YONKERS ARTS 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

2008

Legal Domicile

Principal Officer

ADAM SHULTZ

Phone

9142194946

Tax Period

2024-01-01 to 2024-12-31

YONKERS ARTS INC, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $613K in total revenue in fiscal year 2024. Revenue surged 164% from the prior year, signaling strong growth momentum. Expenses of $584K left a modest 5% surplus.

Mission

YONKERS ARTS'S MISSION IS TO DEVELOP A STRONG, EFFECTIVE, AND COOPERATIVE NETWORK OF ARTISTS, CULTURAL ORGANIZATIONS, AND MEMBERS OF THE COMMUNITY WHICH IN TURN WILL HELP TO PROMOTE AND ENCOURAGE THE ARTS IN THE CITY OF YONKERS. THE ORGANIZATION IS COMMITTED TO SERVING THE COMMUNITY THAT SUPPORTS IT THROUGH OFFERING CREATIVE AND EDUCATIONAL WORKSHOPS, OFFERING A PERFORMANCE HALL AND GALLERY SPACE FOR LOCAL ARTISTS TO SHOWCASE THEIR WORK AND HONORING THE WORK OF ALL ARTISTS, BUSINESSES AND COMMUNITY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $560,169 Revenue: $610,953

OFFERING CREATIVE AND EDUCATIONAL WORKSHOPS, OFFERING A PERFORMANCE HALL AND GALLERY SPACE FOR LOCAL ARTISTS TO SHOWCASE THEIR WORK AND HONORING THE WORK OF ALL ARTISTS, BUSINESSES AND COMMUNITY...

OFFERING CREATIVE AND EDUCATIONAL WORKSHOPS, OFFERING A PERFORMANCE HALL AND GALLERY SPACE FOR LOCAL ARTISTS TO SHOWCASE THEIR WORK AND HONORING THE WORK OF ALL ARTISTS, BUSINESSES AND COMMUNITY MEMBERS.

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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 $7,491

Program Service Revenue $610,953

Investment Income $0

Other Revenue $-5,828

TOTAL REVENUE $612,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,158

Fundraising Expenses $0

Program Expenses $560,169

Other Expenses $489,417

TOTAL EXPENSES $583,575

Year-over-Year Comparison

	2024	2023	Change
Revenue	$612,616	$232,079	+1.6%
Expenses	$583,575	$313,171	+0.9%
Net Income	$29,041	$-81,092	-1.4%

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

$10,871

Total Directors

$16,433

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE COUSENS	CO-PRESIDENT	0.50	Officer Director	$0	$0	$0
ADAM SHULTZ	CO-PRESIDENT AND TREASURER	10.00	Officer Director	$0	$0	$0
EVAN BISHOP	SECRETARY	5.00	Officer Director	$10,871	$0	$10,871
CHANDRA SOOKDEO	BOARD MEMBER	0.50	Director	$0	$0	$0
JACQUELINE LOREIEO	BOARD MEMBER	0.50	Director	$0	$0	$0
MARA GROSS	BOARD MEMBER	0.50	Director	$0	$0	$0
MARCUS JOHN	BOARD MEMBER	0.50	Director	$4,230	$0	$4,230
DARRYL MACK	BOARD MEMBER	0.50	Director	$0	$0	$0
LATRISHA WINSTON	BOARD MEMBER	0.50	Director	$0	$0	$0
LOUIS GIANGRANDE	BOARD MEMBER	0.50	Director	$0	$0	$0
CYNTHIA WALKER	BOARD MEMBER	0.50	Director	$1,332	$0	$1,332

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	$612,616	$583,575	$33,984	$29,041
2023	$232,079	$313,171	$6,957	$-81,092
2022	$381,188	$293,772	$88,049	$87,416