GRAND CENTRAL ATELIER INC (EIN 463993047) - 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

2013

Legal Domicile

Principal Officer

JUSTINE KALB

Phone

7183616357

Tax Period

2023-09-01 to 2024-08-31

GRAND CENTRAL ATELIER INC, founded in 2013, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023.

Mission

GRAND CENTRAL ATELIER IS A COLLABORATIVE WORKSPACE FOR THE STUDY AND PRACTICE OF FIGURATIVE DRAWING, PAINTING AND SCULPTURE. THE STUDIO PROVIDES RIGOROUS TRAINING, RESIDENT ARTIST STUDIOS, EXHIBITIONS, LECTURES, ARTISTIC COMPETITIONS AND FELLOWSHIPS THAT TOGETHER ADVANCE THE ACADEMIC TRADITION.

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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 $416,006

Program Service Revenue $1,473,166

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,889,172

Expense Breakdown

Grants Paid $121,750

Salaries & Benefits $968,950

Fundraising Expenses $87,841

Program Expenses $1,567,407

Other Expenses $852,148

TOTAL EXPENSES $1,942,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,889,172	$1,777,749	+0.1%
Expenses	$1,942,848	$2,036,092	0.0%
Net Income	$-53,676	$-258,343	-0.8%

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

$130,855

Total Directors

$130,855

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB COLLINS	CHAIRMAN / TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD MINOFF	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT SIMON	DIRECTOR	1.00	Director	$0	$0	$0
JAY NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BRITTON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE WHIPPLE	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE KALB	EXECUTIVE DIRECTOR	40.00	Officer Director	$104,883	$25,972	$130,855

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	$1,889,172	$1,942,848	$2,378,396	$-53,676
2023	$1,777,749	$2,036,092	$2,609,700	$-258,343
2022	$1,436,942	$1,757,671	$1,022,176	$-320,729
2021	$1,820,651	$1,619,023	$1,260,161	$201,628
2020	$1,835,087	$1,409,613	$835,976	$425,474
2019	$1,495,854	$1,405,548	$574,706	$90,306
2018	$1,153,181	$1,233,807	$474,997	$-80,626

GRAND CENTRAL ATELIER INC