BUSHWICK WORKSHOP SPACE 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

2014

Legal Domicile

Principal Officer

PATRICIA RODRIGUEZ

Phone

8589268909

Tax Period

2024-01-01 to 2024-12-31

BUSHWICK WORKSHOP SPACE INC, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $158K in total revenue in fiscal year 2024. Expenses of $221K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF FOSTERING THE ARTS, NUTRITION, AND HEALTHY LIVING FOR RESIDENTS OF THE LOCAL COMMUNITY IN BUSHWICK, BROOKLYN, NY.

Program Service Accomplishments

Program 1

Expenses: $12,758 Revenue: $8,030

WE CONTINUE TO OFFER CLASSES, EVENTS AND WORKSHOPS DESIGNED BY THE MAYDAY COLLECTIVE (BOD), STAFF, AND MAYDAY VOLUNTEERS THESE WERE IN SEVERAL PRIORITY AREAS INCLUDING HEALTH AND WELL-BEING...

WE CONTINUE TO OFFER CLASSES, EVENTS AND WORKSHOPS DESIGNED BY THE MAYDAY COLLECTIVE (BOD), STAFF, AND MAYDAY VOLUNTEERS THESE WERE IN SEVERAL PRIORITY AREAS INCLUDING HEALTH AND WELL-BEING, POLITICAL EDUCATION, AND VISUAL ARTS AND MUSIC EDUCATION. REVENUE CAME IN THE FROM OF TICKET SALES, COURSE REGISTRATION FEES, AND GRANTS, NAMELY THE CREATIVE REBUILDS NEW YORK ARTIST EMPLOYMENT PROGRAM. EXPENSES WERE PRIMARILY PAYMENTS TO INSTRUCTORS, FACILITATORS, AND COLLABORATING ORGANIZATIONS THAT PUT ON PROGRAMS AND ALSO INCLUDED MATERIALS, FOOD, AND TRANSPORTATION FOR VOLUNTEERS AND PARTICIPANTS.

Program 2

Expenses: $32,197 Revenue: $27,015

MAYDAY SPACE CONTINUES TO RENT OUR SPACE TO SOCIAL JUSTICE-ORIENTED LOCAL COMMUNITY GROUPS, MUTUAL AID COLLECTIVES AND NON-PROFIT ORGANIZATIONS FOR THEIR IN-PERSON ACTIVITIES. THIS INCLUDES FOOD AND CLOTHING DISTRIBUTIONS, STRATEGIC PLANNING RETREATS, FUNDRRAISERS, AND FILM SCREENINGS. THIS IS AN IMPORTANT FUNCTION OF OUR MISSION AS IT ALLOWS US TO BUILD THE MOVEMENT FOR SOCIAL JUSTICE BY BRINGING GROUPS TOGETHER AND PROVIDING A NEEDED RESOURCE PHYSICAL SPACE. GROUPS BOOK THE SPACE ON AN HOURLY SLIDING SCALE RATE DEPENDENT ON THEIR ORGANIZATIONAL BUDGET. THESE RATES ARE PUBLICLY AVAILABLE ON OUR WEBSITES.

Program 3

Expenses: $13,024 Revenue: $2,750

IN 2023, MAYDAY SPACE OFFERED TWO SEASON OF SPANISH FOR SOCIAL JUSTICE CLASSES IN THREE LEVELS: BEGINNER, INTERMEDIATE, AND ADVANCED. CLASSES WERE PRICED ON SLIDING SCALE ACCORDING TO PARTICIPANTS...

IN 2023, MAYDAY SPACE OFFERED TWO SEASON OF SPANISH FOR SOCIAL JUSTICE CLASSES IN THREE LEVELS: BEGINNER, INTERMEDIATE, AND ADVANCED. CLASSES WERE PRICED ON SLIDING SCALE ACCORDING TO PARTICIPANTS ABILITY TO PAY. WE ALSO HOSTED A MUSIC PRODUCTION CLASS, LIBERATION SOUNDS,, AND CLASSES WERE ALSO PRICED ON A SLIDING SCALE ACCORDING TO PARTICIPANTS ABILITY TO PAY.

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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 $119,104

Program Service Revenue $10,780

Investment Income $50

Other Revenue $28,317

TOTAL REVENUE $158,251

Expense Breakdown

Grants Paid $14,550

Salaries & Benefits $113,892

Fundraising Expenses $74,211

Program Expenses $85,005

Other Expenses $92,583

TOTAL EXPENSES $221,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,251	$152,607	+0.0%
Expenses	$221,025	$250,708	-0.1%
Net Income	$-62,774	$-98,101	-0.4%

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

Total Directors

$49,854

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARILYN ALEXANDER	MEMBER	40.00	Director	$40,854	$0	$40,854
RYAN PAGE	MEMBER	5.00	Director	$9,000	$0	$9,000
PATRICIA RODRIGUEZ	PRESIDENT, EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$0	$0
LUCAS SHAPIRO	TREASURER	5.00	Officer Director	$0	$0	$0
CYNTHIA TOBAR	MEMBER	5.00	Director	$0	$0	$0
DIANA ARELLANO	MEMBER	5.00	Director	$0	$0	$0
RAHEL BIRUU	MEMBER	5.00	Director	$0	$0	$0
SEBASTIAN ANGEL ROMERO	MEMBER	5.00	Director	$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	$158,251	$221,025	$53,120	$-62,774
2023	$152,607	$250,708	$114,163	$-98,101
2022	$362,646	$231,798	$214,387	$130,848
2020	$214,626	$174,017	$114,219	$40,609