CITY OF ASYLUM (EIN 202810099) - 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

2004

Legal Domicile

Principal Officer

CHARLES O'HANLON III

Phone

4124351110

Tax Period

2023-12-01 to 2024-11-30

CITY OF ASYLUM, founded in 2004, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 7% surplus.

Mission

CITY OF ASYLUM BUILDS A JUST COMMUNITY BY PROTECTING AND CELEBRATING FREEDOM OF CREATIVE EXPRESSION. WE PROVIDE SANCTUARY TO ENDANGERED LITERARY WRITERS AND ARTISTS, SO THAT THEY CAN CONTINUE TO CREATE AND THEIR VOICES ARE NOT SILENCED. WE OFFER A BROAD RANGE OF FREE LITERARY, ARTS, AND HUMANITIES PROGRAMS IN A COMMUNITY SETTING TO BUILD SOCIAL EQUITY THROUGH CULTURAL EXCHANGE. AND BY TRANSFORMING BLIGHTED PROPERTIES INTO HOMES FOR OUR PROGRAMS, WE ANCHOR NEIGHBORHOOD ECONOMIC DEVELOPMENT.

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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 $2,011,458

Program Service Revenue $1,509

Investment Income $45,159

Other Revenue $0

TOTAL REVENUE $2,058,126

Expense Breakdown

Grants Paid $231,030

Salaries & Benefits $872,203

Fundraising Expenses $136,451

Program Expenses $1,165,699

Other Expenses $819,841

TOTAL EXPENSES $1,923,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,058,126	$1,283,016	+0.6%
Expenses	$1,923,074	$1,859,240	+0.0%
Net Income	$135,052	$-576,224	-1.2%

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

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

Total Directors

$25,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH HENRY REESE	CHAIR AS OF 12/23	40.00	Officer Director	$0	$0	$0
ANNE BILLIET LACKNER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHARLES F O'HANLON III	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JULIET LEA HILLMAN SIMONDS	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE SAMUELS	BOARD MEMBER	30.00	Director	$0	$0	$0
GWENDOLYN MOORER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA TALERICO	BOARD MEMBER	2.00	Director	$0	$0	$0
AKHIL SHARMA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN MCKEEGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAMON YOUNG	DIRECTOR AS OF 4/24	1.00	Director	$0	$0	$0
DAVID FINEGOLD	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
JANET SARBAUGH	DIRECTOR AS OF 1/24	1.00	Director	$0	$0	$0
CAROLINE LLEWELLYN	EXECUTIVE DIRECTOR AS OF 1/24	40.00	Director	$25,000	$0	$25,000
CHARLOTTE COHEN	FORMER EXECUTIVE DIRECTOR THRU 4/23	40.00		$43,662	$1,264	$44,926
ANDRES FRANCO GOMEZ	FORMER EXECUTIVE DIRECTOR THRU 1/23	40.00		$25,269	$398	$25,667

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	$2,058,126	$1,923,074	$4,393,289	$135,052
2023	$1,283,016	$1,859,240	$4,509,266	$-576,224
2022	$2,048,049	$1,418,286	$5,402,397	$629,763
2021	$1,872,820	$1,224,536	$8,983,575	$648,284
2020	$1,501,602	$1,105,387	$8,455,787	$396,215
2019	$1,449,574	$1,336,047	$7,830,788	$113,527
2018	$1,304,881	$928,625	$7,693,431	$376,256

CITY OF ASYLUM