CENTRAL DISTRICT MANAGEMENT ASSOCIATION (EIN 141803886) - 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

1998

Legal Domicile

Principal Officer

DAVID PARENTE

Phone

5184624300

Tax Period

2023-01-01 to 2023-12-31

CENTRAL DISTRICT MANAGEMENT ASSOCIATION, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 6% surplus.

Mission

RESTORE VIABILITY OF CENTRAL AVENUE BUSINESS DISTRICT

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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 $1,223,235

Program Service Revenue $38,171

Investment Income $978

Other Revenue $0

TOTAL REVENUE $1,262,384

Expense Breakdown

Grants Paid $294,619

Salaries & Benefits $347,732

Fundraising Expenses $0

Program Expenses $1,061,291

Other Expenses $548,194

TOTAL EXPENSES $1,190,545

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,262,384	$713,635	+0.8%
Expenses	$1,190,545	$819,688	+0.5%
Net Income	$71,839	$-106,053	-1.7%

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

$124,706

Total Directors

$124,706

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PARENTE	CHAIR	5.00	Officer Director	$0	$0	$0
KEN MORTENSEN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
DAN SANDERS	CORPORATE TREASURER	5.00	Officer Director	$0	$0	$0
ELLIOTT ROSEN	CORPORATE SECRETARY	5.00	Officer Director	$0	$0	$0
DARIUS SHAHINFAR	DIRECTOR	5.00	Director	$0	$0	$0
JOHN VERO	DIRECTOR	5.00	Director	$0	$0	$0
WONHYUNG LEE	DIRECTOR	5.00	Director	$0	$0	$0
ASHLEY MOHL	DIRECTOR	5.00	Director	$0	$0	$0
JONATHAN SCHERZER	DIRECTOR	5.00	Director	$0	$0	$0
HON MICHAEL O'BRIEN	DIRECTOR	5.00	Director	$0	$0	$0
PETER HUGHES	DIRECTOR	5.00	Director	$0	$0	$0
FRANK ZEOLI	DIRECTOR	5.00	Director	$0	$0	$0
HYDE CLARKE	DIRECTOR	5.00	Director	$0	$0	$0
CHIEF ERIC HAWKINS	DIRECTOR	5.00	Director	$0	$0	$0
ANTHONY CAPECE	EXECUTIVE DIRECTOR	40.00	Officer Director	$124,706	$0	$124,706
JEFF MIREL	DIRECTOR	5.00	Director	$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
2024	No data	No data	No data	No data
2023	$1,262,384	$1,190,545	$3,198,160	$71,839
2022	$713,635	$819,684	$3,183,103	$-106,049
2022	$713,635	$819,688	$3,183,103	$-106,053
2021	$747,035	$701,431	$3,273,033	$45,604
2020	$777,821	$719,505	$3,679,627	$58,316
2019	$1,415,934	$587,195	$3,578,643	$828,739
2018	$908,989	$463,950	$1,212,761	$445,039

CENTRAL DISTRICT MANAGEMENT ASSOCIATION