MINDS MATTER OF NYC INC (EIN 320191502) - 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

1991

Legal Domicile

Principal Officer

COSETTE GUTIERREZ

Phone

2126266534

Tax Period

2024-07-01 to 2025-06-30

MINDS MATTER OF NYC INC, founded in 1991, is a community nonprofit in the Youth Development sector that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

MINDS MATTER NYC CONNECTS DRIVEN AND DETERMINED STUDENTS FROM LOW-INCOME FAMILIES WITH THE PEOPLE, PREPARATION, AND POSSIBILITIES TO SUCCEED IN COLLEGE, CREATE THEIR FUTURE, AND CHANGE THE WORLD.

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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 $2,510,374

Program Service Revenue $0

Investment Income $88,707

Other Revenue $5

TOTAL REVENUE $2,599,086

Expense Breakdown

Grants Paid $419,375

Salaries & Benefits $1,335,408

Fundraising Expenses $285,096

Program Expenses $2,026,537

Other Expenses $928,069

TOTAL EXPENSES $2,682,852

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,599,086	$2,278,412	+0.1%
Expenses	$2,682,852	$2,274,014	+0.2%
Net Income	$-83,766	$4,398	-20.0%

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

463

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

$227,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH TANNER	CO-CHAIR	2.00	Officer Director	$0	$0	$0
MARK SHPIZNER	CO-CHAIR	2.00	Officer Director	$0	$0	$0
SANJEEV PARLIKAR	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANA LEE	TREASURER	2.00	Officer Director	$0	$0	$0
LEEANNE SU	SECRETARY (THROUGH 9/24)	2.00	Officer Director	$0	$0	$0
ADAM DAVIES	DIRECTOR	1.00	Director	$0	$0	$0
KELI HUANG	DIRECTOR	1.00	Director	$0	$0	$0
MARIBEL LEDEZMA-WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JAMAAL MCDELL	DIRECTOR	1.00	Director	$0	$0	$0
TONY MUNOZ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN PANG	DIRECTOR	1.00	Director	$0	$0	$0
CHAERI TORNAY	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HERRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
MANSI KOTHARI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE TEICHER	DIRECTOR	1.00	Director	$0	$0	$0
JON CHU	DIRECTOR (BEGAN 6/25)	1.00	Director	$0	$0	$0
JEFF BURMAN	DIRECTOR (BEGAN 6/25)	1.00	Director	$0	$0	$0
CRISTINA CIGNOLI	DIRECTOR (BEGAN 11/24)	1.00	Director	$0	$0	$0
PETE BECKER	DIRECTOR (BEGAN 1/25)	1.00	Director	$0	$0	$0
VERONICA AGUILAR-HORNIG	DIRECTOR (BEGAN 6/25)	1.00	Director	$0	$0	$0
MAGGIE BRUNN	DIRECTOR (THROUGH 11/24)	1.00	Director	$0	$0	$0
MINHAJ PATEL	DIRECTOR (THROUGH 9/24)	1.00	Director	$0	$0	$0
JONATHAN WILLIAMS	DIRECTOR (THROUGH 7/24)	1.00	Director	$0	$0	$0
ABDUL ZAMERLI	DIRECTOR (THROUGH 11/24)	1.00	Director	$0	$0	$0
COSETTE GUTIERREZ	EXECUTIVE DIRECTOR	40.00	Officer	$210,454	$16,970	$227,424
RACHEL GELLER	DIRECTOR OF VOLUNTEERS	40.00	Highest	$133,570	$14,036	$147,606
L'TOYA JONES	DIRECTOR OF PROGRAMS	40.00	Highest	$114,741	$14,880	$129,621

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	$2,599,086	$2,682,852	$2,963,571	$-83,766
2024	$2,278,412	$2,274,014	$2,913,164	$4,398
2023	$2,311,720	$2,043,675	$2,793,369	$268,045
2022	$2,232,682	$1,706,261	$2,473,282	$526,421
2021	$1,613,850	$1,146,067	$2,236,984	$467,783
2020	$1,402,126	$1,220,446	$1,391,333	$181,680
2019	$1,077,188	$1,240,522	$1,099,460	$-163,334
2018	$1,067,464	$1,141,174	$1,246,240	$-73,710

MINDS MATTER OF NYC INC