THE CENTRAL AVENUE SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORP (EIN 223253407) - 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

1992

Legal Domicile

Principal Officer

SERGIO FERREIRA

Phone

2016561366

Tax Period

2024-07-01 to 2025-06-30

THE CENTRAL AVENUE SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORP, founded in 1992, is a small nonprofit that reported $275K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 16% operating margin.

Mission

PROMOTE ECONOMY AROUND CENTRAL AVENUE IN JERSEY CITY, NJ

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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 $270,421

Program Service Revenue $0

Investment Income $3,908

Other Revenue $320

TOTAL REVENUE $274,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,484

Fundraising Expenses $0

Program Expenses $179,289

Other Expenses $175,842

TOTAL EXPENSES $230,326

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,649	$137,509	+1.0%
Expenses	$230,326	$164,963	+0.4%
Net Income	$44,323	$-27,454	-2.6%

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

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
GRACE CUTRI	TRUSTEE	5.00	Director	$0	$0	$0
EDDY GALLO	TRUSTEE	5.00	Director	$0	$0	$0
SHYRONE RICHARDSON	TRUSTEE	5.00	Director	$0	$0	$0
SANFORD FISHMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOE NACHBAUR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GILBERT MENDEZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GARY SOLOMON	SECRETARY	5.00	Officer Director	$0	$0	$0
SERGIO FERREIRA	TREASURER	5.00	Officer 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
2025	$274,649	$230,326	$141,782	$44,323
2022	$129,449	$144,734	$167,053	$-15,285
2021	$123,063	$134,238	$182,716	$-11,175
2020	$126,056	$124,378	$193,986	$1,678
2019	$127,428	$122,902	$191,281	$4,526

THE CENTRAL AVENUE SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORP