FDNY343RIDE 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

2011

Legal Domicile

Principal Officer

MICHAEL ALEXANDER

Phone

2452832465

Tax Period

2024-01-01 to 2024-12-31

FDNY343RIDE INC, founded in 2011, is a micro nonprofit in the Public & Societal Benefit sector that reported $90K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO RAISE MONEY FOR THE FAMILIES OF FIREFIGHTERS WHO LOST THEIR LIVES IN THE SEPTEMBER 11TH ATTACKS ON THE WORLD TRADE CENTER IN NEW YORK CITY.

Program Service Accomplishments

Program 1

Expenses: $112,062

ORGANIZED MOTORCYCLE RIDES TO RAISE MONEY FOR THE FAMILIES OF THE FIREFIGHTERS WHO LOST THEIR LIVES IN THE SEPTEMBER 11TH ATTACKS ON THE WORLD TRADE CENTER IN NEW YORK.

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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 $63,486

Program Service Revenue $0

Investment Income $0

Other Revenue $26,028

TOTAL REVENUE $89,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,062

Other Expenses $113,027

TOTAL EXPENSES $113,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,514	$140,273	-0.4%
Expenses	$113,027	$100,842	+0.1%
Net Income	$-23,513	$39,431	-1.6%

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

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
MICHAEL ALEXANDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL REESE	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
GREGORY GATTO	TREASURER	1.00	Officer Director	$0	$0	$0
BENJAMIN CAPO	SECRETARY	1.00	Officer 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	$89,514	$113,027	$47,908	$-23,513
2023	$140,273	$100,842	$71,421	$39,431
2022	$29,135	$157,951	$31,990	$-128,816
2021	$317,176	$183,017	$161,910	$134,159
2020	$39,434	$57,609	$26,647	$-18,175
2019	$223,800	$274,158	$46,651	$-50,358
2018	$204,577	$178,817	$95,180	$25,760