BROOKLYN ARTS COUNCIL INC (EIN 237072915) - 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

1966

Legal Domicile

Principal Officer

RASU JILANI

Phone

7186250080

Tax Period

2022-07-01 to 2023-06-30

BROOKLYN ARTS COUNCIL INC, founded in 1966, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO ENRICH THE QUALITY OF LIFE OF THE RESIDENTS OF BROOKLYN THROUGH THE PROMOTION OF THE ARTS IN THE COMMUNITY.

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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 $4,170,398

Program Service Revenue $125,982

Investment Income $555

Other Revenue $11,398

TOTAL REVENUE $4,308,333

Expense Breakdown

Grants Paid $1,190,161

Salaries & Benefits $1,734,976

Fundraising Expenses $381,465

Program Expenses $4,215,711

Other Expenses $2,142,800

TOTAL EXPENSES $5,067,937

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,308,333	$3,833,843	+0.1%
Expenses	$5,067,937	$4,127,616	+0.2%
Net Income	$-759,604	$-293,773	+1.6%

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

$310,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIA YUILLE WILLIAMS	CHARIMAN	2.00	Officer Director	$0	$0	$0
KAREN AUSTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRAZIER HOLLOWAY	TREASURER	2.00	Officer Director	$0	$0	$0
SIDNEY R JEAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CEY ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
AUDREY FRANK ANASTASI	TRUSTEE	1.00	Director	$0	$0	$0
JULIA CHU	TRUSTEE	1.00	Director	$0	$0	$0
JACK ESTERSON	TRUSTEE	1.00	Director	$0	$0	$0
ELLEN GOTTLIEB	TRUSTEE	1.00	Director	$0	$0	$0
LISA DOLBERRY HANCOCK	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY HART	TRUSTEE	1.00	Director	$0	$0	$0
SAMARA EPSTEIN KARASYK	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINA NEWMAN-SCOTT	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE OSUJI	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA STALLWORTH	TRUSTEE	1.00	Director	$0	$0	$0
TOBIE STEIN	TRUSTEE	1.00	Director	$0	$0	$0
RASU JILANI	EXECUTIVE DIRECTOR (FROM 3/23)	35.00	Officer	$0	$0	$0
JILIAN GERSTEN	DEVELOPMENT DIRECTOR	35.00	Officer	$135,250	$2,835	$138,085
CHARLOTTE COHEN	EXECUTIVE DIRECTOR (THROUGH 8/22)	35.00	Officer	$158,977	$13,084	$172,061

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	$4,308,333	$5,067,937	$2,145,801	$-759,604
2022	$3,833,843	$4,127,616	$3,044,754	$-293,773
2021	$4,166,214	$2,996,750	$3,792,186	$1,169,464
2020	$2,796,950	$3,073,291	$2,393,675	$-276,341
2019	$3,683,604	$3,264,459	$2,188,763	$419,145
2018	$2,731,722	$3,038,954	$1,299,005	$-307,232

BROOKLYN ARTS COUNCIL INC