Atlantic Avenue District Management Association Inc (EIN 454949226) - 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

2012

Legal Domicile

Principal Officer

Kelly Carroll

Phone

9292835988

Tax Period

2024-07-01 to 2025-06-30

Atlantic Avenue District Management Association Inc, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $545K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $644K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO PROMOTE THE ECONOMIC GROWTH AND WELL BEING OF THE BUSINESSES IN THE BUSINESS IMPROVEMENT DISTRICT THROUGH IMPROVING NEIGHBORHOOD CONDITIONS AND THE BUSINESS ENVIRONMENT.

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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 $543,522

Program Service Revenue $0

Investment Income $1,528

Other Revenue $0

TOTAL REVENUE $545,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,539

Fundraising Expenses $0

Program Expenses $545,399

Other Expenses $443,270

TOTAL EXPENSES $643,809

Year-over-Year Comparison

	2024	2023	Change
Revenue	$545,050	$503,378	+0.1%
Expenses	$643,809	$578,869	+0.1%
Net Income	$-98,759	$-75,491	+0.3%

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

$105,464

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Carroll	Executive Dir.	30.00	Director	$105,464	$0	$105,464
Megan Rickerson	Vice Chair	1.00	Officer	$0	$0	$0
Marcia Patmos	Chair	1.00	Officer	$0	$0	$0
Jason Manoharan	Treasurer	1.00	Officer	$0	$0	$0
Sandy Balboza	2nd Vice Chair	1.00	Officer	$0	$0	$0
Jordan Barowitz	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	$545,050	$643,809	$471,854	$-98,759
2024	$503,378	$578,869	$522,385	$-75,491
2023	$510,260	$445,228	$541,111	$65,032
2022	$410,053	$425,993	$276,891	$-15,940
2021	$399,710	$371,646	$306,426	$28,064
2020	$400,215	$468,066	$261,387	$-67,851
2019	$449,584	$410,984	$394,591	$38,600
2018	$383,253	$331,763	$370,595	$51,490

Atlantic Avenue District Management Association Inc