SPRINGFIELD AVENUE PARTNERSHIP (EIN 223449472) - 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

1996

Legal Domicile

Principal Officer

JIM NERING

Phone

9737636011

Tax Period

2024-01-01 to 2024-12-31

SPRINGFIELD AVENUE PARTNERSHIP, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $313K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO CREATE A STABLE, DIVERSE, FRIENDLY COMMERCIAL DISTRICT THAT PROVIDES FOR THE NEEDS OF THE LOCAL COMMUNITY, DRAWS STRENGTH FROM THE MUNICIPAL AMENITIES ON SPRINGFIELD AVENUE AND BRINGS NEW VISITORS INTO OUR DISTRICT

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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 $21,176

Program Service Revenue $291,429

Investment Income $82

Other Revenue $0

TOTAL REVENUE $312,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,418

Fundraising Expenses $0

Program Expenses $301,180

Other Expenses $228,245

TOTAL EXPENSES $342,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$312,687	$283,245	+0.1%
Expenses	$342,663	$282,818	+0.2%
Net Income	$-29,976	$427	-71.2%

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
JIM NERING	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEN STANEK	DIRECTOR	2.00	Director	$0	$0	$0
SHEILA TURNER-CARTLIDGE	TREASURER	2.00	Officer Director	$0	$0	$0
PAULINE LACEY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MAGGIE MCGOWAN	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT MANNO	DIRECTOR	2.00	Director	$0	$0	$0
GARY JONES	EXEC COMMITTEE	2.00	Director	$0	$0	$0
DANI GERACI	SECRETARY	2.00	Officer Director	$0	$0	$0
JONATHAN LUMLEY-SAPANSKI	DIRECTOR	2.00	Director	$0	$0	$0
KELLY LOMBARDI	DIRECTOR	2.00	Director	$0	$0	$0
IRENE LANGLOIS	DIRECTOR	2.00	Director	$0	$0	$0
KIM HAMMER	DIRECTOR	2.00	Director	$0	$0	$0
OBY OTTI	DIRECTOR	2.00	Director	$0	$0	$0
JAMAINE CRIPE	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR DE LUCA	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE WALLACE	EXECUTIVE DIRECTOR	35.00	Highest	$105,462	$0	$105,462

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	$312,687	$342,663	$131,067	$-29,976
2023	$283,245	$282,818	$127,050	$427
2022	$380,121	$318,946	$72,595	$61,175

SPRINGFIELD AVENUE PARTNERSHIP