LIGHT INDUSTRY CINEMA PROJECTS LTD

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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

2008

Legal Domicile

Principal Officer

EDWARD HALTER Director

Phone

6467291047

Tax Period

2024-08-01 to 2025-07-31

LIGHT INDUSTRY CINEMA PROJECTS LTD, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $297K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $280K left a modest 6% surplus.

Mission

Light Industry Cinema Projects promotes cinema as an art form through the presentation of events in New York City at our dedicated space and other spaces, publishing, and assistance to select film productions. The goal of the organization is (Continued on Schedule O, Statement 2)

Program Service Accomplishments

Program 1

Expenses: $252,243 Revenue: $117,811

During the fiscal period from the middle of 2024 to the middle of 2025, Light Industry Cinema Projects presented 45 public programs in New York City, with an in-person attendance of approximately...

During the fiscal period from the middle of 2024 to the middle of 2025, Light Industry Cinema Projects presented 45 public programs in New York City, with an in-person attendance of approximately 5000 total individuals

Program 2

Expenses: $18,845 Revenue: $15,333

Design and editorial work on the book OLIA LIALINA and publication and distribution of the book COUSIN READER.

Program 3

Revenue: $10,311

Fiscal sponsorship of MEZZANINE/LA FESTIVAL OF MOVIES, a cinematheque and film festival in Los Angeles, CA, and an untitled project by independent filmmaker James Paul Dallas.

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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 $267,030

Program Service Revenue $27,385

Investment Income $0

Other Revenue $2,446

TOTAL REVENUE $296,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,500

Fundraising Expenses $0

Program Expenses $271,088

Other Expenses $194,979

TOTAL EXPENSES $280,479

Year-over-Year Comparison

	2024	2023	Change
Revenue	$296,861	$226,957	+0.3%
Expenses	$280,479	$198,327	+0.4%
Net Income	$16,382	$28,630	-0.4%

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

N/A

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

$42,750

Total Directors

Key Employees

$85,500

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EDWARD HALTER	DIRECTOR	Officer Key Emp	$42,750	$0	$42,750
THOMAS BEARD	DIRECTOR	Key Emp	$42,750	$0	$42,750
BRIAN L FRYE	TRUSTEE	Director	$0	$0	$0
JEFFREY S PREISS	PRESIDENT	Director	$0	$0	$0
PAUL CHAN	TRUSTEE	Director	$0	$0	$0
MAX WEINMAN	SECRETARY	Director	$0	$0	$0
JOSHUA SIEGEL	TRUSTEE	Director	$0	$0	$0
NELLIE KILLIAN	TRUSTEE	Director	$0	$0	$0
RUBY LERNER	TRUSTEE	Director	$0	$0	$0
HILTON ALS	TRUSTEE	Director	$0	$0	$0
KELLY REICHARDT	TRUSTEE	Director	$0	$0	$0
SAM BIEDERMAN	TRUSTEE	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
2025	$296,861	$280,479	$80,957	$16,382
2024	$226,957	$198,327	$39,738	$28,630
2023	$173,538	$269,708	$11,108	$-96,170
2022	$225,992	$294,611	$107,278	$-68,619
2021	$227,694	$171,797	$55,897	$55,897
2018	$198,509	$227,349	$10,609	$-28,840