90 HIGH ROCK STREET LLC

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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

STEPHEN PIZZIMENTI

Phone

6175968627

Tax Period

2018-07-01 to 2019-06-11

Mission

TO ACQUIRE, CONSTRUCT, FINANCE, LEASE, AND MANAGE PROPERTY IN SUPPORT OF KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOL SO AS TO QUALIFY AS A "QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS" UNDER SECTION 45D(D)(2) OF THE INTERNAL REVENUE CODE AND THE ASSOCIATED REGULATIONS, AND TO ENGAGE IN ALL OTHER ACTIVITIES INCIDENTAL OR RELATED THERETO.

Program Service Accomplishments

Program 1

Expenses: $293,002

ACQUISITION, CONSTRUCTION, FINANCING, LEASING, AND MANAGING PROPERTY IN SUPPORT OF KIPP ACADEMY LYNN PUBLIC CHARTER SCHOOL. IN MAY 2018, OWNERSHIP OF THE LLC'S CAPITAL ASSETS TRANSFERRED FROM THE LLC TO THE SCHOOL. IN OCTOBER 2018, THE LLC ASSIGNED THE RELATED DEBT TO THE SCHOOL. THE LLC SUBSEQUENTLY DISSOLVED DURING FISCAL YEAR 2019.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $293,002

Other Expenses $293,002

TOTAL EXPENSES $293,002

Year-over-Year Comparison

	2018	2017	Change
Revenue	N/A	$867,613	-1.0%
Expenses	$293,002	$1,543,394	-0.8%
Net Income	N/A	$-675,781	N/A

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

N/A

Independent Members

N/A

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
NONE	NONE	0.00	Officer	$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
2019	No data	$293,002	No data	No data
2018	$867,613	$1,543,394	$18,824	$-675,781