FRIENDS OF THE HIGH LINE INC (EIN 311734086) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

ALAN VAN CAPELLE

Phone

2122069922

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE HIGH LINE INC, founded in 2000, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $21.0M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $118.0M represent 68 months of operating reserves.

Mission

FRIENDS OF THE HIGH LINE IS A NON-PROFIT PARK CONSERVANCY RESPONSIBLE FOR (SEE CONT ON SCH O) MAINTAINING AND OPERATING AN EXTRAORDINARY PUBLIC SPACE ON THE HIGH LINE. THE HIGH LINE IS A 1.45-MILE ELEVATED FREIGHT RAIL LINE TRANSFORMED INTO A PUBLIC PARK ON MANHATTAN'S WEST SIDE.

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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 $15,636,236

Program Service Revenue $2,251,585

Investment Income $1,164,404

Other Revenue $1,918,745

TOTAL REVENUE $20,970,970

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $13,184,337

Fundraising Expenses $3,355,921

Program Expenses $16,346,354

Other Expenses $9,501,023

TOTAL EXPENSES $22,875,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,970,970	$45,164,504	-0.5%
Expenses	$22,875,758	$26,380,499	-0.1%
Net Income	$-1,904,788	$18,784,005	-1.1%

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

217

Volunteers

150

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

$2,144,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIO J PALUMBO JR	CHAIR	3.00	Officer Director	$0	$0	$0
SUSAN VINIAR	VICE CHAIR	3.00	Officer Director	$0	$0	$0
JASON STEWART	TREASURER	3.00	Officer Director	$0	$0	$0
PETER WILSON	SECRETARY	3.00	Officer Director	$0	$0	$0
PHILIP E AARONS	FOUNDING CHAIR	1.00	Director	$0	$0	$0
JENNIFER ALLAN SOROS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN H ALSCHULER JR	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA M BURDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
URSULA M BURNS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANISA KAMADOLI COSTA	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN M DICKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SUE DONOGHUE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL COHEN EFFRON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN FITZSIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRE VON FURSTENBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY HANDEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
HERMINE RIEGERL HELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN ANN HERSKOVITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
J TOMILSON HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
SANDRA JACKSON-DUMONT	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY KEYS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE LAUDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE ALTER LYNTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE C MARRON	BOARD MEMBER	1.00	Director	$0	$0	$0
GIFFORD MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH MIN	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA MORSE	BOARD MEMBER	1.00	Director	$0	$0	$0
ACKNEIL M MULDROW III	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD R MULLEN JR	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURICE OBEID	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL PHILLIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN RUBENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DELORES RUBIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DARREN WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRONSON VAN WYCK	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN VAN CAPELLE	EXECUTIVE DIRECTOR	37.50	Officer	$599,231	$14,573	$613,804
TARA MORRIS	CHIEF ADVANCEMENT OFFICER	37.50	Officer	$395,000	$21,109	$416,109
ALISON RUTH DAVIS	CHIEF OPERATING OFFICER (THRU 06/23)	37.50	Officer	$165,754	$10,013	$175,767
ASIMA JANSVELD	CHIEF PROGRAM & ENGAGEMENT OFFICER	37.50	Officer	$240,033	$5,000	$245,033
TONY WONG	SR DIR OF FINANCE & ASST TREASURER	37.50	Officer	$188,531	$15,084	$203,615
MATTHEW LANSBURGH	GENERAL COUNSEL & ASST SECRETARY	37.50	Officer	$218,750	$15,156	$233,906
JOE TARVER	CHIEF ADMIN. OFFICER (START 06/23)	37.50	Officer	$105,000	$7,743	$112,743
JEAN DESRAVINES	CHIEF OPERATING OFFICER (START 06/23)	37.50	Officer	$140,000	$3,231	$143,231
CECILIA ALEMANI	CHIEF CURATOR & DIR OF HIGH LINE ART	37.50	Highest	$249,519	$20,390	$269,909
MANINDER KAUR SINGH	SR DIRECTOR OF PEOPLE & CULTURE	37.50	Highest	$177,335	$15,163	$192,498
ALYSSA RESTAINO	SR DIRECTOR OF INSTITUTIONAL GIVING	37.50	Highest	$174,736	$15,091	$189,827
MAREN LANKFORD	DIR OF BOARD RELATIONS & SPECIAL PROJ	37.50	Highest	$156,943	$23,727	$180,670
PATRICK HAZARI	SR DIR OF PLANNING, DESIGN & CONST	37.50	Highest	$178,335	$15,163	$193,498

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	$20,970,970	$22,875,758	$119,987,814	$-1,904,788
2022	$45,164,504	$26,380,499	$116,591,967	$18,784,005
2021	$28,887,000	$17,649,000	$104,041,000	$11,238,000
2020	$20,114,000	$15,315,000	$106,621,000	$4,799,000
2019	$18,024,000	$17,206,000	$98,297,000	$818,000
2018	$20,859,000	$23,255,000	$91,906,000	$-2,396,000
2018	$20,859,000	$23,255,000	$91,906,000	$-2,396,000

FRIENDS OF THE HIGH LINE INC