ACRC LESSOR INC (EIN 820658936) - 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

2017

Legal Domicile

Principal Officer

JOHN C RACANELLI

Phone

4105763800

Tax Period

2023-01-01 to 2023-12-31

ACRC LESSOR INC, founded in 2017, is a small nonprofit that reported $286K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 383% operating deficit.

Mission

THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF RENOVATING, LEASING AND SUBLEASING THE BUILDING LOCATED AT 901 EAST FAYETTE STREET TO NATIONAL AQUARIUM, INC., ALL FOR THE BENEFIT OF NAI AND FOR THE PURPOSE OF SUPPORTING NAI.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $285,917

TOTAL REVENUE $285,917

Expense Breakdown

Grants Paid $134,660

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,267,004

Other Expenses $1,245,690

TOTAL EXPENSES $1,380,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,917	$265,246	+0.1%
Expenses	$1,380,350	$1,358,746	+0.0%
Net Income	$-1,094,433	$-1,093,500	+0.0%

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

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

$1,009,443

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL BORDEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHURCHILL	DIRECTOR	1.00	Director	$0	$0	$0
MOHANNAD JISHI	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RACANELLI	PRESIDENT/CHIEF EXECUTIVE	2.00	Officer	$0	$113,251	$622,884
VIRGINIA Y NEWTON	SVP/CFO	0.00	Officer	$0	$31,155	$386,559

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	No data	No data	No data	No data
2023	$285,917	$1,380,350	$15,108,898	$-1,094,433
2022	$265,246	$1,358,746	$15,871,756	$-1,093,500
2021	$230,833	$1,323,741	$16,634,404	$-1,092,908
2020	$200,500	$1,312,009	$17,437,065	$-1,111,509
2019	$174,167	$1,262,927	$18,179,264	$-1,088,760
2018	$244,743	$1,084,190	$18,941,595	$-839,447

ACRC LESSOR INC