RED HOOK ART PROJECT INC (EIN 266658925) - 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

2014

Legal Domicile

Principal Officer

Dr Natasha Campbell

Phone

3478894098

Tax Period

2023-01-01 to 2023-12-31

RED HOOK ART PROJECT INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $506K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $611K exceeded revenue, resulting in a 21% operating deficit.

Mission

MENTORING AND TUTORING FOR HIGH-RISK CHILDREN AND YOUTH IN OR NEAR RED HOOK, BROOKLYN.

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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 $505,019

Program Service Revenue $0

Investment Income $0

Other Revenue $1,188

TOTAL REVENUE $506,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,521

Fundraising Expenses $36,731

Program Expenses $502,331

Other Expenses $352,200

TOTAL EXPENSES $610,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,207	$779,480	-0.4%
Expenses	$610,721	$630,210	0.0%
Net Income	$-104,514	$149,270	-1.7%

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

$81,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tiffiney Davis	Executive Dir.	40.00	Officer	$81,197	$0	$81,197
Robin Chamberlain	Trustee	2.00	Director	$0	$0	$0
Crystal Harper	Treasurer	5.00	Officer Director	$0	$0	$0
Alyce Erdekian	Secretary	5.00	Officer Director	$0	$0	$0
Dr Natasha Campbell	Chairperson	5.00	Officer Director	$0	$0	$0
Heather Corbett	Co-Chairperson	5.00	Officer Director	$0	$0	$0
Melanie Paul	Trustee	2.00	Director	$0	$0	$0
Laura Vogel	Trustee	2.00	Director	$0	$0	$0
Mary Waugh	Trustee	2.00	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	$506,207	$610,721	$236,200	$-104,514
2022	$779,480	$630,210	$340,259	$149,270
2021	$672,920	$581,369	$188,417	$91,551
2020	$583,283	$554,272	$127,014	$29,011
2018	$316,790	$170,574	$167,461	$146,216

RED HOOK ART PROJECT INC