LONG ISLAND CITY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRIENDS OF MATERIALS FOR THE ARTS INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $922K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.
FRIENDS OF MATERIALS FOR THE ARTS (FOMA) IS A 501C3 NONPROFIT WITH A MISSION TO SUPPORT MATERIALS FOR THE ARTS (MFTA) WITH PROVIDING PUBLIC PROGRAMMING, MATERIAL DONATIONS, AND INFRASTRUCTURE THAT HELPS ENGAGE THE NYC COMMUNITY TO TEACH ABOUT CREATIVE REUSE. THE CITY OF NEW YORK FUNDS INFRASTRUCTURAL AND OPERATIONAL COSTS FOR MFTA, AND IT FALLS UPON FOMA, MFTA'S NONPROFIT PARTNER, TO SUPPORT OTHER INITIATIVES TO REACH A BROADER AUDIENCE THROUGH OUR EDUCATION CENTER, WHICH CURRENTLY REACHES TENS OF THOUSANDS OF PEOPLE THROUGH OUR PROGRAMING.FOUNDED IN 1978, MFTA IS NYC'S LARGEST CREATIVE REUSE CENTER DEDICATED TO SUPPORTING ARTISTS AND ARTS ORGANIZATIONS. SINCE ITS INCLUSION OF PUBLIC SCHOOLS AS MEMBERS IN 1998, MFTA IS PROUD TO BE THE LARGEST PROVIDER OF FREE ART MATERIALS TO THE NYC DEPARTMENT OF EDUCATION.
MFTA PROVIDES MATERIALS TO 4,670 RECIPIENT MEMBER ORGANIZATIONS. 416 (9%) GOVERNMENT AGENCIES, 1,871 (40%) NYC SCHOOLS, 1,668 (36%) ARTS GROUPS, 715 (15%) COMMUNITY AND SOCIAL SERVICE GROUPS WITH...
MFTA PROVIDES MATERIALS TO 4,670 RECIPIENT MEMBER ORGANIZATIONS. 416 (9%) GOVERNMENT AGENCIES, 1,871 (40%) NYC SCHOOLS, 1,668 (36%) ARTS GROUPS, 715 (15%) COMMUNITY AND SOCIAL SERVICE GROUPS WITH BUDGETS RANGING FROM $20,000 TO $500,000+. IN TOTAL, 49% OF MFTA'S MEMBERS ARE GOVERNMENT AGENCIES. MFTA SERVES NYC PUBLIC SCHOOLS, ARTS NONPROFITS, CITY AGENCIES AND SOCIAL SERVICE AND SOCIAL JUSTICE ORGANIZATIONS THAT INCLUDE ARTISTS, AUDIENCE MEMBERS, DIRECTORS, CHOREOGRAPHERS, DANCERS, ACTORS, SET DESIGNERS, ART THERAPISTS, AFTER-SCHOOL PROVIDERS, HOSPITAL STAFF, HOMELESS SHELTERS, TEACHERS, STUDENTS, AND SENIOR CITIZENS. THE SOCIOECONOMIC STATUS, RACE, GENDER, SEXUAL ORIENTATION, AGE, PHYSICAL ABILITY, AND LANGUAGE OF OUR MEMBER GROUPS, DONORS, AND VOLUNTEERS ARE HIGHLY DIVERSE, MIRRORING THE RICHNESS OF NYC. TODAY, MFTA'S DONATION CYCLE DIVERTS OVER 2 MILLION POUNDS OF MATERIALS, VALUED AT OVER $14 MILLION FROM LANDFILLS. THESE QUALITY GOODS ARE REDISTRIBUTED AND MADE AVAILABLE TO OUR ORGANIZATIONS SUCH AS NONPROFITS AND NYC SCHOOLS, FREE OF CHARGE.THE MFTA EDUCATION CENTER, WHICH CONSISTS OF OUR ARTIST-IN-RESIDENCE STUDIO, DESIGNER-IN-RESIDENCE PROGRAM, FIELD TRIP PROGRAM, IN SCHOOL RESIDENCIES, REPAIR PROGRAM, MFTA GALLERY AND FREE PUBLIC THIRD THURSDAY WORKSHOPS, EXPOSE THE WORK OF MANY ARTISTS TO THE PARTICIPANTS WITHIN THE MFTA EDUCATION CENTER AND PROVIDE A REMARKABLE BENEFIT TO ALMOST 4,700 ACTIVE MEMBER GROUPS AS WELL AS THE GENERAL PUBLIC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $922,354 | $1,022,482 | -0.1% |
| Expenses | $972,696 | $808,106 | +0.2% |
| Net Income | $-50,342 | $214,376 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MATTIE BYRNEHEIM | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHIRLEY LEVY | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT JENKINS | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GRAHAME T HUBBARD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARLA AARON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALISON ARDEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIDGETT ARTISE | BOARD MEMBER THRU JAN 25 | 1.00 |
Director
|
$0 | $0 | $0 |
| LUKE HAYMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICK DAVY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANELLE MILLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT A RESNICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW BRETT SEIKEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SAMIT SHAH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| YOLANDA SHASHATY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANET WONG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA SANSONE | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$47,500 | $0 | $47,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $922,354 | $972,696 | $1,166,450 | $-50,342 |
| 2024 | $1,022,482 | $808,106 | $1,156,523 | $214,376 |
| 2023 | $748,262 | $675,637 | $926,284 | $72,625 |
| 2022 | $740,140 | $600,417 | $835,783 | $139,723 |
| 2021 | $309,109 | $445,630 | $839,134 | $-136,521 |
| 2020 | $632,038 | $569,593 | $870,674 | $62,445 |
| 2019 | $688,122 | $658,075 | $809,885 | $30,047 |
| 2018 | $577,518 | $554,118 | $764,550 | $23,400 |
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