FRIENDS OF THE EAST RIVER ESPLANADE (60TH-120TH STREETS) INC (EIN 460542653) - 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

2011

Legal Domicile

Principal Officer

JENNIFER RATNER

Phone

9178480325

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE EAST RIVER ESPLANADE (60TH-120TH STREETS) INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $192K in total revenue in fiscal year 2024. The organization ran a surplus of $51K, a strong 26% operating margin.

Mission

WE ADVOCATE FOR, HELP TO MAINTAIN AND BEAUTIFY, AND PROVIDE ENVIRONMENTAL, FUN AND OTHER FREE COMMUNITY PROGRAMMING ON MANHATTAN'S EAST RIVER WATERFRONT ESPLANADE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $191,448

Program Service Revenue $0

Investment Income $0

Other Revenue $609

TOTAL REVENUE $192,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,588

Fundraising Expenses $27,855

Program Expenses $85,412

Other Expenses $61,653

TOTAL EXPENSES $141,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,057	N/A	N/A
Expenses	$141,241	N/A	N/A
Net Income	$50,816	$0	N/A

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

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

$66,487

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER RATNER	PRESIDENT	10.00	Officer Director	$0	$0	$0
JAYNE BINZER-JACOWITZ	TREASURER	5.00	Officer Director	$0	$0	$0
VICTORIA GILBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
CONRAD AXELROD	DIRECTOR, THRU AUGUST 2024	1.00	Director	$0	$0	$0
JULIANNE BERTAGNA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BLAND	DIRECTOR	1.00	Director	$0	$0	$0
DIANE COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
SARAH GALLAGHER	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
FRANK RAFFAELE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RAWLINGS	DIRECTOR, THRU NOV. 2024	1.00	Director	$0	$0	$0
ASHANIQUE RODRIGUEZ	EXECUTIVE DIRECTOR, AS OF MAY 2024	40.00	Officer	$41,487	$0	$41,487
JEAN KIM	EXECUTIVE DIRECTOR, THRU APRIL 2024	40.00	Officer	$25,000	$0	$25,000

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	$192,057	$141,241	$186,811	$50,816

FRIENDS OF THE EAST RIVER ESPLANADE (60TH-120TH STREETS) INC