NEW YORK CITY BID ASSOCIATION 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

2010

Legal Domicile

Principal Officer

MATTHEW BAUER

Phone

2127412323

Tax Period

2024-01-01 to 2024-12-31

NEW YORK CITY BID ASSOCIATION INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $210K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $197K left a modest 6% surplus.

Mission

THE ASSOCIATION'S MEMBERSHIP IS COMPRISED OF THE DIRECTORS OF NYC'S BUSINESS IMPROVEMENT DISTRICTS (BIDS). ITS MISSION IS TO COMMUNICATE IMPORTANT INFORMATION, IDEAS, AND BEST PRACTICES AMONG ITS MEMBERS, TO COORDINATE INTERACTION BETWEEN BID DIRECTORS AND KEY CONTACTS, ELECTED OFFICIALS, AND CITY REPRESENTATIVES, AND TO ADVOCATE ON BEHALF OF ITS MEMBERS ON IMPORTANT ISSUES TO SUPPORT THE WORK OF AND FURTHER THE GOALS OF BIDS CITYWIDE.

Program Service Accomplishments

Program 1

THE ASSOCIATION'S MEMBERSHIP IS COMPRISED OF THE DIRECTORS OF NYC'S BUSINESS IMPROVEMENT DISTRICTS (BIDS). ITS MISSION IS TO COMMUNICATE IMPORTANT INFORMATION, IDEAS, AND BEST PRACTICES AMONG ITS...

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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 $0

Program Service Revenue $210,100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $210,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $196,578

TOTAL EXPENSES $196,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,100	$155,000	+0.4%
Expenses	$196,578	$143,119	+0.4%
Net Income	$13,522	$11,881	+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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN PISCOPINK	CO-CHAIR	2.00	Officer Director	$0	$0	$0
BOB BENFATTO	CO-CHAIR	2.00	Officer Director	$0	$0	$0
MATTHEW BAUER	TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY LEFRANCOIS	SECRETARY	2.00	Officer Director	$0	$0	$0
NINA FLORES	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
CORDELIA PERSEN	ASSISTANT SECRETARY	2.00	Officer Director	$0	$0	$0
ALYSSA TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDRIA SICA	BOARD MEMBER	1.00	Director	$0	$0	$0
ALFRED C CERULLO III	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA ASKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
CAMELIA TEPELUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL BIEDERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID ESTRADA	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA LAPPIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA ROTHROCK	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH MBONU	BOARD MEMBER	1.00	Director	$0	$0	$0
MONICA BLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
REGINA MYER	BOARD MEMBER	1.00	Director	$0	$0	$0
TREY JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM LAUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB BYRNES	BOARD MEMBER	1.00	Director	$0	$0	$0
YASMIN CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WILMA ALONSO	BOARD MEMBER	1.00	Director	$0	$0	$0
WELLINGTON CHEN	BOARD MEMBER	1.00	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	$210,100	$196,578	$48,252	$13,522