54TH STREET CORPORATION INC (EIN 202204292) - Form 990 Financial Analysis & Trantor Score

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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

2005

Legal Domicile

Principal Officer

STEPHEN BERNSTEIN

Phone

9197341111

Tax Period

2024-07-01 to 2025-06-30

54TH STREET CORPORATION INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $109K in total revenue in fiscal year 2024. Expenses of $148K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE HANDICAPPED IN WASHINGTON DC

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $108,638

Investment Income $1

Other Revenue $528

TOTAL REVENUE $109,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,200

Fundraising Expenses $0

Program Expenses $112,765

Other Expenses $123,078

TOTAL EXPENSES $148,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$109,167	$103,064	+0.1%
Expenses	$148,278	$142,183	+0.0%
Net Income	$-39,111	$-39,119	0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN BERNSTEIN	PRESIDENT/CH	1.00	Officer Director	$0	$0	$0
SYLVESTER FIERS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KAY PEARSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHAEL SPEAKES	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID WEIL	MANAGING AGE	1.00		$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	$109,167	$148,278	$989,551	$-39,111
2024	$103,064	$142,183	$1,033,410	$-39,119
2023	$98,775	$122,713	$1,073,971	$-23,938
2022	$88,932	$145,673	$1,099,212	$-56,741
2021	$80,724	$109,736	$1,145,288	$-29,012
2020	$74,818	$61,648	$1,177,508	$13,170
2019	$66,981	$71,787	$1,212,814	$-4,806

54TH STREET CORPORATION INC