MYRTLE AVENUE DISTRICT MGT ASSOC

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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

1983

Legal Domicile

Principal Officer

PETER J AIGNER

Phone

7183663806

Tax Period

2024-07-01 to 2025-06-30

MYRTLE AVENUE DISTRICT MGT ASSOC, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $633K in total revenue in fiscal year 2024.

Mission

TO IMPROVE THE ECONOMIC DEVELOPMENT OF THE AREA

Program Service Accomplishments

Program 1

Expenses: $395,278 Revenue: $516,626

SUPPLEMENTAL SERVICES TO GENERALLY IMPROVE THE ECONOMICDEVELOPMENT OF THE MYRTLE AVENUE SHOPPING 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 (2024)

Revenue Breakdown

Contributions & Grants $102,406

Program Service Revenue $516,626

Investment Income $461

Other Revenue $13,446

TOTAL REVENUE $632,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $395,278

Other Expenses $620,952

TOTAL EXPENSES $620,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,939	$608,228	+0.0%
Expenses	$620,952	$568,330	+0.1%
Net Income	$11,987	$39,898	-0.7%

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

N/A

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
ANTONETTA BINANTI	SECRETARY	2.00	Officer Director	$0	$0	$0
GASPARE MISTRETTA	DIRECTOR	0.50	Director	$0	$0	$0
GARY PROTASS	DIRECTOR	0.50	Director	$0	$0	$0
PETER AIGNER	TREASURER	2.00	Officer Director	$0	$0	$0
STANLEY EPSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
SERGIO ASARO	DIRECTOR	0.50	Director	$0	$0	$0
VALARIE WORNIAN	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
ROMAN BARROSO	DIRECTOR	0.50	Director	$0	$0	$0
HON ERIC ADAMS	DIRECTOR	0.00	Director	$0	$0	$0
HON BRAD LANDER	DIRECTOR	0.00	Director	$0	$0	$0
HON DONOVAN RICHARDS JR	DIRECTOR	0.50	Director	$0	$0	$0
HON JENNIFER GUTIERREZ	DIRECTOR	0.50	Director	$0	$0	$0
VINCENT ARCURI JR	DIRECTOR	0.50	Director	$0	$0	$0
HON ROBERT HOLDEN	DIRECTOR	0.00	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	$632,939	$620,952	$312,178	$11,987
2024	$608,228	$568,330	$333,042	$39,898
2023	$620,213	$572,273	$322,850	$47,940
2022	$508,012	$501,939	$283,899	$6,073
2021	$542,859	$452,775	$296,259	$90,084
2020	$556,876	$542,638	$123,998	$14,238
2019	$558,450	$562,109	$125,346	$-3,659
2018	$551,896	$560,349	$138,140	$-8,453