New Providence Improvement District Inc (EIN 204819784) - 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

2006

Legal Domicile

Principal Officer

Donald Murphy

Phone

9086651400

Tax Period

2023-01-01 to 2023-12-31

New Providence Improvement District Inc, founded in 2006, is a micro nonprofit in the Community Improvement sector that reported $77K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $107K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO FORMULATE, PROMOTE AND IMPLEMENT THE ECONOMIC REVITALIZATION OF THE DOWNTOWN AREA OF NEW PROVIDENCE.

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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 $76,741

Program Service Revenue $0

Investment Income $234

Other Revenue $0

TOTAL REVENUE $76,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,238

Other Expenses $107,026

TOTAL EXPENSES $107,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,975	$83,699	-0.1%
Expenses	$107,026	$151,853	-0.3%
Net Income	$-30,051	$-68,154	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM MARVIN	PRESIDENT	5.00	Director	$0	$0	$0
DONALD MURPHY	TREASURER	5.00	Director	$0	$0	$0
MICHELLE BRUGGER	SECRETARY	5.00	Director	$0	$0	$0
KRISTY BRAUNSCHWEIGER	TRUSTEE	5.00	Director	$0	$0	$0
GENE CASTAGNA	TRUSTEE	5.00	Director	$0	$0	$0
DIMITRIOS VARDAS	TRUSTEE	5.00	Director	$0	$0	$0
HUMBERT POWELL	TRUSTEE	5.00	Director	$0	$0	$0
LISA BARFIELD	TRUSTEE	5.00	Director	$0	$0	$0
DIANE BILISCKA	TRUSTEE	5.00	Director	$0	$0	$0
BERNADETTE CUCCARO	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$76,975	$107,026	$89,593	$-30,051
2022	$83,699	$151,853	$119,644	$-68,154
2021	$204,817	$125,441	$187,798	$79,376

New Providence Improvement District Inc