NEWBO CITY MARKET (EIN 270600567) - 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

WARREN BYNOE

Phone

3192004050

Tax Period

2024-01-01 to 2024-12-31

NEWBO CITY MARKET, founded in 2009, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 132% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 54% operating margin.

Mission

FOSTER ECONOMIC DEVELOPMENT BY UPLIFTING ENTREPRENEUERS AND ARTISTS THROUGH AN EQUITABLE BUSINESS INCUBATOR, ACCESSIBLE PUBLIC PROGRAMMING, AND A COMMUNITY GATHERING SPACE.

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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 $1,867,453

Program Service Revenue $513,592

Investment Income $28,734

Other Revenue $86,863

TOTAL REVENUE $2,496,642

Expense Breakdown

Grants Paid $36,163

Salaries & Benefits $576,397

Fundraising Expenses $77,381

Program Expenses $676,357

Other Expenses $536,892

TOTAL EXPENSES $1,149,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,496,642	$1,076,799	+1.3%
Expenses	$1,149,452	$1,074,263	+0.1%
Net Income	$1,347,190	$2,536	+530.2%

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

$108,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SYTSMA JASON	CHAIR	2.00	Officer Director	$0	$0	$0
SWENSON SCOTT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
O'HARA KELLY	TREASURER	2.00	Officer Director	$0	$0	$0
KARL JOANA	SECRETARY	2.00	Officer Director	$0	$0	$0
YANEZ GLADYS	PAST CHAIR	2.00	Officer Director	$0	$0	$0
ARMITAGE ANNE	DIRECTOR	1.00	Director	$0	$0	$0
BANTA TOM	DIRECTOR	1.00	Director	$0	$0	$0
BYNOE WARREN	DIRECTOR	1.00	Director	$0	$0	$0
DURIN PETER	DIRECTOR	1.00	Director	$0	$0	$0
HANNA KIM	DIRECTOR	1.00	Director	$0	$0	$0
JONES DIANA	DIRECTOR	1.00	Director	$0	$0	$0
KOTECHA PANKIT	DIRECTOR	1.00	Director	$0	$0	$0
LALA ROB	DIRECTOR	1.00	Director	$0	$0	$0
LARSON TIM	DIRECTOR	1.00	Director	$0	$0	$0
MEAD APRIL	DIRECTOR	1.00	Director	$0	$0	$0
MEYER MARK	DIRECTOR	1.00	Director	$0	$0	$0
PARISI JULIE	EXECUTIVE DIRECTOR	40.00	Officer	$99,407	$9,089	$108,496

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	$2,496,642	$1,149,452	$4,113,585	$1,347,190
2023	$1,076,799	$1,074,263	$2,835,853	$2,536
2022	$1,383,456	$1,160,132	$2,862,007	$223,324
2021	$819,874	$888,287	$2,228,131	$-68,413
2020	$592,544	$899,766	$2,364,635	$-307,222
2019	$828,443	$1,172,726	$2,536,889	$-344,283
2018	$715,635	$1,147,164	$2,961,247	$-431,529

NEWBO CITY MARKET