Brooklyn Art Library Inc (EIN 832541689) - 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

2020

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

Brooklyn Art Library Inc, founded in 2020, is a small nonprofit that reported $583K in total revenue in fiscal year 2021. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $754K exceeded revenue, resulting in a 29% operating deficit.

Mission

Brooklyn Art Library is a 501c3 nonprofit organization that has been completely funded by participation since 2006. We work to ensure that we are fulfilling our mission of encouraging creative storytelling within a global community by keeping our physical library space free and open to the public, our digital library accessible worldwide, and making our collection as accessible as possible to people of all ages and skill levels through robust education programming.

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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 (2021)

Revenue Breakdown

Contributions & Grants $8,051

Program Service Revenue $574,853

Investment Income $0

Other Revenue $0

TOTAL REVENUE $582,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,306

Fundraising Expenses $35,869

Program Expenses $630,413

Other Expenses $345,669

TOTAL EXPENSES $753,975

Year-over-Year Comparison

	2021	2020	Change
Revenue	$582,904	$1,592,912	-0.6%
Expenses	$753,975	$1,431,440	-0.5%
Net Income	$-171,071	$161,472	-2.1%

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

$291,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Peterman	Managing Dir.	40.00	Officer	$77,665	$0	$77,665
Autumn Farina	Creative Dir.	40.00	Officer	$60,490	$0	$60,490
Emma Huneck	Executive Dir.	40.00	Officer	$51,973	$0	$51,973
Emma Harris	Brand Manager	40.00	Officer	$49,999	$0	$49,999
Alison Pirie	Community Corr.	40.00	Officer	$22,096	$0	$22,096
Ellie Botoman	Library Corr.	40.00	Officer	$17,700	$0	$17,700
Jenna Carrens	Executive Dir.	40.00	Officer	$11,731	$0	$11,731
Jessica Sugerman	President	0.00	Officer	$0	$0	$0
Shane Zucker	Secretary	0.00	Officer	$0	$0	$0
Sara Peterman	Treasurer	0.00	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
2021	$582,904	$753,975	$27,693	$-171,071
2020	$1,592,912	$1,431,440	$199,672	$161,472

Brooklyn Art Library Inc