NEIGHBORHOOD RISK MANAGEMENT CORP (EIN 202555863) - 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

2005

Legal Domicile

Principal Officer

DEBORAH ASCHHEIM

Phone

2125096762

Tax Period

2021-04-01 to 2022-03-31

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.

Mission

NEIGHBORHOOD RISK MANAGEMENT COPR. (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.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $124

Other Revenue $0

TOTAL REVENUE $124

Expense Breakdown

Grants Paid $1,509,384

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,509,384

Other Expenses $36,858

TOTAL EXPENSES $1,546,242

Year-over-Year Comparison

	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%

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

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
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

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
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

NEIGHBORHOOD RISK MANAGEMENT CORP