LITTLE FEATHER WORKS INC

EIN: 263883993 501(c)(3) Education

New York, NY

Total Revenue
$386,783
Total Expenses
$399,251
Total Assets
$100,599
Net Assets
$100,599
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
Solbong Kim
Phone
6465354234
Tax Period
2022-01-01 to 2022-12-31

LITTLE FEATHER WORKS INC, founded in 2009, is a small nonprofit in the Education sector that reported $387K in total revenue in fiscal year 2022. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

Little Feather Works, Inc's mission is to assist artists and artists' collectives by helping to develop and present new and exciting works, offering educational programs and actively engaging community participation, programs and interactions with artists and artists' collectives; to promote artistic endeavors of all kinds and present challenging opportunities for artists to explore the boundaries of their creativity and promote an appreciation of works of various artists by the community and the public at large.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $830
Program Service Revenue $385,953
Investment Income $0
Other Revenue $0
TOTAL REVENUE $386,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,748
Fundraising Expenses $0
Program Expenses $273,971
Other Expenses $100,503
TOTAL EXPENSES $399,251

Year-over-Year Comparison

2022 2021 Change
Revenue $386,783 $497,924 -0.2%
Expenses $399,251 $388,902 +0.0%
Net Income $-12,468 $109,022 -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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
20

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
2
$148,247
Total Directors
3
$152,497
Key Employees
2
$152,497
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Solbong Kim President/Artistic Director 40
Officer Director Key Emp Highest
$148,247 $0 $148,247
Sang Woo Kang Program Coordinator 5
Director Key Emp
$4,250 $0 $4,250
Daniel Lee Secretary 5
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
2022 $386,783 $399,251 $100,599 $-12,468
2021 $497,924 $388,902 $113,067 $109,022
2019 $422,650 $426,711 $30,671 $-4,061
2018 $430,886 $418,155 $34,732 $12,731
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