HUDSON SQUARE DISTRICT MANAGEMENT ASSOCIATION INCORPORATED (EIN 264808219) - 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

2009

Legal Domicile

Principal Officer

SAMARA KARASYK

Phone

2124639160

Tax Period

2024-07-01 to 2025-06-30

HUDSON SQUARE DISTRICT MANAGEMENT ASSOCIATION INCORPORATED, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $760K, a strong 19% operating margin.

Mission

PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.

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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 $64,159

Program Service Revenue $3,902,423

Investment Income $134,217

Other Revenue $0

TOTAL REVENUE $4,100,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,118,106

Fundraising Expenses $0

Program Expenses $2,844,537

Other Expenses $2,222,629

TOTAL EXPENSES $3,340,735

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,100,799	$3,961,372	+0.0%
Expenses	$3,340,735	$3,279,094	+0.0%
Net Income	$760,064	$682,278	+0.1%

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

$273,318

Total Directors

Key Employees

$356,547

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY SUSSMAN	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE MARVIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JACKIE RENTON	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM STECKLER	DIRECTOR	1.00	Director	$0	$0	$0
ALDRIN BONILLA	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA GLUCK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW CHANG	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
BRETT GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
CASS SMITH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER LEE	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE COBURN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCATTERDAY	DIRECTOR	1.00	Director	$0	$0	$0
EVELIN COLLADO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MALTZ	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY PARIZI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GRAZIANO	DIRECTOR	1.00	Director	$0	$0	$0
NEHA DESAI	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE BARTH	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY LOUIE	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCGHEE	DIRECTOR	1.00	Director	$0	$0	$0
PHIL MOUQUINHO	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA SINGER	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TSOPANIDES	DIRECTOR	1.00	Director	$0	$0	$0
SUJOHN SARKAR	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE DE LA ROSA	DIRECTOR	1.00	Director	$0	$0	$0
SAMARA KARASYK	PRESIDENT	50.00	Officer	$259,707	$13,611	$273,318
SUSAN CHANGAR	SENIOR V.P. FOR MARKETING	50.00	Key Emp	$167,064	$20,140	$187,204
COREY KUNZ	SEN. V.P. FOR ADMIN & OPERATIONS	50.00	Key Emp	$159,123	$10,220	$169,343
JACOB T MCNALLY	V.P. & HEAD OF CAPITAL PROJECTS	50.00	Highest	$147,638	$15,820	$163,458

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	$4,100,799	$3,340,735	$11,631,000	$760,064
2024	No data	No data	No data	No data
2023	$3,249,836	$2,918,113	$9,626,926	$331,723
2022	$3,272,080	$5,163,457	$9,955,797	$-1,891,377
2021	$2,942,826	$4,500,158	$9,088,518	$-1,557,332
2020	$3,478,490	$5,232,577	$10,108,053	$-1,754,087
2019	$2,607,896	$2,653,650	$10,113,123	$-45,754
2018	$2,537,166	$3,747,221	$4,410,545	$-1,210,055

HUDSON SQUARE DISTRICT MANAGEMENT ASSOCIATION INCORPORATED