The Lit Fund

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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

2012

Legal Domicile

Principal Officer

Randi Berry

Phone

9176261369

Tax Period

2022-01-01 to 2022-12-31

The Lit Fund, founded in 2012, is a micro nonprofit that reported $80K in total revenue in fiscal year 2022. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $489K exceeded revenue, resulting in a 509% operating deficit.

Mission

To financially assist organizations and individual artists creating independent theater in the five boroughs of New York City.

Program Service Accomplishments

Program 1

Expenses: $97,130 Revenue: $0

Community grants offered to theater companies in NYC.

Program 2

Expenses: $0 Revenue: $0

Emergency grants offered to individuals and theater companies in NYC.

Program 3

Expenses: $291,978 Revenue: $0

Other expenses incurred by program

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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 (2022)

Revenue Breakdown

Contributions & Grants $78,260

Program Service Revenue $0

Investment Income $0

Other Revenue $2,062

TOTAL REVENUE $80,322

Expense Breakdown

Grants Paid $97,130

Salaries & Benefits $12,178

Fundraising Expenses $32,000

Program Expenses $389,108

Other Expenses $347,837

TOTAL EXPENSES $489,145

Year-over-Year Comparison

	2022	2021	Change
Revenue	$80,322	$1,470,592	-0.9%
Expenses	$489,145	$1,223,469	-0.6%
Net Income	$-408,823	$247,123	-2.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raquel Almazan	President	N/A	Officer	$0	$0	$0
Siobhan O'Neill	Secretary	N/A	Officer	$0	$0	$0
Marty Linsky	Board member	N/A	Director	$0	$0	$0
Brian Berk	Treasurer	N/A	Officer	$0	$0	$0
Wessam Badawi	Board member	N/A	Director	$0	$0	$0
Dechelle Damien	Board member	N/A	Director	$0	$0	$0
Brea Clemons	Board member	N/A	Director	$0	$0	$0
Randi Berry	Executive Director	N/A	Key Emp	$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
2022	$80,322	$489,145	No data	$-408,823
2021	$1,470,592	$1,223,469	$440,434	$247,123
2020	$404,288	$296,572	$153,146	$107,716