NORTHEAST NEIGHBORHOOD ASSOCIATION… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

Karen Thomas

Phone

5404215135

Tax Period

2024-01-01 to 2024-12-31

NORTHEAST NEIGHBORHOOD ASSOCIATION INC, founded in 2011, is a micro nonprofit in the Youth Development sector that reported $30K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $36K exceeded revenue, resulting in a 20% operating deficit.

Mission

Create a museum for local African-American history; promote truth-telling, racial healing and transformation.

Program Service Accomplishments

Program 1

Expenses: $23,418 Revenue: $23,470

We operate a community center where local residents, nonprofit organizations and local government agencies can hold meetings. We are renovating the historic Dallard-Newman house to create a museum of Agrican-American history. We have applied for and been approved for a grant from the Congressionally Designated Spending Dollars in the FY2024 Government Funding Bill to complete the structual improvements and funding the furnishings of the museum. We hope to receive the grant in 2025.

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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 $23,470

Program Service Revenue $0

Investment Income $33

Other Revenue $6,678

TOTAL REVENUE $30,181

Expense Breakdown

Grants Paid $300

Salaries & Benefits $6,459

Fundraising Expenses $0

Program Expenses $23,418

Other Expenses $29,352

TOTAL EXPENSES $36,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,181	$239,254	-0.9%
Expenses	$36,111	$23,324	+0.5%
Net Income	$-5,930	$215,930	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN THOMAS	President	0.00	Officer Director	$0	$0	$0
ELDON KURTZ	Director	0.00	Director	$0	$0	$0
SARAH SAMPSON	Director	0.00	Director	$0	$0	$0
WILLIAM J TROYER	Treasurer Director	0.00	Officer Director	$0	$0	$0
SUSAN ZURBRIGG	Director	0.00	Director	$0	$0	$0
MARIA WHITLEY	Secretary Director	0.00	Officer Director	$0	$0	$0
ELIZABETH NATHANSON	Director	0.00	Director	$0	$0	$0
MEG SMELTZER-MILLER	Director	0.00	Director	$0	$0	$0
ALEX LEE	Director	1.00	Director	$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	$30,181	$36,111	$831,488	$-5,930
2023	$239,254	$23,324	$836,084	$215,930
2022	$78,941	$33,913	$620,279	$45,028
2021	$39,421	$21,785	$575,499	$17,636
2020	$106,854	$21,882	$558,318	$84,972

NORTHEAST NEIGHBORHOOD ASSOCIATION INC