BLOOMFIELD CENTER ALLIANCE INC

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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

1998

Legal Domicile

Principal Officer

MICHAEL KAHN

Phone

9734298050

Tax Period

2024-01-01 to 2024-12-31

BLOOMFIELD CENTER ALLIANCE INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $414K in total revenue in fiscal year 2024.

Mission

TO PROMOTE THE REDEVELOPMENT OF THE BLOOMFIELD TOWN CENTER

Program Service Accomplishments

Program 1

Expenses: $100,206 Revenue: $0

DISTRICT MARKETING, PROMOTIONAL EVENTS AND ECONOMIC DEVELOPMENT

Program 2

Expenses: $30,153 Revenue: $0

DISTRICT PHYSICAL AMD CAPITAL IMPROVEMENTS

Program 3

Expenses: $118,031 Revenue: $0

DISTRICT OPERATIONS INCLUDING DOWNTOWN CLEAN TEAM ACTIVITIES

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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 $37,094

Program Service Revenue $377,008

Investment Income $28

Other Revenue $0

TOTAL REVENUE $414,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,255

Fundraising Expenses $0

Program Expenses $248,390

Other Expenses $155,957

TOTAL EXPENSES $409,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$414,130	$390,961	+0.1%
Expenses	$409,212	$414,118	0.0%
Net Income	$4,918	$-23,157	-1.2%

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

$99,864

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLLYN J LETTMAN	EXEC. DIRECTOR	40.00	Officer	$99,864	$0	$99,864
ED MICHALSKI	PRESIDENT	5.00	Officer Director	$0	$0	$0
GREG BABULA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ALFONSO CRINCOLI	TREASURER	5.00	Officer Director	$0	$0	$0
STELLA KELLY	SECRETARY	5.00	Officer Director	$0	$0	$0
SARA CRUZ	TRUSTEE	2.00	Director	$0	$0	$0
MELVINA BOGGS	TRUSTEE	2.00	Director	$0	$0	$0
MARY MURDOCH	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MARUCCI	TRUSTEE	2.00	Director	$0	$0	$0
DIANE SMITH	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL KAHN	TRUSTEE	2.00	Director	$0	$0	$0
SHEILA WOOTEN	TRUSTEE	2.00	Director	$0	$0	$0
NEIL LEVINE	TRUSTEE	2.00	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	$414,130	$409,212	$149,586	$4,918
2023	$390,961	$414,118	$156,196	$-23,157
2022	$429,396	$438,035	$193,506	$-8,639
2021	$382,406	$366,044	$215,013	$16,362
2020	$486,263	$456,981	$210,623	$29,282
2019	$433,353	$406,042	$280,635	$27,311
2018	$397,151	$405,021	$267,592	$-7,870