NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SPACE ON THE FARMINC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $545K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 102% operating deficit.
TO CREATE AN ENVIRONMENT SINGULAR IN ITS ABILITY TO INVIGORATE ARTISTS AND INNOVATORS AND THEIR WORK, AND TO CONTRIBUTE TO THE SUSTAINABILITY AND RESOURCEFUL PRESERVATION OF ONE OF THE OLDEST ORGANIC FAMILY FARMS ON THE EAST COAST.
SPACE ON THE FARM, INC. ("SPACE") WAS FOUNDED IN 2010 WITH THE MISSION TO CREATE AN ENVIRONMENT SINGULAR IN ITS ABILITY TO INVIGORATE ARTISTS AND INNOVATORS AND THEIR WORK, AND CONTRIBUTE TO THE...
SPACE ON THE FARM, INC. ("SPACE") WAS FOUNDED IN 2010 WITH THE MISSION TO CREATE AN ENVIRONMENT SINGULAR IN ITS ABILITY TO INVIGORATE ARTISTS AND INNOVATORS AND THEIR WORK, AND CONTRIBUTE TO THE SUSTAINABILITY AND RESOURCEFUL PRESERVATION OF RYDER FARM, ONE OF THE OLDEST FAMILY-RUN ORGANIC FARMS ON THE EAST COAST. IN 2019, SPACE EXPANDED ITS ACTIVITIES TO INCLUDE OPERATING THE AGRICULTURAL FARMING PROGRAMS OF RYDER FARM, AND RESTATED ITS PURPOSES AS FOLLOWS: TO FACILITATE RETREATS AND WORKSHOPS FOR ARTISTS, AND OTHER INNOVATORS ON THE GROUNDS OF NEW YORK'S RYDER FARM; TO CULTIVATE, PROMOTE, FOSTER, SPONSOR AND DEVELOP THE CREATIVE ENDEAVORS AND ABILITIES OF THOSE IN THE ARTISTIC, ACTIVIST, FARMING, AND FOOD COMMUNITIES; TO PROMOTE SOCIAL INTERCOURSE AMONGST THE ARTISTIC, ACTIVIST, FARMING AND FOOD COMMUNITIES AND OTHER MEMBERS OF THE GENERAL PUBLIC REGARDING THE IMPORTANCE OF A "GREEN OR ENVIRONMENTALLY CONSCIOUS SOCIETY, A SUSTAINABLE FOOD SYSTEM, AND THE RELATIONSHIP BETWEEN THE ARTS, SOCIAL ACTIVISM, AND AGRICULTURE; TO EDUCATE THE ARTISTIC AND ACTIVIST COMMUNITIES AND THE GENERAL PUBLIC ON ORGANIC AND SUSTAINABLE FARMING PRACTICES AND FOOD JUSTICE ISSUES; AND TO PROVIDE AFFORDABLE FRESH ORGANIC PRODUCE TO LOCAL UNDERSERVED COMMUNITIES. IN 2020, IN RESPONSE TO THE COVID-19 PANDEMIC SPACE TEMPORARILY EXPANDED ITS ACTIVITIES TO INCLUDE OFFERING ONLINE RESOURCES AND DIRECT GRANTS TO ITS ARTIST COMMUNITY TO PROVIDE SKILLS AND RESOURCES AT A TIME OF CRISIS. BEGINNING IN 2021, SPACE REOPENED ITS RESIDENCY PROGRAM, BUT AT A SMALLER SCALE AND WITH MULTIPLE SAFETY MEASURES IN PLACE FOR BOTH THE RESIDENTS AND STAFF. IN 2022 SPACE CONTINUED WITH RESIDENCIES AT A SMALLER SCALE AND DID NOT OPEN A CSA PROGRAM TO ALLOW FOR CONTINUED SAFETY PROTOCOLS FOR COVID-19. IN 2023 SPACE FINISHED FULFILLING ITS OBLIGATIONS TO RESIDENTS WHO HAD BEEN SELECTED FOR RESIDENCY PROGRAMS BEFORE THE PANDEMIC BEGAN AND OPENED A ROBUST FARMSTAND FOR COMMUNITY MEMBERS TO PURCHASE PRODUCE. AS THE FUTURE UNFOLDS, SPACE PLANS TO CONTINUE ITS SUPPORT OF ARTISTS AND INNOVATORS, WHILE ALSO FINDING NEW AND EXCITING WAYS TO PROVIDE FRESH VEGETABLES TO THE LOCAL COMMUNITY. IN 2024, SPACE MADE THE DIFFICULT BUT FINANCIALLY NECESSARY DECISION TO CEASE ITS CURRENT OPERATIONS AND PLACE THE ORGANIZATION INTO A HIATUS. ANNOUNCED IN MAY OF 2024, THE ORGANIZATION FULFILLED A PORTION OF ITS ARTISTIC RESIDENCIES FOR THE YEAR AND CONTINUED FARMING ACTIVITIES THROUGH AUGUST OF 2024. THE ORGANIZATION'S BOARD WILL BECOME A CARETAKING ONE AND WILL ENURE THAT SPACE MAINTAINS ITS TAX EXEMPT STATUS. ACTIVE FUNDRAISING HAS PAUSED AND THERE ARE NO PROGRAMMATIC ACTIVITIES PLANNED.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $544,703 | $809,539 | -0.3% |
| Expenses | $1,101,951 | $1,376,539 | -0.2% |
| Net Income | $-557,248 | $-567,000 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| JANET OLSHANSKY | CO-CHAIR | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| LEE SEYMOUR | CO-CHAIR | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| LAKISHA MAY | CO-VICE-CHAIR | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| DARREN ROBERTSON | CO-VICE-CHAIR & SECRETARY | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| JOE FINNEGAN | INTERIM TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| NINA CURLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SALLY CADE HOLMES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROLINE KELLEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEEPA PUROHIT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BLAIR RUSSELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALAN RYDER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL SHEA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MFONISO UDOFIA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMARA WHITE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY BURDICK | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$150,972 | $0 | $150,972 |
| ALLYSON DAVIS | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$120,884 | $0 | $120,884 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $544,703 | $1,101,951 | $942,191 | $-557,248 |
| 2022 | $809,539 | $1,376,539 | $2,035,694 | $-567,000 |
| 2021 | $1,697,871 | $1,454,032 | $1,971,566 | $243,839 |
| 2020 | $951,933 | $1,151,007 | $1,828,583 | $-199,074 |
| 2019 | $2,275,085 | $1,248,230 | $1,971,235 | $1,026,855 |
| 2019 | $2,235,488 | $1,248,230 | $1,931,638 | $987,258 |
| 2018 | $928,873 | $794,282 | $940,356 | $134,591 |
Compare SPACE ON THE FARMINC with other nonprofits in New York and across the country.