SPRINGFIELD AVENUE CENTER SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORP (EIN 223605782) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

DR THOMAS PANITCH

Phone

9739799134

Tax Period

2023-07-01 to 2024-06-30

SPRINGFIELD AVENUE CENTER SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORP, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $444K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $176K, a strong 40% operating margin.

Mission

TO PROVIDE A CLEAN AND SAFE ENVIRONMENT FOR COMMERCE AND TO REVITALIZE THE DISRTICT, THE ORGANIZATION HAS INSTITUTED PROGRAMS TO RENOVATE THE COMMON AREAS AND COMMERCIAL STREETS AND SIDEWALKS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $440,581

Program Service Revenue $3,590

Investment Income $0

Other Revenue $0

TOTAL REVENUE $444,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $268,042

TOTAL EXPENSES $268,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$444,171	$293,881	+0.5%
Expenses	$268,042	$276,338	0.0%
Net Income	$176,129	$17,543	+9.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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
RALPH VENTRE	PRESIDENT	1.00	Director	$0	$0	$0
LUDIN PIERRE	IRVINGTON CHAMBER OF COMMERCE-DIRECTOR	1.00	Director	$0	$0	$0
DAVID BIAGINI	CORPORATE SECRETARY	10.00	Director	$0	$0	$0
ATURO COUSAR	TREASURER	2.00	Director	$0	$0	$0
ORENTHIA RICKETTS AVON STORE	DIRECTOR	1.00	Director	$0	$0	$0
KYANA WOOLRIDGE	TOWNSHIP OF IRVINGTON COUNCIL PRES - DIRECTOR	1.00	Director	$0	$0	$0
Hon JAMILLAH BEASLEY TOWNSHIP COUNC	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BOYKINS	RESIDENT	1.00	Director	$0	$0	$0
VERA CARPENTER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS PANITCH DDS MAGD	DIRECTOR	1.00	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	$444,171	$268,042	$593,302	$176,129
2023	$293,881	$276,338	$417,172	$17,543
2022	$295,777	$238,974	$395,292	$56,803
2021	$295,880	$232,396	$339,912	$63,484
2020	$297,279	$231,278	$272,032	$66,001
2019	$297,235	$224,232	$504,565	$73,003
2018	$295,313	$232,414	$431,266	$62,899

SPRINGFIELD AVENUE CENTER SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORP