CITY SEMINARY OF NEW YORK (EIN 260030436) - 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

2001

Legal Domicile

Phone

2127492717

Tax Period

2023-01-01 to 2023-12-31

CITY SEMINARY OF NEW YORK, founded in 2001, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum. Net assets of $21.1M represent 70 months of operating reserves.

Mission

THE ORGANIZATION ENGAGES IN THE TEACHING AND TRAINING OF URBAN MINISTRY IN NEW YORK CITY AND OTHER URBAN AREAS.

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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 $3,562,458

Program Service Revenue $19,943

Investment Income $9,476

Other Revenue $6,152

TOTAL REVENUE $3,598,029

Expense Breakdown

Grants Paid $22,500

Salaries & Benefits $1,695,699

Fundraising Expenses $175,645

Program Expenses $3,257,681

Other Expenses $2,152,439

TOTAL EXPENSES $3,870,638

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,598,029	$1,682,584	+1.1%
Expenses	$3,870,638	$3,019,538	+0.3%
Net Income	$-272,609	$-1,336,954	-0.8%

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

$330,704

Total Directors

$330,704

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK R GRONIK	President	40.00	Officer Director	$323,000	$7,704	$330,704
BIJU GEORGE	Director	1.00	Director	$0	$0	$0
MARJORIE CALVERT	Director	1.00	Director	$0	$0	$0
DERRICK MIU	Secretary	1.00	Director	$0	$0	$0
BOLA OYESANYA	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SUSAN POST	Director	1.00	Director	$0	$0	$0
JEFF WHITE	Treasurer	1.00	Officer Director	$0	$0	$0

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	$3,598,029	$3,870,638	$22,284,657	$-272,609
2022	$1,682,584	$3,019,538	$21,649,007	$-1,336,954
2021	$5,727,624	$2,396,664	$8,533,916	$3,330,960
2020	$6,577,294	$1,969,437	$6,633,276	$4,607,857
2019	$2,171,173	$1,750,782	$2,405,232	$420,391
2018	$1,574,331	$1,604,099	$2,153,880	$-29,768

CITY SEMINARY OF NEW YORK