PROJECT NEW YORKER CORPORATION

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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

2018

Legal Domicile

Principal Officer

Afsana Monir

Phone

3478535265

Tax Period

2024-01-01 to 2024-12-31

PROJECT NEW YORKER CORPORATION, founded in 2018, is a small nonprofit in the Education sector that reported $705K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $357K, a strong 51% operating margin.

Mission

To improve the livelihood of under-resourced immigrants women and youth by providing social and economic empowerment services required to achieve self-sufficiency.

Program Service Accomplishments

Program 1

Expenses: $323,290 Revenue: $704,503

The organization expanded it's literacy program and social services in the community with stronger outreach, resulting in expanded membership in 2024.

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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 $704,427

Program Service Revenue $0

Investment Income $76

Other Revenue $0

TOTAL REVENUE $704,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,998

Fundraising Expenses $0

Program Expenses $323,290

Other Expenses $93,053

TOTAL EXPENSES $347,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$704,503	$447,510	+0.6%
Expenses	$347,584	$308,416	+0.1%
Net Income	$356,919	$139,094	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fazle Rabbani	Board Member	0	Director	$0	$0	$0
Monir Ahmed	Board Member	0	Director	$0	$0	$0
Samiha Huda	Board Member	0	Director	$0	$0	$0
Afsana Monir	CEO	35	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	$704,503	$347,584	$813,997	$356,919
2023	$447,510	$308,416	$457,078	$139,094
2022	$415,622	$228,356	$317,984	$187,266
2022	$415,622	$228,356	$317,984	$187,266