YONKERS DOWNTOWN WATERFRONT DEVELOPMENT CORPORATION (EIN 133798295) - 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

1994

Legal Domicile

Principal Officer

WILSON KIMBALL

Phone

9143776080

Tax Period

2019-01-01 to 2019-12-31

YONKERS DOWNTOWN WATERFRONT DEVELOPMENT CORPORATION, founded in 1994, is a micro nonprofit in the Community Improvement sector that reported $316 in total revenue in fiscal year 2019. Expenses of $23K exceeded revenue, resulting in a 7102% operating deficit.

Mission

TO ENCOURAGE THE DEVELOPMENT AND RETENTION OF JOBS, BUSINESS AND INDUSTRY, TO FOSTER PROJECTS FOR COMMERICAL, RETAIL & RESIDENTIAL USES. TO DEVELOP THE CITY OF YONKERS DOWNTOWN WATERFRONT AREA.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $316

Other Revenue $0

TOTAL REVENUE $316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,157

Other Expenses $22,757

TOTAL EXPENSES $22,757

Year-over-Year Comparison

	2019	2018	Change
Revenue	$316	N/A	N/A
Expenses	$22,757	N/A	N/A
Net Income	$-22,441	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYOR MIKE SPANO	CHAIR	1.00	Officer Director	$0	$0	$0
JIM CAVANAUGH	DEPUTY MAYOR	0.50	Officer Director	$0	$0	$0
JOHN LISZEWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
JERROLD GOLDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
WILLIAM MASCETTA	BOARD MEMBER	0.50	Director	$0	$0	$0
RONALD SCHUTTE	BOARD MEMBER	0.50	Director	$0	$0	$0
BOB WALTERS	BOARD MEMBER	0.50	Director	$0	$0	$0
WILSON KIMBALL	EXECUTIVE DIRECTOR	0.50	Officer	$0	$0	$0

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
2019	$316	$22,757	$340,968	$-22,441

YONKERS DOWNTOWN WATERFRONT DEVELOPMENT CORPORATION