SOBRO DEVELOPMENT CORPORATION (EIN 133157572) - 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

1981

Legal Domicile

Principal Officer

KAREN GEER

Phone

7182923113

Tax Period

2022-04-01 to 2023-03-31

SOBRO DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2022. Expenses of $1.5M exceeded revenue, resulting in a 44% operating deficit.

Mission

SOBRO DEVELOPMENT CORPORATION ENCOURAGES THE DEVELOPMENT, RETENTION AND EXPANSION OF INDUSTRY AND COMMERCE IN THE SOUTH BRONX.

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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 $1,015,869

Investment Income $0

Other Revenue $20,564

TOTAL REVENUE $1,036,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $931,797

Other Expenses $1,492,075

TOTAL EXPENSES $1,492,075

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,036,433	$965,131	+0.1%
Expenses	$1,492,075	$2,056,039	-0.3%
Net Income	$-455,642	$-1,090,908	-0.6%

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

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

$541,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK L CASTLE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ARLINE PARKS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN MCGUINNESS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY M RICCIO JR	SECRETARY	1.00	Officer Director	$0	$0	$0
MAYRA LINARES-GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
HUGH GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK WILLIS	TREASURER	1.00	Director	$0	$0	$0
PLINIO AYALA	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANI HINDS	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BILL BOLLINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN GEORGE	BOARD MEMBER	1.00	Director	$0	$0	$0
CONOR MCCARTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER RIVERA	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA NIA ROCK	BOARD MEMBER	1.00	Director	$0	$0	$0
PRISCA SALAZAR-RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LOURDES ZAPATA	PRESIDENT & CEO	32.00	Officer	$0	$38,748	$283,801
DELILAH TYSON	CAO	32.00	Officer	$0	$42	$135,561
ROBIN FINNEY-GRANSTON	CFO	32.00	Officer	$0	$19,367	$122,352

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
2023	$1,036,433	$1,492,075	$10,778,145	$-455,642
2022	$965,131	$2,056,039	$9,864,971	$-1,090,908
2021	$888,658	$1,310,399	$9,571,825	$-421,741
2020	$910,859	$530,502	$9,294,912	$380,357
2019	$2,178,909	$1,376,117	$8,140,479	$802,792
2018	$1,134,937	$1,445,101	$8,727,768	$-310,164
2018	$1,134,937	$1,445,101	$8,727,768	$-310,164
2017	$1,289,613	$2,141,313	$7,035,016	$-851,700

SOBRO DEVELOPMENT CORPORATION