54 BELOW 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

2022

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $5,157,162 Revenue: $4,673,239

THE ORGANIZATION WORKS TO FOSTER AND PROMOTE THE UNDERSTANDING AND APPRECIATION OF THE PERFORMING ARTS AND THE ART FORM OF THE AMERICAN CABARET, SPECIALIZING IN THE MUSIC, HISTORY AND PERFORMERS OF THE AMERICAN MUSICAL THEATRE AND THE GREAT AMERICAN SONGBOOK. THE ORGANIZATION OPERATES A CLASSIC CABARET THEATER THAT FEATURES PERFORMANCES OF THE ABOVE MUSIC PLUS OCCASIONALLY CLASSICAL MUSIC AND OPERA. THE ORGANIZATION ALSO SERVES AS A LABORATORY FOR THE DEVELOPMENT OF NEW MUSIC AND MUSICALS, A TRAINING GROUND FOR NASCENT ARTISTS, A HOME FOR MORE ESTABLISHED ARTISTS TO BROADEN THEIR REPERTOIRE, AND A PLACE FOR COLLECTIVE SOTRYTELLING AND GATHERING.

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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 (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

Governance

Voting Members

Independent Members

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

$111,999

Total Directors

$39,230

Key Employees

Highest Compensated

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