New York, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Friends of the Erben Organ, Inc. was formed to support the restoration and conservation of the rare and monumental 1868 Henry Erben organ. It is the only three-keyboard Erben organ in existence, and is the only large, mid-nineteenth century pipe organ intact and unaltered in its original space: the New York City Landmark, the Basilica of St. Patricks Old Cathedral, which is also listed on the National Register of Historic Places. A historic gem, the organ is a catalyst for the spiritual and artistic life of lower Manhattan, drawing music lovers and learners of all denominations, not only from the metropolitan area, but from around the world. With the decline of music education in public schools and the proliferation of commercial music on radio and television, Friends of the Erben Organ, Inc. supports the beauty of live musical performance not embraced by contemporary culture. It also supports the education and training of young musician and organists, afterschool music education progr
Friends of the Erben Organ Inc (FREO) continues to raise awareness of the Organization and share information about the historical organ and FREO's activities through its website...
Friends of the Erben Organ Inc (FREO) continues to raise awareness of the Organization and share information about the historical organ and FREO's activities through its website https://erbenorgan.org and special events. The Organization has has continued restoration work during the fiscal year and is on target with project deadlines and deliverables to date.
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 | $311,647 | $585,704 | -0.5% |
| Expenses | $1,219,066 | $438,669 | +1.8% |
| Net Income | $-907,419 | $147,035 | -7.2% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare Friends of the Erben Organ Inc with other nonprofits in New York and across the country.