BROOKLYN HEIGHTS ASSOCIATION INC (EIN 111504005) - 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

1948

Legal Domicile

Principal Officer

LARA BIRNBACK

Phone

7188589193

Tax Period

2023-09-01 to 2023-12-31

BROOKLYN HEIGHTS ASSOCIATION INC, founded in 1948, is a small nonprofit in the Community Improvement sector that reported $112K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $153K exceeded revenue, resulting in a 37% operating deficit.

Mission

The mission of the BHA is to engage the Brooklyn Heights community in maintaining and improving the quality of life in our neighborhood. We regularly act as a go between for neighborhood residents and city agencies, and work to make sure the neighborhood stays safe, clean, and green and we protect against incursion into the historic district.

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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 $99,512

Program Service Revenue $4,353

Investment Income $7,698

Other Revenue $0

TOTAL REVENUE $111,563

Expense Breakdown

Grants Paid $2,011

Salaries & Benefits $82,147

Fundraising Expenses $14,410

Program Expenses $109,857

Other Expenses $68,459

TOTAL EXPENSES $152,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,563	$539,527	-0.8%
Expenses	$152,617	$410,696	-0.6%
Net Income	$-41,054	$128,831	-1.3%

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

$110,476

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARA BIRNBACK	Executive Dir.	40.00	Officer	$108,309	$2,167	$110,476
APRIL SOMBOUN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER LARUSSO LEUNG	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA MCLAUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAKE BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE PLATT	BOARD MEMBER	1.00	Director	$0	$0	$0
RAOUL BHAVNANI	BOARD MEMBER	1.00	Director	$0	$0	$0
KOREN VOLK	President	10.00	Officer Director	$0	$0	$0
SUSAN RESTLER	Treasurer	2.00	Officer Director	$0	$0	$0
ELIZABETH MALLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA DINCE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MACINTOSH	BOARD MEMBER	1.00	Director	$0	$0	$0
JORDAN TAMAGNI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTIAN F BASTIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LORRAINE BONAVENTURA	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY LECHTZIN	Vice President	2.00	Officer Director	$0	$0	$0
CHRISTOPHER MELLING	SECRETARY	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	No data	No data	No data	No data
2023	$539,527	$410,696	$762,475	$128,831
2023	$111,563	$152,617	$715,740	$-41,054
2022	$324,031	$371,505	$810,944	$-47,474
2021	$279,596	$280,476	$721,824	$-880
2020	$469,228	$356,549	$676,716	$112,679
2019	$418,839	$464,305	$666,064	$-45,466
2018	$464,717	$312,978	$600,466	$151,739

BROOKLYN HEIGHTS ASSOCIATION INC