Handle District Corporation (EIN 453561025) - 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

2011

Phone

9167655052

Tax Period

2025-01-01 to 2025-12-31

Handle District Corporation, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $350K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 20% operating margin.

Mission

The purpose of this corporation shall be to promote the common interest of Handle District businesses by improving business conditions through the development and operation of a business improvement district and other programs and initiatives.

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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 $350,480

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $350,480

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $75,444

Fundraising Expenses $0

Other Expenses $190,080

TOTAL EXPENSES $280,524

Year-over-Year Comparison

	2025	2024	Change
Revenue	$350,480	$272,857	+0.3%
Expenses	$280,524	$262,503	+0.1%
Net Income	$69,956	$10,354	+5.8%

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

$75,444

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Seann Rooney	Executive Dir.	25.00	Director	$75,444	$0	$75,444
Dave Virga	Director	1.00	Director	$0	$0	$0
Patrick Mulvaney	Director	1.00	Director	$0	$0	$0
Doron Levitan	Director	0.00	Director	$0	$0	$0
Jimmy Johnson	President	0.00	Officer	$0	$0	$0
Sotiris K Kolokotronis	Treasurer	1.00	Officer	$0	$0	$0
Aziz Bellarbi Salah	Secretary	1.00	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
2025	$350,480	$280,524	$427,831	$69,956
2024	No data	No data	No data	No data
2023	$270,499	$215,791	$347,521	$54,708
2022	$331,141	$156,450	$292,813	$174,691
2021	$250,564	$284,281	$118,122	$-33,717
2019	$246,536	$199,441	$249,530	$47,095
2018	$252,217	$198,336	$202,435	$53,881

Handle District Corporation