DOWNTOWN NEW LONDON ASSOCIATION (EIN 060990313) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

Kip Bochain

Phone

8604433786

Tax Period

2021-01-01 to 2021-12-31

DOWNTOWN NEW LONDON ASSOCIATION, founded in 1987, is a micro nonprofit that reported $44K in total revenue in fiscal year 2021. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 24% operating margin.

Mission

To Promote Businesses in the Downtown New London Area

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $38,400

Program Service Revenue $0

Investment Income $0

Other Revenue $5,198

TOTAL REVENUE $43,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $30,643

Other Expenses $33,254

TOTAL EXPENSES $33,254

Year-over-Year Comparison

	2021	2020	Change
Revenue	$43,598	$21,629	+1.0%
Expenses	$33,254	$25,802	+0.3%
Net Income	$10,344	$-4,173	-3.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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
Barbara Neff	Executive Director	10	Director Key Emp	$0	$0	$0
Kip Bochain	President	1	Officer	$0	$0	$0
Frank McLaughlin	Vice President	1	Officer	$0	$0	$0
Anne Ogden	Secretary	1	Officer	$0	$0	$0
Robert Hinners	Treasurer	1	Officer	$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
2021	$43,598	$33,254	$14,099	$10,344
2020	$21,629	$25,802	$3,755	$-4,173

DOWNTOWN NEW LONDON ASSOCIATION