NORWICH BUILDING TOMORROW FOUNDATION INC (EIN 274317873) - 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

2010

Legal Domicile

Principal Officer

MARTIN DIETRICH

Phone

6073376399

Tax Period

2024-01-01 to 2024-12-31

NORWICH BUILDING TOMORROW FOUNDATION INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $719K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $209K, a strong 29% operating margin.

Mission

THE CORPORATION'S PURPOSE SHALL BE TO FURTHER THE ECONOMIC DEVELOPMENT OF THE NORWICH, NY COMMUNITY AND ENVIRONS, AND IT SHALL HAVE AUTHORITY TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF ECONOMIC CONCERNS IN THE AREAS COVERED BY THEIR OPERATIONS.

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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 $667,450

Program Service Revenue $0

Investment Income $51,012

Other Revenue $197

TOTAL REVENUE $718,659

Expense Breakdown

Grants Paid $485,523

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $485,523

Other Expenses $24,384

TOTAL EXPENSES $509,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,659	$1,235,648	-0.4%
Expenses	$509,907	$341,033	+0.5%
Net Income	$208,752	$894,615	-0.8%

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
MARTIN DIETRICH	CHAIR	N/A	Officer	$0	$0	$0
JOE STAGLIANO	VICE CHAIR	N/A	Officer	$0	$0	$0
LOU CALLEA	SECRETARY	N/A	Officer	$0	$0	$0
ERIC LARSEN	TREASURER	N/A	Officer	$0	$0	$0
RICHARD MIRABITO	BOARD MEMBER	N/A	Director	$0	$0	$0
TOM SUTTON	SECRETARY	N/A	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	$718,659	$509,907	$2,123,322	$208,752
2023	$1,235,648	$341,033	$1,854,220	$894,615
2022	$630,498	$533,035	$890,643	$97,463
2021	$35,291	$70,505	$889,933	$-35,214
2020	$9,702	$15,125	$878,073	$-5,423
2019	$38,233	$13,125	$834,796	$25,108
2018	$76,027	$5,625	$746,803	$70,402

NORWICH BUILDING TOMORROW FOUNDATION INC