Elizabeth Avenue Partnership Inc (EIN 223698211) - 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

1999

Legal Domicile

Phone

9089650660

Tax Period

2024-07-01 to 2025-06-30

Elizabeth Avenue Partnership Inc, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $283K in total revenue in fiscal year 2024. Expenses of $325K exceeded revenue, resulting in a 15% operating deficit.

Mission

Revitalize and enhance all aspects of the Elizabeth Avenue shopping 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 $269,271

Program Service Revenue $0

Investment Income $8,650

Other Revenue $4,968

TOTAL REVENUE $282,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $121,534

Fundraising Expenses $0

Program Expenses $294,033

Other Expenses $203,204

TOTAL EXPENSES $324,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,889	$287,593	0.0%
Expenses	$324,738	$283,274	+0.1%
Net Income	$-41,849	$4,319	-10.7%

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

$93,961

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dana Lemonova	Chairwoman	3.00	Officer Director	$0	$0	$0
Angel Rodriguez	Treasurer	3.00	Officer Director	$0	$0	$0
Emerson Amador	Vice Chairman	3.00	Officer Director	$0	$0	$0
Jonathan Phillips	Secretary	3.00	Officer Director	$0	$0	$0
Daniel Devanney	Board Member	2.00	Director	$0	$0	$0
Tony Goncalves	Board Member	2.00	Director	$0	$0	$0
Manuel Grova Esq	Board Member	2.00	Director	$0	$0	$0
Marco Salermo	Board Member	2.00	Director	$0	$0	$0
David H Strochak	Executive Director	35.00	Officer	$93,961	$0	$93,961

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	$282,889	$324,738	$319,738	$-41,849
2024	$287,593	$283,274	$367,610	$4,319
2023	$281,262	$304,874	$342,158	$-23,612
2022	$278,943	$282,813	$387,604	$-3,870
2021	$276,333	$255,995	$370,540	$20,338
2020	$261,709	$263,638	$354,410	$-1,929
2019	$276,124	$261,102	$352,831	$15,022

Elizabeth Avenue Partnership Inc