HARLEM NEEDLE ARTS INC

EIN: 203505872 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$220,330
Total Expenses
$210,264
Total Assets
$27,675
Net Assets
$-23,787
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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
NY
Principal Officer
MICHELLE BISHOP
Tax Period
2023-01-01 to 2023-12-31

HARLEM NEEDLE ARTS INC, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2023. Expenses of $210K left a modest 5% surplus.

Mission

Preserve the Narrative of Needle Arts

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $220,330
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $220,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,961
Fundraising Expenses $0
Program Expenses $208,264
Other Expenses $155,303
TOTAL EXPENSES $210,264

Year-over-Year Comparison

2023 2022 Change
Revenue $220,330 N/A N/A
Expenses $210,264 N/A N/A
Net Income $10,066 N/A N/A
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

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Governance

Voting Members
6
Independent Members
N/A
Employees
2
Volunteers
2

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG MAYS MEMBER 5.00
Director
$0 $0 $0
LISA SHEPARD STEWART SECRETARY 2.00
Officer
$0 $0 $0
GAIL EDWARDS TREASURER 3.00
Officer
$0 $0 $0
MICHELLE BISHOP EXECUTIVE DIRECTOR 45.00
Officer
$0 $0 $0
VALERIE SALLEY WASHINGTON PRESIDENT 2.00
Officer
$0 $0 $0
CARLA TIMM VICE PRESIDENT 2.00
Officer
$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 $220,330 $210,264 $27,675 $10,066
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