NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ORCHESTRA OF ST LUKE'S SUPPORT CORPORATION, founded in 2010, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2017. Revenue surged 306% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 99% operating margin.
ORCHESTRA OF ST. LUKE'S SUPPORT CORPORATION (THE ORGANIZATION") IS ORGANIZED AND OPERATED AS A SUPPORTING ORGANIZATION AS DESCRIBED IN SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, OR ANY CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW (THE "CODE"). THE ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF, ST. LUKE'S CHAMBER ENSEMBLE, INC. ("ST. LUKE'S"), AN ORGANIZATION THAT IS EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) AND CLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 509(A)(2) OF THE CODE.
PURSUANT TO THE TAX CREDIT TRANSACTION, ST. LUKE'S RECEIVED FUNDS AS A "QUALIFIED LOW-INCOME COMMUNITY INVESTMENT" FROM A QUALIFIED COMMUNITY DEVELOPMENT ENTITY ("CDE"). IN ORDER TO FACILITATE THE...
PURSUANT TO THE TAX CREDIT TRANSACTION, ST. LUKE'S RECEIVED FUNDS AS A "QUALIFIED LOW-INCOME COMMUNITY INVESTMENT" FROM A QUALIFIED COMMUNITY DEVELOPMENT ENTITY ("CDE"). IN ORDER TO FACILITATE THE TAX CREDIT TRANSACTION, THE ORGANIZATION LOANED FUNDS TO AN UNRELATED LIMITED LIABILITY COMPANY ("INVESTMENT FUND") WHICH USED THE FUNDS, ALONG WITH ADDITIONAL FUNDS FROM OTHER SOURCES, TO INVEST IN THE CDE. THE CDE, IN TURN, LOANED THESE FUNDS TO ST. LUKE'S TO BE USED TO FINANCE THE DEVELOPMENT AND CONSTRUCTION OF THE DIMENNA CENTER FOR CLASSICAL MUSIC ("THE PROJECT"). THE ORGANIZATION RETAINED THE RIGHT TO APPROVE THE USE OF THE FUNDS BY THE INVESTMENT FUND AND CDE AND ENSURED THAT SUCH FUNDS WERE USED TO FINANCE THE PROJECT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2017 | 2016 | Change | |
|---|---|---|---|
| Revenue | $1,844,377 | $454,592 | +3.1% |
| Expenses | $14,427 | $9,415 | +0.5% |
| Net Income | $1,829,950 | $445,177 | +3.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NORMAN BENZAQUEN | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES ROE | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $9,521 | $194,887 |
| DAVID WEBBER | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $7,727 | $132,869 |
| STEVEN LEIFER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2018 | $1,844,377 | $14,427 | No data | $1,829,950 |
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