Neighborhood Investment Corporation (EIN 421522241) - 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

2001

Legal Domicile

Principal Officer

David A Mowitz

Phone

5152880715

Tax Period

2024-01-01 to 2024-12-31

Neighborhood Investment Corporation, founded in 2001, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 66% operating deficit.

Mission

Operate the Mickle Resource Center Mickle Center a facility that provides office space and meeting rooms for nonprofit entities and entrepreneurial and small businesses and affordable apartment buildings that address housing needs of Des Moines innercity neighborhoods

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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 $2,154,450

Investment Income $992

Other Revenue $0

TOTAL REVENUE $2,155,442

Expense Breakdown

Grants Paid $250

Salaries & Benefits $67,556

Fundraising Expenses $0

Program Expenses $3,579,057

Other Expenses $3,511,252

TOTAL EXPENSES $3,579,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,155,442	$1,384,064	+0.6%
Expenses	$3,579,058	$2,151,059	+0.7%
Net Income	$-1,423,616	$-766,995	+0.9%

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

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
DAVID MOWITZ	President	5.00	Officer Director	$0	$0	$0
KELLI LYDON	VP and Secretary	3.00	Officer Director	$0	$0	$0
ABBIE GILROY	Treasurer	1.00	Officer Director	$0	$0	$0
CARL VOSS	Director	0.00	Director	$0	$0	$0
MARY NEIDERBACH	Director	0.00	Director	$0	$0	$0
LUCAS KANE	Director	0.00	Director	$0	$0	$0
YORK TAENZER	Director	0.00	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	$2,155,442	$3,579,058	$14,668,228	$-1,423,616
2023	$298,614	$750,609	$2,257,111	$-451,995
2022	$245,956	$767,342	$2,730,184	$-521,386
2021	$205,698	$382,206	$3,346,063	$-176,508
2020	$229,759	$318,385	$3,465,186	$-88,626
2019	$378,405	$181,065	$3,572,539	$197,340
2018	$181,224	$187,961	$1,930,104	$-6,737

Neighborhood Investment Corporation