IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION (EIN 223768103) - 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

2000

Legal Domicile

Principal Officer

SETH GROSSMAN

Phone

9734919191

Tax Period

2023-01-01 to 2023-12-31

IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

SPECIAL IMPROVEMENT DISTRICT (SID) CORP

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,032,227

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,032,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,423

Fundraising Expenses $0

Program Expenses $893,220

Other Expenses $1,033,578

TOTAL EXPENSES $1,095,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,032,227	$1,059,177	0.0%
Expenses	$1,095,001	$1,078,119	+0.0%
Net Income	$-62,774	$-18,942	+2.3%

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

$50,760

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN T YGLESIAS	PRESIDENT EMERITUS	2.00		$0	$0	$0
JONATHAN SEABRA	1ST V PRESIDENT	2.00		$0	$0	$0
MANUEL LOPES	PRESIDENT	2.50		$0	$0	$0
SETH A GROSSMAN	CORPORATE FINANCE OFFICER	40.00	Key Emp	$0	$0	$0
OSCAR SANCHEZ	SECRETARY	2.00		$0	$0	$0
FILIPE PEREIRA	TRUSTEE	2.00		$0	$0	$0
HELEN VINHAS	2ND V PRESIDENT/TRUSTEE	2.00		$0	$0	$0
RAS J BARAKA	TRUSTEE	2.00		$0	$0	$0
LEYSLY V ROLDAN-CARVALHO	ADMINISTRATIVE ASSISTANT	40.00	Key Emp	$50,760	$0	$50,760
ANTONIO MARTINEZ	TRUSTEE	2.00		$0	$0	$0
VINCNET DAVIS	TRUSTEE	2.00		$0	$0	$0
NICOLE FIELDS	TRUSTEE	2.00		$0	$0	$0
MICHAEL SILVA	TRUSTEE	2.00		$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	No data	No data	No data	No data
2023	$1,032,227	$1,095,001	$399,668	$-62,774
2022	$1,059,177	$1,078,119	$462,442	$-18,942
2021	$927,906	$976,660	$459,104	$-48,754
2021	$927,906	$955,940	$481,384	$-28,034
2020	$1,342,043	$998,716	$509,418	$343,327
2020	$1,342,043	$1,000,276	$507,858	$341,767
2019	$906,449	$976,883	$166,091	$-70,434
2018	$1,405,818	$1,149,961	$275,562	$255,857

IRONBOUND BUSINESS IMPROVEMENT DISTRICT MANAGEMENT CORPORATION