Friends of the Erben Organ Inc (EIN 813920899) - 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

2016

Legal Domicile

Principal Officer

Frank Alfieri

Phone

2124148728

Tax Period

2024-07-01 to 2025-06-30

Friends of the Erben Organ Inc, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $312K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 291% operating deficit.

Mission

The Friends of the Erben Organ (FREO) is a 501(c)3 non-profit corporation dedicated to the restoration, preservation, and appreciation of the 1868 Henry Erben pipe organ and the 1859 Hall & Labagh pipe organ located in the Basilica of Saint Patricks Old Cathedral, located in the Nolita section of SoHo in Manhattan.

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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 $280,616

Program Service Revenue $0

Investment Income $31,031

Other Revenue $0

TOTAL REVENUE $311,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,186,386

Other Expenses $1,219,066

TOTAL EXPENSES $1,219,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,647	$585,704	-0.5%
Expenses	$1,219,066	$438,669	+1.8%
Net Income	$-907,419	$147,035	-7.2%

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

N/A

Employees

N/A

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
Reggie Gibbs	Director	2.00	Director	$0	$0	$0
Joseph Woo MD	Director	2.00	Director	$0	$0	$0
Vincent Chirico	Director	1.00	Director	$0	$0	$0
Anne Marie Riccitelli	President	10.00	Officer	$0	$0	$0
Madeline Di Nonno	Vice President	5.00	Officer	$0	$0	$0
Frank Alfieri	Treasurer	10.00	Officer	$0	$0	$0
Jared Lamenzo	Secretary	10.00	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
2025	$311,647	$1,219,066	$639,519	$-907,419
2024	$585,704	$438,669	$1,546,160	$147,035
2023	$729,165	$48,947	$1,396,890	$680,218
2022	$597,616	$125,888	$715,084	$471,728
2021	$127,420	$82,489	$237,964	$44,931

Friends of the Erben Organ Inc