FRIGID NEW YORK INC

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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

2009

Legal Domicile

Principal Officer

EREZ ZIV

Phone

2127776088

Tax Period

2024-09-01 to 2025-08-31

FRIGID NEW YORK INC, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $911K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE BOTH EMERGING AND ESTABLISHED ARTISTS THE OPPORTUNITY TO CREATE AND PRODUCE ORIGINAL WORK AND TO AMPLIFY THEIR DIVERSE VOICES.

Program Service Accomplishments

Program 1

Expenses: $794,198 Revenue: $604,929

TO OPERATE A FRIGID FESTIVAL, A SERIES OF ANNUAL FESTIVAL INCLUDING THE DAYS OF THE DEAD, THE GOTHAM STORYTELLING FESTIVAL, THE FIRE THIS TIME FESTIVAL, NEW YORK CITY FRINGE, QUEERLY, ESTROGENIUS...

TO OPERATE A FRIGID FESTIVAL, A SERIES OF ANNUAL FESTIVAL INCLUDING THE DAYS OF THE DEAD, THE GOTHAM STORYTELLING FESTIVAL, THE FIRE THIS TIME FESTIVAL, NEW YORK CITY FRINGE, QUEERLY, ESTROGENIUS, AND THE LITTLE SHAKESPEARE FESTIVAL. TO OPERATE A SMALL VENUE YEAR AROUND IN THE LOWER EAST SIDE, A SERIES OF ALMOST 20 MONTHLY SHOWS, AND AN ARTISTS IN RESIDENCE PROGRAM.

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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 $299,371

Program Service Revenue $604,929

Investment Income $6,370

Other Revenue $0

TOTAL REVENUE $910,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,173

Fundraising Expenses $29,298

Program Expenses $794,198

Other Expenses $677,055

TOTAL EXPENSES $922,228

Year-over-Year Comparison

	2024	2023	Change
Revenue	$910,670	$833,190	+0.1%
Expenses	$922,228	$878,728	+0.0%
Net Income	$-11,558	$-45,538	-0.7%

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

$40,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EREZ ZIV	EXECUTIVE DIRECTOR	40.00	Officer	$40,167	$0	$40,167
Kelley Nicole Girod	DIRECTOR/PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL LEIBOWITZ	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
RANDI BERRY	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
Jimmy Lovet	DIRECTOR	1.00	Director	$0	$0	$0
Martha Lorena Prevet	DIRECTOR	1.00	Director	$0	$0	$0
Debby Alves	DIRECTOR	1.00	Director	$0	$0	$0
Karim Muasher	DIRECTOR	1.00	Director	$0	$0	$0
Celina Crisman	DIRECTOR	1.00	Director	$0	$0	$0
Daniel Berkson	DIRECTOR	1.00	Director	$0	$0	$0
AJ Muhammad	DIRECTOR	1.00	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
2025	$910,670	$922,228	$656,432	$-11,558
2024	$833,190	$878,728	$732,890	$-45,538
2023	$861,712	$857,192	$857,358	$4,520
2022	$621,090	$673,488	$228,345	$-52,398
2021	$300,698	$342,816	$284,164	$-42,118
2020	$359,844	$356,406	$269,439	$3,438
2019	$408,190	$378,686	$69,657	$29,504
2018	$263,266	$276,950	$85,329	$-13,684