WORLD TRADE CENTER SMALL BUSINESS … - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

PATRICK J MACKRELL

Phone

5186410604

Tax Period

2019-10-01 to 2020-09-30

WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC, founded in 2001, is a micro nonprofit that reported $36K in total revenue in fiscal year 2019. Revenue decreased 9% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 7515% operating deficit.

Mission

THE COLLECTION AND ADMINISTRATION OF MONETARY RELIEF FUNDS, PRINCIPALLY IN THE FORM OF LOW INTEREST RATE LOANS, TO BENEFIT INDIVIDUALS AND SMALL BUSINESSES IMPACTED BY THE SEPTEMBER 11, 2001 TERRORIST ATTACK ON THE WORLD TRADE CENTER IN NEW YORK CITY.

Program Service Accomplishments

Program 1

Expenses: $2,694,928 Revenue: $8,590

DURING THE FISCAL YEAR, THE FUND TRANFERRED IT'S REMAINING ASSETS TO THE NYBDC LOCAL DEVELOPMENT CORPORATION.

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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 $8,590

Investment Income $27,035

Other Revenue $0

TOTAL REVENUE $35,625

Expense Breakdown

Grants Paid $2,669,928

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,694,928

Other Expenses $43,070

TOTAL EXPENSES $2,712,998

Year-over-Year Comparison

	2019	2018	Change
Revenue	$35,625	$39,166	-0.1%
Expenses	$2,712,998	$73,003	+36.2%
Net Income	$-2,677,373	$-33,837	+78.1%

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

N/A

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
PATRICK J MACKRELL	OFFICER	1.00	Officer Director	$0	$0	$0
JEFFERY BOYCE	SECRETARY	1.00	Officer Director	$0	$0	$0
MARY HOFFMAN	DIRECTOR	1.00	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
2020	$35,625	$2,712,998	No data	$-2,677,373
2019	$39,166	$73,003	$2,708,319	$-33,837
2018	$5,644	$19,999	$2,736,073	$-14,355

WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC