New Markets Tax Credit Coalition (EIN 331028007) - 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

2004

Legal Domicile

Principal Officer

Phil Glynn

Phone

2023935225

Tax Period

2025-01-01 to 2025-12-31

New Markets Tax Credit Coalition, founded in 2004, is a community nonprofit in the Public & Societal Benefit sector that reported $1.5M in total revenue in fiscal year 2025. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 13% surplus.

Mission

National membership organization representing Community Development Entities and investors working with NMTC. Ensuring that NMTC can effectively be used to attract private capital

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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 (2025)

Revenue Breakdown

Contributions & Grants $592,250

Program Service Revenue $899,815

Investment Income $3,295

Other Revenue $0

TOTAL REVENUE $1,495,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,284,440

Other Expenses $1,296,566

TOTAL EXPENSES $1,296,566

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,495,360	$934,422	+0.6%
Expenses	$1,296,566	$1,010,158	+0.3%
Net Income	$198,794	$-75,736	-3.6%

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

N/A

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
Phil Glynn	President	1.00	Officer Director	$0	$0	$0
Julia Nelmark	Vice President	1.00	Officer Director	$0	$0	$0
Jennifer Novak	Treasurer	1.00	Officer Director	$0	$0	$0
En Jung Kim	Secretary	1.00	Officer Director	$0	$0	$0
James Bason	Director	1.00	Director	$0	$0	$0
Aisha Benson	Director	1.00	Director	$0	$0	$0
Kermit Billups	Director	1.00	Director	$0	$0	$0
Nelson Black III	Director	1.00	Director	$0	$0	$0
Jennifer Bransfield	Director	1.00	Director	$0	$0	$0
Sarah Brennan	Director	1.00	Director	$0	$0	$0
Douglas Bystry	Director	1.00	Director	$0	$0	$0
John Chamberlain	Director	1.00	Director	$0	$0	$0
Michael Cooper	Director	1.00	Director	$0	$0	$0
Heidi DeArment	Director	1.00	Director	$0	$0	$0
Scott Dewald	Director	1.00	Director	$0	$0	$0
Tom Dolan	Director	1.00	Director	$0	$0	$0
Jennifer Donohoe	Director	1.00	Director	$0	$0	$0
Charles Edelen	Director	1.00	Director	$0	$0	$0
Victor Elmore	Director	1.00	Director	$0	$0	$0
Beth Fore	Director	1.00	Director	$0	$0	$0
Peter Giles	Director	1.00	Director	$0	$0	$0
Jamise Goodman	Director	1.00	Director	$0	$0	$0
Seth Harrop	Director	1.00	Director	$0	$0	$0
Dan Heffernan	Director	1.00	Director	$0	$0	$0
James Howard Jr	Director	1.00	Director	$0	$0	$0
Yvette Ittu	Director	1.00	Director	$0	$0	$0
Robert Jenkins	Director	1.00	Director	$0	$0	$0
Matt Josephs	Director	1.00	Director	$0	$0	$0
Dan Kane	Director	1.00	Director	$0	$0	$0
Debbie Kleban	Director	1.00	Director	$0	$0	$0
Stephen Kramer	Director	1.00	Director	$0	$0	$0
Amy Laughlin	Director	1.00	Director	$0	$0	$0
Lenwood Long Sr	Director	1.00	Director	$0	$0	$0
Daniel Marsh	Director	1.00	Director	$0	$0	$0
Jose Martinez	Director	1.00	Director	$0	$0	$0
Stephen McRae	Director	1.00	Director	$0	$0	$0
Christopher Miller	Director	1.00	Director	$0	$0	$0
Sandra Moore	Director	1.00	Director	$0	$0	$0
Michael Novogradac	Director	1.00	Director	$0	$0	$0
John Nunnery	Director	1.00	Director	$0	$0	$0
Harpreet Peleg	Director	1.00	Director	$0	$0	$0
Michael Phillips	Director	1.00	Director	$0	$0	$0
Radhika Reddy	Director	1.00	Director	$0	$0	$0
Leah Rogan	Director	1.00	Director	$0	$0	$0
Susan Seagren	Director	1.00	Director	$0	$0	$0
Joseph Summers	Director	1.00	Director	$0	$0	$0
Moddie Turay	Director	1.00	Director	$0	$0	$0
Cam Turner	Director	1.00	Director	$0	$0	$0
Traci Vaine	Director	1.00	Director	$0	$0	$0
Marcia Ventura	Director	1.00	Director	$0	$0	$0
Jose Villalobos	Director	1.00	Director	$0	$0	$0
Sam Walls	Director	1.00	Director	$0	$0	$0
Lee Winslett	Director	1.00	Director	$0	$0	$0
Emma Wyatt	Director	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
2025	$1,495,360	$1,296,566	$712,207	$198,794
2024	No data	No data	No data	No data
2023	$980,340	$918,201	$496,570	$62,139
2022	$867,475	$918,332	$534,532	$-50,857
2021	$863,507	$890,287	$266,219	$-26,780
2020	$934,183	$883,057	$301,399	$51,126
2019	$927,939	$963,461	$230,973	$-35,522
2018	$966,568	$883,767	$294,195	$82,801

New Markets Tax Credit Coalition