NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEIGHBORHOOD RISK MANAGEMENT CORP, founded in 2005, is a micro nonprofit that reported $124 in total revenue in fiscal year 2021. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 1246869% operating deficit.
NRMC WAS ESTABLISHED TO PROVIDE RISK REDUCTION AND LOSS MITIGATION SERVICES AND EDUCATIONAL PROGRAMS TO ITS MEMBERS SO THAT THEY IN TURN CAN LEARN TO REDUCE THEIR LOSS-RELATED EXPENSES AND DEVOTE MORE OF THEIR LIMITED RESOURCES TO THEIR AFFORDABLE HOUSING MISSIONS. NRMC ALSO ADVISES ITS MEMBERS ON INSURANCE AND ALTERNATIVE RISK COVERAGES. NRMC ASSISTS MEMBERS IN OBTAINING SUCH ALTERNATIVE COVERAGES WITH THIRD-PARTY INSURANCE COMPANIES WITH BROADER COVERAGES AND AT A LOWER COST THAN IS GENERALLY AVAILABLE IN THE MARKETPLACE, AND FACILITATES THE ESTABLISHMENT OF LOSS CONTROL AND RISK MANAGEMENT PROGRAMS WHICH WILL MINIMIZE LOSSES AND COSTS OF MEMBERS IN THE FULFILLMENT OF THEIR CHARITABLE MISSIONS.
NRMC PROVIDES RISK MANAGEMENT TRAINING AND LOSS MITIGATION PROGRAMS FOR MEMBERS AND PROSPECTIVE MEMBERS, INCLUDING MEMBERS OF NEIGHBORWORKS AMERICA ("NWA"). THESE TRAININGS FOCUS ON TOPICS SUCH AS...
NRMC PROVIDES RISK MANAGEMENT TRAINING AND LOSS MITIGATION PROGRAMS FOR MEMBERS AND PROSPECTIVE MEMBERS, INCLUDING MEMBERS OF NEIGHBORWORKS AMERICA ("NWA"). THESE TRAININGS FOCUS ON TOPICS SUCH AS RELIABLE INSPECTION SYSTEMS, FIRE SAFETY, CLAIM MITIGATION AND PREVENTION, PROPERTY-VENDOR CONTRACT FORMS AND AGREEMENTS AND EFFECTIVE PROPERTY MAINTENANCE. NRMC HAS DEVELOPED RISK MANAGEMENT CLASSES AND A WEBSITE TO DISTRIBUTE BEST PRACTICES IN RISK MANAGEMENT AND RISK MANAGEMENT TOOLS. TRAINING AND RISK MITIGATION PROGRAMS AND LOSS MITIGATION INITIATIVES ARE PROVIDED TO NRMC MEMBERS BY THE STAFF OF NRMC AND ALSO BY OUTSIDE PROFESSIONALS, INCLUDING INSURANCE BROKERS, RISK MANAGEMENT CONSULTANTS AND SAFETY EXPERTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $124 | $549 | -0.8% |
| Expenses | $1,546,242 | $327,070 | +3.7% |
| Net Income | $-1,546,118 | $-326,521 | +3.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIM THORLAND | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRED LAZARE | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JIM FERRIS | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN PILCHER | MEMBER | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $124 | $1,546,242 | No data | $-1,546,118 |
| 2021 | $549 | $327,070 | $1,569,483 | $-326,521 |
| 2020 | $1,684 | $-965,007 | $2,186,692 | $966,691 |
| 2019 | $5,131 | $125,938 | $2,891,687 | $-120,807 |
| 2018 | $168,085 | $378,058 | $3,282,295 | $-209,973 |
Compare NEIGHBORHOOD RISK MANAGEMENT CORP with other nonprofits in New York and across the country.