NO LONGER EMPTY 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

2010

Principal Officer

CHRISTINE LICATA

Phone

9174262666

Tax Period

2020-01-01 to 2020-12-31

NO LONGER EMPTY INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2020. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $247K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO WIDEN THE PUBLIC ENGAGEMENT FOR CONTEMPORARY ART, TO PROMOTE THE WORK OF ARTISTS, AND TO DEMONSTRATE THE CAPACITY OF ART TO REVITALIZE COMMUNITIES. NO LONGER EMPTY CURATES EXHIBITIONS AS WELL AS COLLABORATES AND HOSTS CULTURUAL AND EDUCATONAL PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $169,517

NO LONGER EMPTY ACTIVATES PUBLIC ENGAGEMENT WITH ART THROUGH SITE AND COMMUNITY RESPONSIVE EXHIBITIONS. MAIN ACTIVITIES FEATURE CURATORIAL RESEARCH, ARTISTS COMMISSIONS, AS WELL AS FREE EDUCATION AND CULTURAL PROGRAMS. FREE CULTURAL EVENTS INCLUDE ARTIST AND PANEL DISCUSSIONS AS WELL AS SPOKEN WORD, MUSIC, AND OTHER OFFERINGS TO ENGAGE DIVERSE AUDIENCES AND INCREASE ACCESS TO THE ARTS. NLE CURATORIAL LAB (NLE LAB) IS A PROFESSIONAL DEVELOPMENT PROGRAM FOR EMERGING CURATORS AND ARTS PROFESSIONALS INTERESTED IN GAINING DIRECT EXPERIENCE CURATING IN AN EXPANDED FIELD. WITH A FOCUS ON RESEARCH, PROJECT-BASED LEARNING AND COLLABORATION, NLE LAB DEEPENS AN UNDERSTANDING OF THE DEVELOPMENT OF EXHIBITION AND RELATED PROGRAMMING WITHIN THE CONTEXT OF AN URBAN SETTING AND CULMINATES IN A SITE-RESPONSIVE EXHIBITION. NLE EDUCATION PROGRAMS INSPIRE NEW YORK CITY'S YOUGH COLLECTIVE STORYTELLING AND RE-IMAGINING PUBLIC SPACES THROUGH ART. TEEN PARTICIPANTS LEARN TO USE ART AS A TOOL TO DEVELOP THEIR OWN PROJECTS, STRENGTHEN COMMUNITY NETWORKS, AND ENVISION A FUTURE CRAFTED BY THEIR OWN DESIGN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $172,309

Program Service Revenue $126

Investment Income $0

Other Revenue $0

TOTAL REVENUE $172,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,118

Fundraising Expenses $30,289

Program Expenses $169,517

Other Expenses $125,888

TOTAL EXPENSES $247,006

Year-over-Year Comparison

	2020	2019	Change
Revenue	$172,435	$216,447	-0.2%
Expenses	$247,006	$384,002	-0.4%
Net Income	$-74,571	$-167,555	-0.6%

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

N/A

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

$68,539

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE LICATA	EXECUTIVE DI	40.00	Officer	$68,539	$0	$68,539
FRANCES BEINECKE	BOARD MEMBER	N/A	Director	$0	$0	$0
JULIA DRAGANOVIC	BOARD MEMBER	N/A	Director	$0	$0	$0
NAOMI HERSSON-RINGSKOG	BOARD MEMBER	N/A	Director	$0	$0	$0
AMY KAUFMAN	SECRETARY	N/A	Officer Director	$0	$0	$0
JON KIRKLAND	BOARD MEMBER	N/A	Director	$0	$0	$0
DARA METZ	BOARD MEMBER	N/A	Director	$0	$0	$0
DANNI PASCUMAI	BOARD MEMBER	N/A	Director	$0	$0	$0
RIVKA SAKER	BOARD MEMBER	N/A	Director	$0	$0	$0
ISABEL SHEINMAN	BOARD MEMBER	N/A	Director	$0	$0	$0
APRIL DE SIMONE	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHAEL STEINBERG	CO-CHAIR	N/A	Officer Director	$0	$0	$0
NANCY SCHWARTZ WEINSTOCK	CO-CHAIR	N/A	Officer Director	$0	$0	$0
JOANNA WU	TREASURER	N/A	Officer Director	$0	$0	$0
BRETT ZACCARDI	BOARD MEMBER	N/A	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
2020	$172,435	$247,006	$119,897	$-74,571
2019	$216,447	$384,002	$195,812	$-167,555
2018	$628,500	$854,219	$389,759	$-225,719