FIFTH AVENUE ASSOCIATION BUSINESS IMPROVEMENT DISTRICT INC (EIN 133709348) - 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

1993

Legal Domicile

Principal Officer

MADELYN WILS

Phone

2122651310

Tax Period

2024-07-01 to 2025-06-30

FIFTH AVENUE ASSOCIATION BUSINESS IMPROVEMENT DISTRICT INC, founded in 1993, is a community nonprofit in the Community Improvement sector that reported $8.5M in total revenue in fiscal year 2024. Expenses of $8.2M left a modest 4% surplus.

Mission

PROMOTE THE ECONOMIC GROWTH AND VITALITY OF A BUSINESS IMPROVEMENT 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 (2024)

Revenue Breakdown

Contributions & Grants $14,000

Program Service Revenue $8,456,521

Investment Income $7,281

Other Revenue $0

TOTAL REVENUE $8,477,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,451,294

Fundraising Expenses $0

Program Expenses $6,971,515

Other Expenses $3,710,308

TOTAL EXPENSES $8,161,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,477,802	$8,803,473	0.0%
Expenses	$8,161,602	$9,777,143	-0.2%
Net Income	$316,200	$-973,670	-1.3%

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

$354,921

Total Directors

Key Employees

$238,330

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD P HOGAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW LEVIN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK GOLDBERG	TREASURER	1.00	Officer Director	$0	$0	$0
HOWARD SCHWARTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLEN WALTHER	DIRECTOR	0.25	Director	$0	$0	$0
AMY MILLER MADRY	DIRECTOR	0.25	Director	$0	$0	$0
ANDREW MARCUS	DIRECTOR	0.25	Director	$0	$0	$0
ANISH MELWANI	DIRECTOR	0.25	Director	$0	$0	$0
BRAD LANDER	DIRECTOR	0.25	Director	$0	$0	$0
BRETT HERSCHENFELD	DIRECTOR	0.25	Director	$0	$0	$0
CARDINAL TIMOTHY DOLAN	DIRECTOR	0.25	Director	$0	$0	$0
DARCY PENICK	DIRECTOR	0.25	Director	$0	$0	$0
DOUGLAS NEYE	DIRECTOR	0.25	Director	$0	$0	$0
EWA ABRAMS	DIRECTOR	0.25	Director	$0	$0	$0
HELEN KING	DIRECTOR	0.25	Director	$0	$0	$0
JOAN SBARRO	DIRECTOR	0.25	Director	$0	$0	$0
KEITH POWERS	DIRECTOR	0.25	Director	$0	$0	$0
KATHERINE STALLINGS BREN	DIRECTOR	0.25	Director	$0	$0	$0
MARK LEVINE	DIRECTOR	0.25	Director	$0	$0	$0
MATTHEW CALAMARI	DIRECTOR	0.25	Director	$0	$0	$0
MORRIS ADES	DIRECTOR	0.25	Director	$0	$0	$0
NICOLE KUSHNER MEYER	DIRECTOR	0.25	Director	$0	$0	$0
RUEDIGER ALBERS	DIRECTOR	0.25	Director	$0	$0	$0
STANLEY CHERA JR	DIRECTOR	0.25	Director	$0	$0	$0
MADELYN WILS	INTERIM PRESIDENT & CEO (AS OF 4/25)	40.00	Officer	$345,090	$9,831	$354,921
EDWARD F PINCAR JR	PRESIDENT (AS OF 3/25)	40.00	Officer	$0	$0	$0
MARIE BOSTER	PRESIDENT (FORMER) (UNTIL 4/24)	40.00		$158,622	$14,171	$172,793
MARK DICUS	V.P. OF OPERATIONS & PLANNING	40.00	Key Emp	$202,009	$36,321	$238,330
ANILU DELGADO	DIR. OF FINANCE AND H.R.	40.00	Highest	$114,643	$33,132	$147,775
GEORGE GRONER	DIRECTOR OF SECURITY	40.00	Highest	$105,504	$3,468	$108,972

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	$8,477,802	$8,161,602	$3,674,682	$316,200
2024	$8,803,473	$9,777,143	$3,547,121	$-973,670
2023	$8,641,684	$6,859,798	$4,801,292	$1,781,886
2022	$6,747,998	$8,236,130	$1,371,227	$-1,488,132
2021	$6,534,416	$6,546,401	$2,851,801	$-11,985
2020	$6,453,501	$4,944,712	$2,698,759	$1,508,789
2019	$3,230,733	$3,355,531	$1,092,475	$-124,798

FIFTH AVENUE ASSOCIATION BUSINESS IMPROVEMENT DISTRICT INC