BROOKLYN GREENWAY INITIATIVE (EIN 203283721) - 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

2004

Legal Domicile

Principal Officer

HUNTER ARMSTRONG

Phone

7185220193

Tax Period

2023-01-01 to 2023-12-31

BROOKLYN GREENWAY INITIATIVE, founded in 2004, is a small nonprofit in the Environment sector that reported $422K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $527K exceeded revenue, resulting in a 25% operating deficit.

Mission

CREATION AND LONG-TERM MAINTENANCE OF THE BROOKLYN WATERFRONT GREENWAY.

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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 $421,462

Program Service Revenue $53

Investment Income $2

Other Revenue $0

TOTAL REVENUE $421,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,494

Fundraising Expenses $44,240

Program Expenses $414,800

Other Expenses $149,003

TOTAL EXPENSES $527,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,517	$919,454	-0.5%
Expenses	$527,497	$818,971	-0.4%
Net Income	$-105,980	$100,483	-2.1%

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

165

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

$145,144

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW SIMONS	CHAIR	1.00	Officer Director	$0	$0	$0
AMY E TURNER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATE COLLIGNON	SECRETARY	1.00	Officer Director	$0	$0	$0
TED WEISSBERG	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORAH FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC J PITT	DIRECTOR	1.00	Director	$0	$0	$0
GORDON HILL	DIRECTOR	1.00	Director	$0	$0	$0
KATI SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GERTNER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD B MILLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT PIRANI	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DEMEL	DIRECTOR	1.00	Director	$0	$0	$0
SUMNER PINGREE	DIRECTOR	1.00	Director	$0	$0	$0
TERESA L CARTA	DIRECTOR	1.00	Director	$0	$0	$0
WES JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER ARMSTRONG	EXECUTIVE DIRECTOR	40.00	Officer	$145,144	$0	$145,144

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	No data	No data	No data	No data
2023	$421,517	$527,497	$224,762	$-105,980
2022	$919,454	$818,971	$569,072	$100,483
2021	$657,211	$729,473	$362,698	$-72,262
2020	$990,875	$675,350	$436,972	$315,525
2019	$422,270	$472,698	$123,618	$-50,428
2018	$590,834	$724,190	$414,144	$-133,356

BROOKLYN GREENWAY INITIATIVE