FOREST AVENUE DISTRICT MANAGEMENT … - 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

2005

Legal Domicile

Principal Officer

MEGAN COPPOLA

Phone

7188164775

Tax Period

2024-07-01 to 2025-06-30

FOREST AVENUE DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $230K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $218K left a modest 5% surplus.

Mission

TO PROVIDE SERVICES TO THE FOREST AVENUE BUSINESS IMPROVEMENT DISTRICT PURSUANT TO THEIR CONTRACT WITH THE CITY OF NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $200,912

PROVIDES ONGOING SERVICES INCLUDING SANITATION, HOLIDAY LIGHTING AND PROMOTIONAL EVENTS FOR BUSINESSES LOCATED IN THE FOREST AVENUE BUSINESS IMPROVEMENT 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 (2024)

Revenue Breakdown

Contributions & Grants $230,000

Program Service Revenue $0

Investment Income $90

Other Revenue $0

TOTAL REVENUE $230,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $200,912

Other Expenses $217,868

TOTAL EXPENSES $217,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,090	$267,137	-0.1%
Expenses	$217,868	$232,725	-0.1%
Net Income	$12,222	$34,412	-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

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
MEGAN COPPOLA	CHAIR	2.00	Officer Director	$0	$0	$0
KIM BECKETT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LAURA VOLSARIO	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY LIGRECI	TREASURER	2.00	Officer Director	$0	$0	$0
DONALD BENTSON	DIRECTOR	2.00	Director	$0	$0	$0
JEAN DAGGAN	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT D'ANTUONO	MEMBER EMERI	2.00	Director	$0	$0	$0
ANDREA S MORSE ESQ	DIRECTOR	2.00	Director	$0	$0	$0
EDDIE DONOVAN	DIRECTOR	2.00	Director	$0	$0	$0
PETER MACRI	DIRECTOR	2.00	Director	$0	$0	$0
JIM THOMPSON	DIRECTOR	2.00	Director	$0	$0	$0
VITO FOSELLA BOROUGH PRESIDENT	DIRECTOR	1.00	Director	$0	$0	$0
KAMILLAH HANKS COUNCILWOMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD LANDER COMPTROLLER	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ADAMS MAYOR	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
2025	$230,090	$217,868	$244,918	$12,222
2024	$267,137	$232,725	$237,114	$34,412
2023	$218,249	$203,990	$215,045	$14,259

FOREST AVENUE DISTRICT MANAGEMENT ASSOCIATION INC