WHITE COLUMNS INC (EIN 237259446) - 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

1970

Legal Domicile

Principal Officer

MATTHEW HIGGS

Phone

2129244212

Tax Period

2023-09-01 to 2024-08-31

WHITE COLUMNS INC, founded in 1970, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

FOUNDED IN 1970 BY ARTISTS GORDON MATTA-CLARK AND JEFFREY LEW, WHITE COLUMNS IS NEW YORK CITY'S OLDEST ALTERNATIVE ART SPACE. WHITE COLUMNS ORGANIZES AN ONGOING SCHEDULE OF EXHIBITIONS, ARTISTS' PROJECTS, PROGRAMS AND SERVICES LIKE OUR ONLINE CURATED ARTISTS REGISTRY THAT IDENTIFIES SIGNIFICANT EMERGING AND UNDER-REPRESENTED VISUAL ARTISTS AND SERVES AS A DYNAMIC PUBLIC FORUM FOR THE PRESENTATION OF CHALLENGING AND PROVOCATIVE NEW WORK. WE ARE OPEN TO THE PUBLIC, FREE OF CHARGE, ELEVEN MONTHS PER YEAR.

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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 $982,590

Program Service Revenue $0

Investment Income $81,570

Other Revenue $168,744

TOTAL REVENUE $1,232,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $710,212

Fundraising Expenses $216,714

Program Expenses $790,651

Other Expenses $549,445

TOTAL EXPENSES $1,259,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,232,904	$1,423,649	-0.1%
Expenses	$1,259,657	$1,194,496	+0.1%
Net Income	$-26,753	$229,153	-1.1%

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

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

$250,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN ABRAMSON	TREASURER	1.00	Officer Director	$0	$0	$0
POLLY APFELBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
GAVIN BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC DIEFENBACH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN EISENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVIDA SCHWABSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNE GREENBERG ROHATYN	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA HALPERT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARILYN MINTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY SLIFKA	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN YAO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALES ORTUZAR	BOARD MEMBER	1.00	Director	$0	$0	$0
JASMIN TSOU	BOARD MEMBER	1.00	Director	$0	$0	$0
YVONNE FORCE	BOARD MEMBER (THROUGH DEC 2023)	1.00	Director	$0	$0	$0
MATTHEW HIGGS	DIRECTOR/CHIEF CURATOR	45.00	Officer	$208,933	$42,008	$250,941

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	$1,232,904	$1,259,657	$3,405,934	$-26,753
2023	$1,423,649	$1,194,496	$3,570,548	$229,153
2022	$1,726,361	$1,143,802	$2,446,871	$582,559
2021	$1,130,216	$822,524	$1,885,990	$307,692
2020	$823,177	$808,369	$1,549,019	$14,808
2019	$812,257	$909,868	$1,424,682	$-97,611
2018	$1,098,576	$946,058	$1,502,286	$152,518

WHITE COLUMNS INC