BROOKLYN ART INCUBATOR 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

2003

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BROOKLYN ART INCUBATOR INC, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $710 in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 63% operating deficit.

Mission

SUPPORT YOUTH AND FAMILIES THROUGH ARTS

Program Service Accomplishments

Program 1

Expenses: $1,157 Revenue: $710

BRIDGES TO HEALTH-NYSDCFS 20 FAMILIES OF CHILDREN IN FOSTER CARE ORRECENTLY RETURNED TO BIRTH FAMILIIES BAIR WAIVER SERVICE PROVIDERSPROVIDED SERVICE AND SUPPORTED FAMILIES IN THEIR HOMES AND IN THE...

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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 $710

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63

Fundraising Expenses $0

Program Expenses $1,157

Other Expenses $1,094

TOTAL EXPENSES $1,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$710	$11,005	-0.9%
Expenses	$1,157	$55,947	-1.0%
Net Income	$-447	$-44,942	-1.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDITH LANGFORD	SECRETARYTREASURER	30.00	Officer	$0	$0	$0
CARL HIXSON	CHAIRPERSON	30.00	Officer	$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	$710	$1,157	$344	$-447
2022	$11,005	$55,947	$791	$-44,942
2021	$19,935	$21,153	$14,043	$-1,218
2020	$7,977	$40,556	$18,631	$-32,579
2018	$178,600	$158,590	$36,577	$20,010