EMPIRE STATE ARTS FOUNDATION INC

EIN: 825270464 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$14,104
Total Expenses
$9,673
Total Assets
$9,288
Net Assets
$7,982
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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
2020
Legal Domicile
NY
Principal Officer
ELENA OSTROVSKY
Phone
2123901727
Tax Period
2023-01-01 to 2023-12-31

EMPIRE STATE ARTS FOUNDATION INC, founded in 2020, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $14K in total revenue in fiscal year 2023. The organization ran a surplus of $4K, a strong 31% operating margin.

Mission

The primary purpose of the organization is sustaining, encouraging and promoting musical art, and educating the general public about music, particularly opera.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,104
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,757
Other Expenses $9,673
TOTAL EXPENSES $9,673

Year-over-Year Comparison

2023 2022 Change
Revenue $14,104 N/A N/A
Expenses $9,673 N/A N/A
Net Income $4,431 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELENA OSTROVSKY PRES 5.00
Director
$0 $0 $0
IGOR OSTROVSKY TREASURER 1.00
Director
$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 No data No data No data No data
2023 $14,104 $9,673 $9,288 $4,431
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