ATLANTIC AVE ASSOC LOCAL DEVELOPMENT (EIN 112786225) - 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

1986

Legal Domicile

Phone

7188758993

Tax Period

2023-01-01 to 2023-12-31

ATLANTIC AVE ASSOC LOCAL DEVELOPMENT, founded in 1986, is a small nonprofit that reported $456K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $396K left a modest 13% surplus.

Mission

to further economic development, historic preservation,and cultural enrichment on Atlantic Avenue, in Brooklyn, New York, from Fourth Avenue to theWaterfront and the surrounding community.

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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 $375,487

Program Service Revenue $0

Investment Income $206

Other Revenue $80,159

TOTAL REVENUE $455,852

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,055

Fundraising Expenses $33,072

Program Expenses $319,791

Other Expenses $224,317

TOTAL EXPENSES $396,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$455,852	$399,662	+0.1%
Expenses	$396,372	$377,615	+0.0%
Net Income	$59,480	$22,047	+1.7%

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

N/A

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
SUE WOLFE	Vice President	5.00	Officer Director	$0	$0	$0
Howard Kolins	Executive Dir.	32.00	Officer Director	$0	$0	$0
NAT RUBIN	Treasurer	5.00	Officer Director	$0	$0	$0
SHARON TAYLOR	President	5.00	Officer Director	$0	$0	$0
Adam Suerte	Director	5.00	Director	$0	$0	$0
DARLENE C SAMUELS	Director	5.00	Director	$0	$0	$0
DEBRA HARE-BEY	Director	5.00	Director	$0	$0	$0
Emily Fisher	Secretary	5.00	Officer Director	$0	$0	$0
Eileen Trilli	Director	5.00	Director	$0	$0	$0
Karen Zebulon	Director	5.00	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
2024	No data	No data	No data	No data
2023	$455,852	$396,372	$399,709	$59,480
2022	$399,662	$377,615	$353,566	$22,047
2021	$414,213	$361,162	$349,676	$53,051
2020	$145,998	$269,165	$361,276	$-123,167
2019	$437,660	$453,808	$380,754	$-16,148
2018	$456,072	$442,750	$412,557	$13,322

ATLANTIC AVE ASSOC LOCAL DEVELOPMENT