FULTON MALL IMPROVEMENT ASSOCIATION INC (EIN 116259160) - 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

1976

Legal Domicile

Principal Officer

REGINA MYER

Phone

7184031600

Tax Period

2022-07-01 to 2023-06-30

FULTON MALL IMPROVEMENT ASSOCIATION INC, founded in 1976, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 10% surplus.

Mission

PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A SPECIAL ASSESSMENT DISTRICT LOCATED IN NYC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,972,089

Investment Income $168

Other Revenue $0

TOTAL REVENUE $2,972,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,426

Fundraising Expenses $0

Program Expenses $2,138,175

Other Expenses $2,214,922

TOTAL EXPENSES $2,666,348

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,972,257	$2,634,805	+0.1%
Expenses	$2,666,348	$2,565,447	+0.0%
Net Income	$305,909	$69,358	+3.4%

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

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

$652,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT LABOZ	CHAIR	0.50	Officer Director	$0	$0	$0
JEREMY HILL	SECRETARY	0.50	Officer Director	$0	$0	$0
KASEY COLANDER	TREASURER	0.50	Officer Director	$0	$0	$0
ALAN ROSEN	DIRECTOR	0.50	Director	$0	$0	$0
ALI SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
ANTHONY MAZZA	DIRECTOR	0.50	Director	$0	$0	$0
ARVIND SINDHWANI	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN EZRA	DIRECTOR	0.50	Director	$0	$0	$0
CALVIN BROWN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL ABRAMSON	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD CEN	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE SILVA	DIRECTOR	0.50	Director	$0	$0	$0
ISAAC CHERA	DIRECTOR	0.50	Director	$0	$0	$0
JEFF SUTTON	DIRECTOR	0.50	Director	$0	$0	$0
LINCOLN FRITZ	DIRECTOR	0.50	Director	$0	$0	$0
LLOYD SHULMAN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CHERA	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL HIRSCHHORN	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE CADORE	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM JEMAL	DIRECTOR	0.50	Director	$0	$0	$0
REGINA MYER	ORG. MANAGER	10.00	Officer	$0	$41,881	$487,730
SCOTT HOBBS	MANAGING DIRECTOR OF FINANCE (FORMER)	45.00	Officer	$0	$1,356	$93,000
JENNIFER TAUSIG	MANAGING DIRECTOR OF FINANCE	45.00	Officer	$0	$6,251	$71,516

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,972,257	$2,666,348	$1,517,274	$305,909
2022	$2,634,805	$2,565,447	$1,264,728	$69,358
2021	$2,714,668	$2,521,850	$1,426,707	$192,818
2020	$2,642,288	$2,539,624	$1,598,455	$102,664
2019	$2,059,356	$2,062,490	$1,075,965	$-3,134
2018	$2,029,883	$2,155,931	$1,117,661	$-126,048

FULTON MALL IMPROVEMENT ASSOCIATION INC