NORTHERN MANHATTAN IMPROVEMENT CORPORATION (EIN 132972415) - 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

1979

Legal Domicile

Principal Officer

MARIA LIZARDO

Phone

2128228300

Tax Period

2023-07-01 to 2024-06-30

NORTHERN MANHATTAN IMPROVEMENT CORPORATION, founded in 1979, is a mid-sized nonprofit in the Community Improvement sector that reported $26.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $25.7M left a modest 3% surplus.

Mission

OUR MISSION IS TO SERVE AS A CATALYST FOR POSITIVE CHANGE IN THE LIVES OF THE PEOPLE IN OUR COMMUNITY ON THEIR PATHS TO SECURE VIOLENCE-FREE AND PROSPEROUS FUTURES.

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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 $25,901,403

Program Service Revenue $598,361

Investment Income $8,513

Other Revenue $9,344

TOTAL REVENUE $26,517,621

Expense Breakdown

Grants Paid $2,815,086

Salaries & Benefits $12,277,281

Fundraising Expenses $161,449

Program Expenses $22,531,503

Other Expenses $10,587,418

TOTAL EXPENSES $25,679,785

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,517,621	$23,078,505	+0.1%
Expenses	$25,679,785	$22,777,851	+0.1%
Net Income	$837,836	$300,654	+1.8%

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

198

Volunteers

275

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

$489,579

Total Directors

Key Employees

$418,413

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUAN ARTEAGA	CHAIR	4.00	Officer Director	$0	$0	$0
CHERYL KALLEM	VICE CHAIR	4.00	Officer Director	$0	$0	$0
ETHAN MILLER	TREASURER	4.00	Officer Director	$0	$0	$0
EDWARD CUESTA	SECRETARY	4.00	Officer Director	$0	$0	$0
NANCY WACKSTEIN	BOARD MEMBER	4.00	Director	$0	$0	$0
SENY TAVERAS	BOARD MEMBER	4.00	Director	$0	$0	$0
ROBIN HONIG	BOARD MEMBER	4.00	Director	$0	$0	$0
ROSHAN AHMAD	BOARD MEMBER	4.00	Director	$0	$0	$0
KAYLA MCPHERSON	BOARD MEMBER	4.00	Director	$0	$0	$0
NATALIE TEJADA	BOARD MEMBER	4.00	Director	$0	$0	$0
EVELYN DE LA ROSA	BOARD MEMBER	4.00	Director	$0	$0	$0
SANDRA HARRIS	BOARD MEMBER	4.00	Director	$0	$0	$0
JOHN LYONS	BOARD MEMBER	4.00	Director	$0	$0	$0
RUTH FASOLDT	BOARD MEMBER	4.00	Director	$0	$0	$0
WILLIAM LEE	BOARD MEMBER	4.00	Director	$0	$0	$0
MARIA LIZARDO	EXECUTIVE DIRECTOR	40.00	Officer	$220,258	$38,397	$258,655
GREGORY BANGSER	CHIEF STRATEGY & INNOVATION OFFICER	40.00	Officer	$195,769	$35,155	$230,924
JOHN MCGEEHAN	OUTSOURCED CFO	30.00	Officer	$0	$0	$0
RODRIGO SANCHEZ-CAMUS	DIRECTOR OF LOA	40.00	Key Emp	$197,964	$35,227	$233,191
KIMBERLY WARNER	DEPUTY DIRECTOR LOA	40.00	Key Emp	$156,602	$28,620	$185,222
DANIEL RIEBER	DIRECTOR OF WEATHERIZATION	40.00	Highest	$121,651	$51,709	$173,360
ALAN MORLEY	SUPERVISING LITIGATION ATTORNEY	40.00	Highest	$116,364	$24,257	$140,621
PHILIP DUNCAN	ASST. DIRECTOR FOR HOUSING	40.00	Highest	$118,031	$34,774	$152,805
ROSANNA MONTILLA-PAYANO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$110,150	$26,377	$136,527
IAN KORR	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$112,847	$10,628	$123,475

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	$26,517,621	$25,679,785	$49,598,955	$837,836
2023	$23,078,505	$22,777,851	$43,501,615	$300,654
2022	$21,517,316	$20,281,813	$11,594,817	$1,235,503
2021	$18,004,122	$16,811,903	$8,451,430	$1,192,219
2021	$18,004,122	$16,811,903	$8,451,430	$1,192,219
2020	$16,140,669	$15,889,872	$8,773,695	$250,797
2019	$15,284,964	$15,238,930	$7,308,892	$46,034
2018	$14,317,594	$13,795,567	$5,855,692	$522,027

NORTHERN MANHATTAN IMPROVEMENT CORPORATION