NEAR WESTSIDE NEIGHBORHOOD ASSOCIATION INC (EIN 161125586) - 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

1978

Legal Domicile

Principal Officer

SUE SKIDMORE

Phone

6077334924

Tax Period

2023-12-01 to 2024-11-30

NEAR WESTSIDE NEIGHBORHOOD ASSOCIATION INC, founded in 1978, is a micro nonprofit in the Community Improvement sector that reported $2K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 7033% operating deficit.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND REVITALIZATION OF HOUSING AND THE PRESERVATION OF HISTORIC STRUCTURES WITHIN THE CITY OF ELMIRA, NEW YORK.

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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 $184,406

Program Service Revenue $561

Investment Income $-236,251

Other Revenue $53,417

TOTAL REVENUE $2,133

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,460

Fundraising Expenses $0

Program Expenses $50,887

Other Expenses $84,683

TOTAL EXPENSES $152,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,133	$244,944	-1.0%
Expenses	$152,143	$166,933	-0.1%
Net Income	$-150,010	$78,011	-2.9%

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL VALLELY	PRESIDENT	6.00	Officer Director	$0	$0	$0
TAMMY PETRIWSKY	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
ROZ BROWN	TRUSTEE	4.00	Director	$0	$0	$0
CHARLES CJ CERIO	TRUSTEE	4.00	Director	$0	$0	$0
FR DONALD MATTHEWS	TRUSTEE	4.00	Director	$0	$0	$0
FRANCISO CISCO FLORES JR	TRUSTEE	4.00	Director	$0	$0	$0
BRENT STERMER	TRUSTEE	4.00	Director	$0	$0	$0
JESSICA GARRETT	TRUSTEE	4.00	Director	$0	$0	$0
TANISHA LOGAN-LATTIMORE	TRUSTEE	4.00	Director	$0	$0	$0
SUE SKIDMORE	EXECUTIVE DIRECTOR	20.00	Officer	$24,000	$0	$24,000

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	$2,133	$152,143	$1,029,076	$-150,010
2023	$244,944	$166,933	$1,190,091	$78,011
2022	$379,649	$165,359	$1,150,902	$214,290
2021	$263,179	$202,550	$945,557	$60,629
2020	$210,305	$265,627	$904,785	$-55,322

NEAR WESTSIDE NEIGHBORHOOD ASSOCIATION INC