39 NORTH DOWNTOWN (EIN 472397251) - 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

2014

Legal Domicile

Principal Officer

KIM CIESYNSKI

Phone

7756262212

Tax Period

2024-01-01 to 2024-12-31

39 NORTH DOWNTOWN, founded in 2014, is a micro nonprofit in the Community Improvement sector that reported $19K in total revenue in fiscal year 2024. Revenue surged 1411% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 45% operating margin.

Mission

TO CONNECT BUSINESSES THROUGH COMMON GROUND, THEREBY STRENGHTENING THE FOUNDATION FOR FUTURE ECONOMIC GROWTH THAT WILL RESULT IN A VIBRANT COMMUNITY FOR YEARS TO COME.

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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 $0

Investment Income $0

Other Revenue $19,104

TOTAL REVENUE $19,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,664

Other Expenses $10,522

TOTAL EXPENSES $10,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,104	$1,264	+14.1%
Expenses	$10,522	$4,850	+1.2%
Net Income	$8,582	$-3,586	-3.4%

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
KIM CIESYNSKI	PRES. AND SE	5.00	Officer	$0	$0	$0
ANGELA HANDLER	TREAS AND DI	5.00	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
2024	$19,104	$10,522	$44,686	$8,582
2023	$1,264	$4,850	$36,104	$-3,586
2022	$8,992	$7,675	$39,690	$1,317
2021	$-2,328	$3,395	$38,373	$-5,723
2020	$8,312	$3,876	$44,096	$4,436
2019	$10,092	$11,022	$39,660	$-930
2018	$11,626	$12,924	$40,590	$-1,298

39 NORTH DOWNTOWN