THE BLUE ROOM FOUNDATION INC

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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

Principal Officer

AMY KEITH

Phone

9012100116

Tax Period

2024-01-01 to 2024-12-31

THE BLUE ROOM FOUNDATION INC, founded in 2020, is a micro nonprofit in the Recreation & Sports sector that reported $65K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $114K exceeded revenue, resulting in a 77% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION IN THE ARTS TO YOUNG ADULTS AND TO SUPPORT ARTISTS GENERALLY, PARTICULARLY THOSE FROM AN UNDERPRIVELEGED OR LOW-INCOME BACKGROUND OR WHO WOULD OTHERWISE FACE HARDSHIP OR BARRIERS TO ENTRY IN PURSUING ART AND ART EDUCATION OR IN ENTERING THE ART WORLD.

Program Service Accomplishments

Program 1

Expenses: $23,664 Revenue: $34,200

THE CONTEMPORARY ARTS FELLOWSHIP PROGRAM, THE FOUNDATION'S MAIN ACTIVITY, PROVIDES GOODS AND SERVICES TO INDIVIDUALS. THIS PROGRAM PROVIDES A FULL SCHOLARSHIP TO ALL OF ITS SUMMER FELLOWS AND...

THE CONTEMPORARY ARTS FELLOWSHIP PROGRAM, THE FOUNDATION'S MAIN ACTIVITY, PROVIDES GOODS AND SERVICES TO INDIVIDUALS. THIS PROGRAM PROVIDES A FULL SCHOLARSHIP TO ALL OF ITS SUMMER FELLOWS AND INCLUDES ALL FEES FOR INSTRUCTION, LODGING, FOOD, SUPPLIES, AND TRAVEL. THE PROGRAM COVERS ALL OUT-OF-POCKET EXPENSES.

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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 $30,172

Program Service Revenue $34,200

Investment Income $196

Other Revenue $0

TOTAL REVENUE $64,568

Expense Breakdown

Grants Paid $22,164

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $23,664

Other Expenses $91,852

TOTAL EXPENSES $114,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,568	$79,395	-0.2%
Expenses	$114,016	$231,655	-0.5%
Net Income	$-49,448	$-152,260	-0.7%

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

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

$155,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN COHEN	DIRECTOR	1.00	Director	$0	$0	$0
DEREK FORDJOUR	DIRECTOR	5.00	Director	$0	$0	$0
ISAAC FORDJOUR	DIRECTOR	1.00	Director	$0	$0	$0
LIA FORDJOUR	TREASURER	1.00	Officer Director	$0	$0	$0
LAUREN KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
YASHUA KLOS	DIRECTOR	1.00	Director	$0	$0	$0
LISA OPOKU	PRESIDENT	1.00	Officer Director	$0	$0	$0
ELLIOT PERRY	DIRECTOR	1.00	Director	$0	$0	$0
MANON SLOME	DIRECTOR	1.00	Director	$0	$0	$0
ED STANTON III	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY KEITH	CFO	10.00	Officer	$0	$0	$8,156
CHRISTY GILMOUR	CSO	10.00	Officer	$0	$0	$69,715
DEREK PATTERSON	EXECUTIVE DIRECTOR	10.00	Officer	$0	$0	$77,746

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	$64,568	$114,016	$558,947	$-49,448
2023	$79,395	$231,655	$457,500	$-152,260
2022	$903,789	$727,802	$236,668	$175,987
2021	$102,856	$59,920	$42,936	$42,936