GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION (EIN 113132562) - 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

1992

Legal Domicile

Principal Officer

BRIAN T COLEMAN

Phone

7183833935

Tax Period

2024-01-01 to 2024-12-31

GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Community Improvement sector that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 19% operating margin.

Mission

CREATES AND SUSTAINS VIABLE MANUFACTURING SECTORS IN URBAN NEIGHBORHOODS.

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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 $1,161,916

Program Service Revenue $4,516,189

Investment Income $587,499

Other Revenue $1,496,321

TOTAL REVENUE $7,761,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,116,058

Fundraising Expenses $106,221

Program Expenses $5,542,033

Other Expenses $4,179,211

TOTAL EXPENSES $6,295,269

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,761,925	$6,472,967	+0.2%
Expenses	$6,295,269	$5,902,260	+0.1%
Net Income	$1,466,656	$570,707	+1.6%

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

$716,836

Total Directors

$473,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN T COLEMAN	CEO	24.00	Officer Director	$427,553	$46,192	$473,745
SEBASTIAN HARDY	CHAIR	0.60	Officer Director	$0	$0	$0
LIBBY RYAN	VICE CHAIR	0.60	Officer Director	$0	$0	$0
HARRY SCHWARTZ	SECRETARY	0.60	Officer Director	$0	$0	$0
ROSALIND S PAASWELL	TREASURER	0.60	Officer Director	$0	$0	$0
KATE ASCHER	DIRECTOR	0.60	Director	$0	$0	$0
ALIREZA ESMAEILZADEH	DIRECTOR	0.60	Director	$0	$0	$0
MORT GOLDFEIN	DIRECTOR	0.60	Director	$0	$0	$0
JOHN HOROWITZ	DIRECTOR	0.60	Director	$0	$0	$0
LORINDA KAROFF	DIRECTOR	0.60	Director	$0	$0	$0
JUDITH KUNOFF	DIRECTOR	0.60	Director	$0	$0	$0
ADAM TELL METZGER	DIRECTOR	0.60	Director	$0	$0	$0
MICHAEL NIXON	DIRECTOR	0.60	Director	$0	$0	$0
JOSEPH TOOMA	DIRECTOR	0.60	Director	$0	$0	$0
MICHAEL CAVAGNARO	CFO	24.00	Officer	$221,535	$21,556	$243,091
CASSANDRA SMITH	SENIOR PROJECT MANAGER	24.00	Highest	$179,087	$37,500	$216,587
CURTIS BIEDERBECK	FACILITIES MANAGER	24.00	Highest	$131,465	$33,376	$164,841
GUSTAVO MARTINEZ	PROJECT MANAGER	24.00	Highest	$125,007	$32,779	$157,786

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	$7,761,925	$6,295,269	$68,391,458	$1,466,656
2023	$6,472,967	$5,902,260	$68,216,932	$570,707
2022	$5,077,800	$5,271,351	$70,874,676	$-193,551
2021	$14,539,539	$10,886,193	$54,916,417	$3,653,346
2019	$4,842,843	$4,556,463	$54,585,427	$286,380
2018	$16,242,453	$5,144,476	$54,577,579	$11,097,977

GREENPOINT MANUFACTURING AND DESIGN CENTER LOCAL DEVELOPMENT CORPORATION