GLASSHOUSE PROJECT 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

LITAL DOTAN

Phone

9176555275

Tax Period

2024-01-01 to 2024-12-31

GLASSHOUSE PROJECT INC, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $60K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Net assets of $265K represent 53 months of operating reserves.

Mission

SEE THE STATEMENT ATTACHED

Program Service Accomplishments

Program 1

Expenses: $2,227 Revenue: $2,645

AIR PROGRAM: LAUNCHED IN 2009, THE RESIDENCY PROGRAM AT GLASSHOUSE IS DESIGNED FOR PROFESSIONALS IN THE PERFORMANCE ART FIELD TO DEEPEN THEIR WORK AND RESEARCH IN THE FIELD OF PERFORMANCE ART WHILE ENGAGING WITH THE VARIOUS COMMUNITIES IN/AROUND GLASSHOUSE. IN 2024, FOLLOWING AN PEN CALL, THE COLLABORATIVE DUO STACY LYNN SMITH AND ALEX ROMANIA WERE INVITED ALONG WITH PIONEERING ARTIST MARYLIN ARSEM(NOVE24). ARTISTS NOW RECEIVE ACCOMODATION, PROJECT DEVELOPMENT ASSISTANCE, AND A SMALL STIPEND. WHILE OPEN FOR INTERNATIONAL ARTISTS, A PRIORITY IS GIVEN TO NYS ARTISTS. PART OF THE RESIDENCY IS TO CREATE AN EXCHANGE WITH LOCAL ORGANIZATIONS, COMMUNITY MEMBERS AND/OR THE CAMPUS COMMUNITY.

Program 2

Expenses: $24,492 Revenue: $29,095

SOUP PROGRAM: GLASSHOUSES EVENT PROGRAM(SOUP=SEE, ORGANIZE, UNDERSTAND PERFORMANCE) PRODUCES FESTIVALS AND EVENTS THAT GENERATE RESEARCH IN PERFORMANCE ART PRACTICE, BASED ON ANNUAL THEMES. THESE...

SOUP PROGRAM: GLASSHOUSES EVENT PROGRAM(SOUP=SEE, ORGANIZE, UNDERSTAND PERFORMANCE) PRODUCES FESTIVALS AND EVENTS THAT GENERATE RESEARCH IN PERFORMANCE ART PRACTICE, BASED ON ANNUAL THEMES. THESE EVENTS ARE FREE AND OPEN TO THE PUBLIC. IN 2024, UNDER THE THEME AN EMPTYING WE ORGANIZED 8 DURATIONAL PREFORMANCE EVENTS AND ARTIST WORKSHOPS, SHOWCASING WORKS BY 12 MULTI-GENERATIONAL ARTISTS AND 20 STUDENTS, DURING 38 HOURS OF PUBLIC VIEWINGS. THE ORGANIZATION ALSO LAUNCHED AN ARCHIVING SERIES NAMED PERFROMANCE RECORDS THAT CELEBRATES CAREERS WITH VIDEO AND LIVE COMPONENTS IN COLLABORATION WITH ROSENDALE THEATRE.

Program 3

Expenses: $17,811 Revenue: $21,160

CONVERSATION COLLABORATION INITIATIVES:CONVERSATION LAB PROGRAM PROMOTES DISCOURSE THROUGH A STRUCTURED ANNUAL FELLOWSHIP FOR LOCAL ARTISTS AND EDUCATORS WHO ENGAGE IN MONTHLY READINGS AND CULMINATES...

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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 $49,000

Program Service Revenue $10,900

Investment Income $0

Other Revenue $0

TOTAL REVENUE $59,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,530

Other Expenses $59,198

TOTAL EXPENSES $59,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,900	$84,380	-0.3%
Expenses	$59,198	$91,417	-0.4%
Net Income	$702	$-7,037	-1.1%

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

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LITAL DOTAN	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$0	$0
EYAL PERRY	DIRECTOR OF ARCHIVES	5.00	Officer Director	$0	$0	$0
ARI FRUCHTER	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
CHARLES DENNIS	TREASURER	2.00	Officer Director	$0	$0	$0
SHANTI GRUMBINE	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREA FRANK	DIRECTOR	2.00	Officer 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	$59,900	$59,198	$264,709	$702
2023	$84,380	$91,417	$264,007	$-7,037
2022	$362,050	$92,238	$271,008	$269,812