OPEN NEW YORK INC (EIN 843756425) - 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

2019

Legal Domicile

Principal Officer

ANNEMARIE GRAY

Phone

2027474897

Tax Period

2024-01-01 to 2024-12-31

OPEN NEW YORK INC, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $842K, a strong 39% operating margin.

Mission

SEE PART III, LINE 1.

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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 $2,165,176

Program Service Revenue $0

Investment Income $795

Other Revenue $0

TOTAL REVENUE $2,165,971

Expense Breakdown

Grants Paid $255,000

Salaries & Benefits $570,665

Fundraising Expenses $30,955

Program Expenses $1,132,311

Other Expenses $498,782

TOTAL EXPENSES $1,324,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,165,971	$2,082,222	+0.0%
Expenses	$1,324,447	$1,057,922	+0.3%
Net Income	$841,524	$1,024,300	-0.2%

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

Employees

Volunteers

500

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

$121,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE KUPPERSMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
LIZ DENYS	TREASURER	1.00	Officer Director	$0	$0	$0
BEN FURNAS	BOARD MEMBER	1.00	Director	$0	$0	$0
SACHI TAKAHASHI-RIAL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNEMARIE GRAY	EXECUTIVE DIRECTOR	19.00	Officer	$121,480	$0	$121,480
NICK BERKOWITZ	COMMUNICATIONS DIRECTOR	33.00	Highest	$105,316	$14,001	$119,317

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	$2,165,971	$1,324,447	$3,025,998	$841,524
2024	$2,165,971	$1,324,447	$3,025,998	$841,524
2023	$2,082,222	$1,057,922	$2,279,587	$1,024,300
2022	$622,319	$643,952	$1,042,519	$-21,633
2021	$1,022,638	$158,889	$1,081,995	$863,749

OPEN NEW YORK INC