Soluna Studio Ny Corp
Nonprofit profile at a glance
- EIN
- 464220706
- IRS 990-EZ coverage
- 2015–2019
- Forms available
- Form 990-EZ 2019, Form 990-N 2014
- Location
- Selden, NY, USA
- Phone
- 6317616602
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Schools
Reported finances
- Revenue
- $117,904
- Expenses
- $224,685
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- KAREN BRAUN (President)
- MEGAN RABBA (Vice President)
People named in this filing
- KAREN BRAUN (President)
- MEGAN RABBA (Vice President)
- SUE BRAUN (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Ensure the performing arts will be available and accessible to the public in Hauppauge, New York, and surrounding areas. Performances will provide education, culture, and community building.
What it reported doing in 2019
Provide Long Island with quality theatre and arts programs for children and adults. Classes are offered to teach and train students of all ages.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 82
- Sustainability: 4
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.1%; rating input score 96
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -90.6%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 3.3%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: 16.9% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: -29.7% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $216K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2015 to 2019
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 28/100.