New York Folklore Society 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

1950

Legal Domicile

Principal Officer

Ellen McHale

Phone

5183467008

Tax Period

2023-01-01 to 2023-12-31

New York Folklore Society Inc, founded in 1950, is a small nonprofit that reported $755K in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $681K left a modest 10% surplus.

Mission

Provides technical assistance to professional folklorists, traditional artists, and other individuals and organizations involved with folklore.

Program Service Accomplishments

Program 1

Expenses: $625,442 Revenue: $755,484

To promote and encourage the study and continuation of folklore of the diverse cultures of New York State.

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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 $706,951

Program Service Revenue $38,775

Investment Income $24

Other Revenue $9,734

TOTAL REVENUE $755,484

Expense Breakdown

Grants Paid $211,102

Salaries & Benefits $217,662

Fundraising Expenses $0

Program Expenses $625,442

Other Expenses $252,273

TOTAL EXPENSES $681,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,484	$444,927	+0.7%
Expenses	$681,037	$454,174	+0.5%
Net Income	$74,447	$-9,247	-9.1%

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

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

$94,611

Key Employees

$71,523

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ellen McHale	Executive Director	40.00	Director Key Emp	$71,523	$0	$71,523
Wildredo Morel	President	2.00	Officer Director	$0	$0	$0
Maria Kennedy	Vice President	2.00	Officer Director	$0	$0	$0
James Hall	Treasurer	2.00	Officer Director	$0	$0	$0
Aaron Paige	Secretary	2.00	Officer Director	$0	$0	$0
Evelyn D'Agostino-Sasso	Director	0.00	Director	$0	$0	$0
Mackenzie Kwok	Director	0.00	Director	$0	$0	$0
Edward YJ Millar	Director	0.00	Director	$0	$0	$0
Nada Odeh	Director	0.00	Director	$0	$0	$0
Kay Turner	Director	0.00	Director	$0	$0	$0
Sandra AM Bell	Director	0.00	Director	$0	$0	$0
Mira Johnson	Director	0.00	Director	$0	$0	$0
Will Walker	Director	0.00	Director	$0	$0	$0
Vicie Rolling	Director	0.00	Director	$0	$0	$168
Devesh Chandra	Director	0.00	Director	$0	$0	$22,920

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	$755,484	$681,037	$95,930	$74,447
2022	$444,927	$454,174	$11,351	$-9,247
2021	$362,967	$369,012	$22,320	$-6,045
2020	$269,752	$251,086	$79,513	$18,666
2019	$378,711	$372,693	$17,200	$6,018
2018	$370,763	$369,289	$21,534	$1,474