DUMBO DISTRICT MANAGEMENT ASSOCIATION INC (EIN 200214837) - 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

2003

Legal Domicile

Phone

7182378700

Tax Period

2024-07-01 to 2025-06-30

DUMBO DISTRICT MANAGEMENT ASSOCIATION INC, founded in 2003, is a community nonprofit in the Public Safety sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

THE ASSOCIATION IS DEDICATED TO ENHANCING AND PROMOTING THE COMMUNITY KNOWN AS DUMBO ( DOWN UNDER THE MANHATTAN BRIDGE OVERPASS)IN THE BOROUGH OF BROOKLYN, NEW YORK. THE ASSOCIATION SHOWCASES DUMBO AS A WORLD CLASS DESTINATION AND A CENTER FOR BUSINESS.

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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 $162,126

Program Service Revenue $2,177,419

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,339,545

Expense Breakdown

Grants Paid $52,716

Salaries & Benefits $923,911

Fundraising Expenses $20,092

Program Expenses $2,122,237

Other Expenses $1,344,497

TOTAL EXPENSES $2,321,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,339,545	$2,170,018	+0.1%
Expenses	$2,321,124	$2,195,008	+0.1%
Net Income	$18,421	$-24,990	-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

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

$327,345

Total Directors

$327,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRIA SICA	President	40.00	Officer Director	$253,630	$73,715	$327,345
Senior Vice President	Senior VP	40.00		$165,400	$68,576	$233,976
Kalvis Mikelsteins	Dir of Operations	40.00		$117,699	$47,902	$165,601
TOM MONTVEL-COHEN	Director	3.00	Director	$0	$0	$0
Joseph Meng	Director	3.00	Director	$0	$0	$0
Ayana Champagne	Director	3.00	Director	$0	$0	$0
BRUCE SILVERGLADE	Treasurer	3.00	Officer Director	$0	$0	$0
PETER BENEDETTO	Director	3.00	Director	$0	$0	$0
CHARLIE CARA	Director	3.00	Director	$0	$0	$0
SUSAN FELDMAN	Director	3.00	Director	$0	$0	$0
JACK GUTTMAN	Director	3.00	Director	$0	$0	$0
SALVATORE LEONARDI	Director	3.00	Director	$0	$0	$0
JED WALENTAS	Director	3.00	Director	$0	$0	$0
ASHER ABSHERA	Director	3.00	Director	$0	$0	$0
JACK CAYRE	Director	3.00	Director	$0	$0	$0
TANYA RYND	Director	3.00	Director	$0	$0	$0
Lincoln Restler	Director	3.00	Director	$0	$0	$0
Taya Muller	Director	3.00	Director	$0	$0	$0
SAYAR LONIAL	Chairman	3.00	Officer Director	$0	$0	$0
RAY LEVIN	Director	3.00	Director	$0	$0	$0
DAVID LOMBINO	Secretary	3.00	Officer Director	$0	$0	$0
JOHARI JENKINS	Director	3.00	Director	$0	$0	$0
Joey Cummings	Director	3.00	Director	$0	$0	$0
Brad Lander	Director	3.00	Director	$0	$0	$0
Antonio Reynoso	Director	3.00	Director	$0	$0	$0
Dynishal Gross	Director	3.00	Director	$0	$0	$0
LAURA ROUMANOS	Director	3.00	Director	$0	$0	$0
LINDSAY STUART	Vice Chair	3.00	Officer 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	$2,339,545	$2,321,124	$505,240	$18,421
2024	$2,170,018	$2,195,008	$334,247	$-24,990
2023	$1,520,774	$1,728,010	$359,334	$-207,236
2022	$1,531,780	$1,668,016	$532,232	$-136,236
2021	$1,287,367	$1,365,018	$696,123	$-77,651
2020	$1,519,396	$1,343,543	$815,244	$175,853
2019	$1,428,904	$1,205,138	$586,094	$223,766
2018	$1,101,336	$1,038,866	$333,001	$62,470

DUMBO DISTRICT MANAGEMENT ASSOCIATION INC