UNITED NATIONS DEVELOPMENT CORPORATION (EIN 132626199) - 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

1968

Legal Domicile

Principal Officer

ROBERT COLE

Phone

2128881618

Tax Period

2023-01-01 to 2023-12-31

UNITED NATIONS DEVELOPMENT CORPORATION, founded in 1968, is a mid-sized nonprofit in the International Affairs sector that reported $44.3M in total revenue in fiscal year 2023. The organization ran a surplus of $9.3M, a strong 21% operating margin.

Mission

THE CORPORATION WAS CREATED FOR THE PURPOSE OF PLANNING AND DEVELOPING FACILITIES FOR UNITED NATIONS-RELATED ACTIVITIES WITHIN A DEFINED "UNITED NATIONS DEVELOPMENT DISTRICT" ADJACENT TO THE UNITED NATIONS HEADQUARTERS IN NEW YORK CITY.

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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 $0

Program Service Revenue $39,927,708

Investment Income $4,058,024

Other Revenue $349,537

TOTAL REVENUE $44,335,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,084,807

Fundraising Expenses $0

Program Expenses $29,825,584

Other Expenses $32,906,160

TOTAL EXPENSES $34,990,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,335,269	$46,322,303	0.0%
Expenses	$34,990,967	$31,920,545	+0.1%
Net Income	$9,344,302	$14,401,758	-0.4%

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

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

$1,172,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADOLFO CARRION JR	DIRECTOR	1.00	Director	$0	$0	$0
AMABEL B JAMES	DIRECTOR	1.00	Director	$0	$0	$0
ANDY K SHENOY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE FALVO	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL GARODNICK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MACK	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD MERMELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE KLEIN	CHAIRMAN	15.00	Officer Director	$0	$0	$0
JAN BURMAN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HEALY	DIRECTOR	1.00	Director	$0	$0	$0
JOEL M SILVERMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH RUTIGLIANO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL NATAPOFF	DIRECTOR	1.00	Director	$0	$0	$0
JORGE ORTIZ	VP/CONTROLLER	40.00	Officer	$192,555	$86,275	$278,830
KENNETH COOPERSMITH	VICE PRESIDENT	40.00	Officer	$234,869	$63,015	$297,884
MARIA LOIDA DIAZ DE JESUS	VICE PRESIDENT	40.00	Officer	$145,311	$66,924	$212,235
ROBERT B COLE	EXECUTIVE VICE PRESIDENT	40.00	Officer	$274,509	$109,462	$383,971
HUI-CHEN LIU	DEPUTY CONTROLLER	40.00	Highest	$120,694	$55,967	$176,661
JUSTIN HANDMAN	ASST VP & DIRECTOR OF COMP	40.00	Highest	$103,469	$74,010	$177,479
TERESA TANG	SENIOR AUDITOR	40.00	Highest	$125,711	$47,133	$172,844

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	$44,335,269	$34,990,967	$206,634,166	$9,344,302
2022	$46,322,303	$31,920,545	$196,546,817	$14,401,758
2021	$46,243,067	$29,383,276	$182,088,403	$16,859,791
2020	$47,538,778	$33,245,847	$174,478,498	$14,292,931
2019	$49,548,690	$44,491,821	$178,153,070	$5,056,869
2018	$48,291,254	$32,113,907	$178,958,094	$16,177,347

UNITED NATIONS DEVELOPMENT CORPORATION