE CHING	MEMBER	1.00	Director	$0	$0	$0
LYNNE TOYE	TREASURER	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,145,195	$1,708,158	$825,474	$-562,963
2022	$1,802,540	$1,483,017	$1,457,476	$319,523
2021	$1,633,880	$1,051,456	$1,174,660	$582,424
2020	$1,183,613	$1,111,536	$589,370	$72,077
2019	$1,120,630	$1,114,169	$357,852	$6,461
2018	$1,236,907	$1,288,635	$285,221	$-51,728