Midtown Elizabeth District Management Corporation Inc (EIN 222832717) - 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

1986

Legal Domicile

Principal Officer

Sophy Ramirez

Phone

9083559600

Tax Period

2024-01-01 to 2024-12-31

Midtown Elizabeth District Management Corporation Inc, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Perform supplemental municipal services while implementing, sponsoring, and coordinating marketing and promotional events for the Midtown District in the City of Elizabeth.

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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 $245,192

Program Service Revenue $0

Investment Income $8,550

Other Revenue $0

TOTAL REVENUE $253,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,807

Fundraising Expenses $0

Program Expenses $200,225

Other Expenses $157,099

TOTAL EXPENSES $249,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,742	$226,144	+0.1%
Expenses	$249,906	$129,673	+0.9%
Net Income	$3,836	$96,471	-1.0%

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

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

$84,904

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edwin Gomez	Trustee	2.00	Director	$0	$0	$0
Angel Magill	Trustee	2.00	Director	$0	$0	$0
John Gallina	Trustee	2.00	Director	$0	$0	$0
Antonio Azevedo	Trustee	3.00	Director	$0	$0	$0
Sal Garcia	Treasurer	2.00	Director	$0	$0	$0
Eduardo Rodriquez	Trustee	2.00	Director	$0	$0	$0
Frank Mazza	Trustee	2.00	Director	$0	$0	$0
Alexandra Bongiovi	Trustee	2.00	Director	$0	$0	$0
Catherine Raga	Trustee	2.00	Director	$0	$0	$0
Sophy Ramirez	Executive Director	40.00	Key Emp Highest	$84,904	$0	$84,904

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	$253,742	$249,906	$235,687	$3,836
2023	$226,144	$129,673	$222,409	$96,471
2022	$231,100	$254,870	$56,919	$-23,770
2021	$269,521	$205,166	$104,884	$64,355
2020	$227,825	$216,683	$24,089	$11,142

Midtown Elizabeth District Management Corporation Inc