NOMA IMPROVEMENT ASSOCIATION (EIN 760832248) - 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

2006

Legal Domicile

Principal Officer

MAURA BROPHY

Phone

2022890111

Tax Period

2023-10-01 to 2024-09-30

NOMA IMPROVEMENT ASSOCIATION, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE NOMA BID ENHANCES THE ECONOMIC STRENGTH AND VITALITY OF THE NEIGHBORHOOD BY PROVIDING ADDITIONAL SAFETY AND MAINTENANCE AND PLACEMAKING SERVICES TO NOMA BID'S MEMBERS. IN ADDITION, NOMA BID HELPS BRING NEW BUSINESSES, RESIDENTS, AND VISITORS TO NOMA AND EDUCATES PUBLIC DECISION-MAKERS ABOUT NOMA NEIGHBORHOOD NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $437,746

Program Service Revenue $3,886,515

Investment Income $90,530

Other Revenue $5,559

TOTAL REVENUE $4,420,350

Expense Breakdown

Grants Paid $33,905

Salaries & Benefits $2,639,515

Fundraising Expenses $0

Other Expenses $2,054,458

TOTAL EXPENSES $4,727,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,420,350	$3,812,614	+0.2%
Expenses	$4,727,878	$3,998,639	+0.2%
Net Income	$-307,528	$-186,025	+0.7%

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

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

$711,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA LIMAURO	AT-LARGE	0.25	Director	$0	$0	$0
ANNE SHIMABUKURO	TREASURER	0.25	Officer Director	$0	$0	$0
BRIGG BUNKER	AT-LARGE (OUTGOING)	0.25	Director	$0	$0	$0
CHRISTOHER TURPIN	AT-LARGE	0.25	Director	$0	$0	$0
CHRISTOPHER LYNCH	AT-LARGE	0.25	Director	$0	$0	$0
DAVID TUCHMANN	AT-LARGE	0.50	Director	$0	$0	$0
ERIC SHIN	AT-LARGE	0.50	Director	$0	$0	$0
EVERETT LOTT	AT-LARGE	0.25	Director	$0	$0	$0
LUCRETIA KUMAH	AT-LARGE	0.25	Director	$0	$0	$0
MATTHEW AUGUST	AT-LARGE	0.25	Director	$0	$0	$0
MATTHEW ROBINSON	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
MICHAEL SKENA	CHAIRMAN	0.25	Officer Director	$0	$0	$0
ROBBIE SACLARIDES	AT-LARGE	0.25	Director	$0	$0	$0
THOMAS ARCHER	SECRETARY	0.50	Officer Director	$0	$0	$0
THOMAS CICOTELLO	AT-LARGE	0.25	Director	$0	$0	$0
TOYIN TOMORI	AT-LARGE (OUTGOING)	0.25	Director	$0	$0	$0
UWE BRANDES	AT-LARGE	0.25	Director	$0	$0	$0
DANIEL HOAGLAND	CHIEF OF STAFF	40.00	Officer	$138,216	$30,433	$168,649
GREG HAYGOOD	CHIEF FINANCIAL OFFICER (OUTGOING)	37.00	Officer	$188,709	$41,885	$230,594
MAURA BROPHY	PRESIDENT	39.00	Officer	$270,500	$41,342	$311,842
MICHAEL TOWLER	CHIEF FINANCIAL OFFICER (AS OF 5/24)	39.00	Officer	$0	$0	$0
RUBEN LECHUGA	SENIOR DIRECTOR	40.00	Officer	$0	$0	$0
BRIAN SMITH	DIRECTOR OF ECONOMIC DEVELOPMENT	40.00	Highest	$154,889	$35,446	$190,335
SHERRI CUNNINGHAM	DIRECTOR, MARKETING & COMMUNICATIONS	40.00	Highest	$127,791	$36,358	$164,149

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	$4,420,350	$4,727,878	$6,333,190	$-307,528
2023	$3,812,614	$3,998,639	$4,354,721	$-186,025
2022	$3,694,391	$3,976,357	$4,364,499	$-281,966
2021	$3,764,292	$3,740,007	$4,531,620	$24,285
2021	$3,764,292	$3,740,007	$4,531,620	$24,285
2020	$3,728,442	$3,215,769	$4,425,060	$512,673
2019	$3,586,089	$3,531,248	$2,847,201	$54,841
2018	$3,754,910	$3,622,646	$2,934,234	$132,264

NOMA IMPROVEMENT ASSOCIATION