54 BELOW INC

EIN: 882174944 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$5,518,986
Total Expenses
$6,001,661
Total Assets
$3,098,861
Net Assets
$-4,788,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
RICHARD FRANKEL
Phone
6464763551
Tax Period
2023-05-03 to 2023-12-31

54 BELOW INC, founded in 2022, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.5M in total revenue in fiscal year 2023.

Mission

AT 54 BELOW, OUR MISSION IS TO PRESERVE AND EXPAND THE ART OF THE CABARET WHILE PROVIDING AN UNPARALLELED AUDIENCE EXPERIENCE. WE'RE COMMITTED TO GROWING OPPORTUNITIES FOR DIVERSE COMMUNITIES OF EMERGING AND ESTABLISHED ARTISTS AND TO EXPANDING THEIR AUDIENCES. WE AIM TO PRESENT WORK THAT IS VIVID, IMMEDIATE, ENLIGHTENING AND ENTERTAINING THAT REFLECTS THE WORLD AROUND US AND THE IMAGINATION OF THE ARTISTS. WE HONOR THE CABARET TRADITION AND THE MUSIC AND COMMUNITY OF BROADWAY BY PURSUING EXCELLENCE IN CONTENT, PERFORMANCE, HOSPITALITY AND CUISINE.

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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 $832,085
Program Service Revenue $3,238,744
Investment Income $9
Other Revenue $1,448,148
TOTAL REVENUE $5,518,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,063,485
Fundraising Expenses $233,818
Program Expenses $5,157,162
Other Expenses $2,862,576
TOTAL EXPENSES $6,001,661

Year-over-Year Comparison

2023 2022 Change
Revenue $5,518,986 N/A N/A
Expenses $6,001,661 N/A N/A
Net Income $-482,675 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
9
Independent Members
6
Employees
131
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
5
$111,999
Total Directors
9
$39,230
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN BARUCH PRESIDENT 0.50
Officer Director
$9,615 $0 $9,615
RICHARD FRANKEL MANAGING DIRECTOR 0.50
Officer Director
$20,000 $0 $20,000
MADELINE CARNEY SECRETARY 0.50
Officer
$0 $0 $0
HEIDI LIBBY TREASURER 20.00
Officer
$82,384 $0 $82,384
THOMAS VIERTEL CHAIRMAN 0.50
Director
$9,615 $0 $9,615
STANLEY RICHARDS DIRECTOR 0.50
Officer Director
$0 $0 $0
BRENDA BRAXTON DIRECTOR 0.50
Director
$0 $0 $0
ROBERT L DILENSCHNEIDER DIRECTOR 0.50
Director
$0 $0 $0
KENNETH GREINER DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH LANDESMAN DIRECTOR 0.50
Director
$0 $0 $0
LUCILLE WERLINCH DIRECTOR 0.50
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 $5,518,986 $6,001,661 $3,098,861 $-482,675
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