LOWER MANHATTAN CULTURAL COUNCIL INC

EIN: 237348782 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$4,206,254
Total Expenses
$4,842,523
Total Assets
$9,356,332
Net Assets
$8,043,269
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
MOHAMMAD YOUSUF
Phone
2122199401
Tax Period
2024-07-01 to 2025-06-30

LOWER MANHATTAN CULTURAL COUNCIL INC, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO CREATE A FERTILE & NURTURING ENVIRONMENT FOR ARTISTS & ART GROUPS (CONTINUED ON SCHEDULE O).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,956,379
Program Service Revenue $279,871
Investment Income $37
Other Revenue $-30,033
TOTAL REVENUE $4,206,254

Expense Breakdown

Grants Paid $1,775,750
Salaries & Benefits $1,198,236
Fundraising Expenses $254,852
Program Expenses $4,131,729
Other Expenses $1,868,537
TOTAL EXPENSES $4,842,523

Year-over-Year Comparison

2024 2023 Change
Revenue $4,206,254 $6,081,156 -0.3%
Expenses $4,842,523 $5,483,675 -0.1%
Net Income $-636,269 $597,481 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
21
Independent Members
21
Employees
23
Volunteers
21

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
6
$374,371
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG SCHWITTER BOARD CHAIR, EXECUTIVE COMMITTEE CHAIR 3.00
Officer Director
$0 $0 $0
ERIC MUNSON TREASURER 3.00
Officer Director
$0 $0 $0
SHARON ULLMAN SECRETARY 3.00
Officer Director
$0 $0 $0
GEOFFREY BOULTER MEMBER 3.00
Director
$0 $0 $0
BENNET DUNKLEY MEMBER 3.00
Director
$0 $0 $0
BRUCE EHRMANN MEMBER 3.00
Director
$0 $0 $0
EKENE EZULIKE MEMBER 3.00
Director
$0 $0 $0
FRANCIS GREENBURGER MEMBER 3.00
Director
$0 $0 $0
TERRY HUDAK MEMBER 3.00
Director
$0 $0 $0
ANITA LAREMONT MEMBER 3.00
Director
$0 $0 $0
JOHN MCGINLEY MEMBER 3.00
Director
$0 $0 $0
ADAM MEISTER MEMBER 3.00
Director
$0 $0 $0
EDDIE OPARA MEMBER 3.00
Director
$0 $0 $0
NAZLI PARVIZI MEMBER 3.00
Director
$0 $0 $0
DAVID QUENEMOEN MEMBER 3.00
Director
$0 $0 $0
ANNA RAGINSKAYA MEMBER 3.00
Director
$0 $0 $0
R SARAH RICHARDSON MEMBER 3.00
Director
$0 $0 $0
HAL STEIN MEMBER 3.00
Director
$0 $0 $0
SUJOHN SARKAR MEMBER 3.00
Director
$0 $0 $0
MATTHEW VAN BUREN MEMBER 3.00
Director
$0 $0 $0
JOLENE YEATS MEMBER 3.00
Director
$0 $0 $0
CRAIG PETERSON PRESIDENT & CEO (TO 12/2024) 35.00
Officer
$191,795 $19,507 $211,302
MOHAMMAD YOUSUF PRESIDENT & CEO 35.00
Officer
$121,667 $8,597 $130,264
EMMA S MONTAYA HILLS CHIEF OPERATING OFFICER 35.00
Officer
$32,083 $722 $32,805
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 $4,206,254 $4,842,523 $9,356,332 $-636,269
2024 $6,081,156 $5,483,675 $10,552,637 $597,481
2023 $5,022,154 $5,415,486 $9,170,086 $-393,332
2022 $4,461,109 $4,961,913 $9,889,448 $-500,804
2021 $4,161,213 $4,398,322 $12,296,474 $-237,109
2020 $4,728,251 $4,472,392 $12,555,901 $255,859
2019 $6,864,899 $3,940,013 $12,270,541 $2,924,886
2018 $4,055,823 $3,534,726 $8,349,235 $521,097
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare LOWER MANHATTAN CULTURAL COUNCIL INC with other nonprofits in New York and across the country.