RENAISSANCE CITY DEVELOPMENT ASSOCIATION (EIN 060995362) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Phone

8604478011

Tax Period

2024-07-01 to 2025-06-30

RENAISSANCE CITY DEVELOPMENT ASSOCIATION, founded in 1979, is a micro nonprofit in the Community Improvement sector that reported $595K in total revenue in fiscal year 2024. Revenue fell 1716% from the prior year — a significant decline worth monitoring.

Mission

THE RCDA IS COMMITTED TO PROMOTING AND IMPROVING THE ECONOMIC HEALTH OF NEW LONDON, WHILE EXPANDING NEW LONDON'S TAX BASE.

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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 $0

Program Service Revenue $0

Investment Income $43,592

Other Revenue $-638,286

TOTAL REVENUE $-594,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,461

Fundraising Expenses $0

Program Expenses $123,401

Other Expenses $31,800

TOTAL EXPENSES $154,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-594,694	$36,800	-17.2%
Expenses	$154,261	$204,864	-0.2%
Net Income	$-748,955	$-168,064	+3.5%

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

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
MARTIN BERLINER	Director	2.00	Director	$0	$0	$0
PAUL GERAGHTY	Secretary	2.00	Officer Director	$0	$0	$0
FELIX REYES	Director	2.00	Director	$0	$0	$0
LINDA MARIANI	President	2.00	Officer Director	$0	$0	$0
DAVID SCHILL	Director	2.00	Director	$0	$0	$0
TRACY ESPY	Director	2.00	Director	$0	$0	$0
TONY SHERIDAN	Director	2.00	Director	$0	$0	$0
DAVID CROCKER	Treasurer	2.00	Officer Director	$0	$0	$0
NICHOLAS CAPLANSON	Director	2.00	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
2025	$-594,694	$154,261	$2,090,856	$-748,955
2024	$36,800	$204,864	$3,260,979	$-168,064
2023	$32,605	$155,953	$3,430,057	$-123,348
2022	$726,230	$138,831	$3,522,808	$587,399
2022	$332,097	$146,181	$3,522,808	$185,916
2021	$235,530	$165,957	$3,970,936	$69,573
2020	$203,126	$166,712	$4,652,158	$36,414
2019	$191,507	$162,846	$4,647,821	$28,661
2018	$165,418	$230,096	$4,571,954	$-64,678

RENAISSANCE CITY DEVELOPMENT ASSOCIATION