LOWER MANHATTAN CULTURAL COUNCIL I… - Form 990 Financial Data

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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

1973

Legal Domicile

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).

Program Service Accomplishments

Program 1

Expenses: $2,857,611

GRANTS & SERVICES: SEE SCHEDULE O.

Program 2

Expenses: $759,842

ARTIST RESIDENCIES:STUDIO RESIDENCY PROGRAM THAT PROVIDES ARTISTS, WRITERS AND ART GROUPS WORKING IN DIVERSE MEDIA AND GENRES WITH FREE WORKSPACE AND ACCESS TO OTHER RESOURCES AND SERVICES.

Program 3

Expenses: $514,276 Revenue: $279,871

PROGRAMS:A VARIETY OF PUBLIC PROGRAMS (SYMPOSIA, CONFERENCES, PUBLIC ART EXHIBITS, PERFORMANCES, AND FILM SCREENINGS) PRODUCED TO STIMULATE INNOVATIVE ART AND DIALOGUE ON CONTEMPORARY URBAN ISSUES...

PROGRAMS:A VARIETY OF PUBLIC PROGRAMS (SYMPOSIA, CONFERENCES, PUBLIC ART EXHIBITS, PERFORMANCES, AND FILM SCREENINGS) PRODUCED TO STIMULATE INNOVATIVE ART AND DIALOGUE ON CONTEMPORARY URBAN ISSUES, AND TO BRING ART TO DOWNTOWN AUDIENCES.

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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 (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

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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

$374,371

Total Directors

Key Employees

Highest Compensated

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

LOWER MANHATTAN CULTURAL COUNCIL INC