THE FORT LEE DISTRICT MANAGEMENT CORPORATION INC (EIN 465136572) - 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

Legal Domicile

Principal Officer

KENNETH BRUNO

Phone

2015856099

Tax Period

2024-01-01 to 2024-12-31

THE FORT LEE DISTRICT MANAGEMENT CORPORATION INC is a small nonprofit in the Community Improvement sector that reported $839K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $174K, a strong 21% operating margin.

Mission

THE BUSINESS DISTRICT ALLIANCE OF FORT LEE IS A NON-PROFIT ORGANIZATION, IN PARTNERSHIP WITH THE BOROUGH OF FORT LEE, TO REVITALIZE AND PROMOTE THE MAIN STREET SHOPPING CORRIDOR. OUR OBJECTIVE IS TO CREATE AN ENVIRONMENT WHERE PEOPLE WILL SHOP AND LIVE, FOR RETAILERS TO GROW AND THRIVE; BY CREATING A VITAL COMMUNITY EXPERIENCE FOR ALL, VISITORS AND RESIDENTS ALIKE.

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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 $819,553

Investment Income $19,025

Other Revenue $0

TOTAL REVENUE $838,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $477,434

Other Expenses $664,868

TOTAL EXPENSES $664,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$838,578	$740,273	+0.1%
Expenses	$664,868	$581,785	+0.1%
Net Income	$173,710	$158,488	+0.1%

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

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
KENNETH BRUNO	DIRECTOR	N/A	Director	$0	$0	$0
COUNCILMAN JOSEPH CERVIERI	DIRECTOR	N/A	Director	$0	$0	$0
NATALIE CHAPE	EXECUTIVE DI	N/A	Director	$0	$0	$0
ANTHONY CLORES	DIRECTOR	N/A	Director	$0	$0	$0
ANTHONY LO CONTE	DIRECTOR	N/A	Director	$0	$0	$0
DENNIS GLENNON	DIRECTOR	N/A	Director	$0	$0	$0
KIKY KIM	DIRECTOR	N/A	Director	$0	$0	$0
KATHY LEE	DIRECTOR	N/A	Director	$0	$0	$0
KEN SAGRASTANO	DIRECTOR	N/A	Director	$0	$0	$0
COUNCILMAN HARVEY SOHMER	DIRECTOR	N/A	Director	$0	$0	$0
MAYOR MARK SOKOLICH	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY YOOK	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL BEYER	TREASURER	N/A	Officer	$0	$0	$0
JAMES LIU	SECRETARY	N/A	Officer	$0	$0	$0
FRANK PATTI	VICE PRESIDE	N/A	Officer	$0	$0	$0
ROMINA STARACE	PRESIDENT	N/A	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
2024	$838,578	$664,868	$633,076	$173,710
2024	$838,578	$664,868	$633,076	$173,710
2023	$740,273	$581,785	$459,366	$158,488
2022	$738,802	$1,037,924	$300,878	$-299,122
2021	$686,189	$621,683	$600,000	$64,506
2020	$781,244	$468,540	$535,494	$312,704
2019	$560,110	$609,475	$223,085	$-49,365
2018	$503,944	$479,747	$272,450	$24,197

THE FORT LEE DISTRICT MANAGEMENT CORPORATION INC