56TH STREET DINING CLUB INC ATTN OSKAR HAVAS (EIN 475549385) - 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

2015

Legal Domicile

Principal Officer

LEN CZARNECKI

Phone

6313380153

Tax Period

2024-01-01 to 2024-12-31

56TH STREET DINING CLUB INC ATTN OSKAR HAVAS, founded in 2015, is a community nonprofit in the Recreation & Sports sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $3.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE A PLACE FOR SOCIAL GATHERINGS AND DINING FOR OWNERS OF RESIDENTAL CONDOMINIUM UNITS.

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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 $0

Program Service Revenue $1,811,340

Investment Income $458

Other Revenue $862,534

TOTAL REVENUE $2,674,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,877,742

Fundraising Expenses $0

Other Expenses $1,161,862

TOTAL EXPENSES $3,039,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,674,332	$2,514,354	+0.1%
Expenses	$3,039,604	$3,123,902	0.0%
Net Income	$-365,272	$-609,548	-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

N/A

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
MEIR COHEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
EDUARD SLININ	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KEITH GOLLUST	MEMBER	2.00	Director	$0	$0	$0
JACQUELINE LEBOW	MEMBER	2.00	Director	$0	$0	$0
JOE SITT	MEMBER	2.00	Director	$0	$0	$0
LEN CZARNECKI	GENERAL MANAGER	2.00	Officer	$0	$0	$0
JOSEPH QUINONES	ASSISTANT PROPERTY MANAGER	2.00	Officer	$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	$2,674,332	$3,039,604	$1,291,602	$-365,272
2023	$2,514,354	$3,123,902	$1,510,650	$-609,548
2022	$2,558,653	$2,907,324	$2,009,052	$-348,671
2021	$3,070,514	$2,308,844	$2,275,116	$761,670
2020	$10,999,446	$1,567,352	$2,055,908	$9,432,094
2019	$598,938	$4,358,255	$1,738,948	$-3,759,317
2018	$311,927	$3,090,210	$2,150,505	$-2,778,283

56TH STREET DINING CLUB INC ATTN OSKAR HAVAS