THE NH DISTRICT 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

2017

Legal Domicile

Principal Officer

MARTIN J BARRINGTON

Phone

8042212006

Tax Period

2020-07-01 to 2021-06-30

Mission

REVITALIZATION AND ECONOMIC REDEVELOPMENT OF APPROXIMATELY 10 CITY BLOCKS IN DOWNTOWN RICHMOND, CONSISTING OF APPROXIMATELY 21 ACRES OF PUBLICLY-OWNED PROPERTY.

Program Service Accomplishments

Program 1

IN COOPERATION WITH THE CITY, OVERSEE A PROPOSED PUBLIC/PRIVATE INITIATIVE FOR (I) REPLACING THE CURRENT RICHMOND COLISEUM, A LARGE, PUBLICLY-OWNED ARENA LOCATED IN THE CITY THAT SERVES AS A VENUE...

IN COOPERATION WITH THE CITY, OVERSEE A PROPOSED PUBLIC/PRIVATE INITIATIVE FOR (I) REPLACING THE CURRENT RICHMOND COLISEUM, A LARGE, PUBLICLY-OWNED ARENA LOCATED IN THE CITY THAT SERVES AS A VENUE FOR CONCERTS, SPORTING EVENTS AND OTHER LARGE-AUDIENCE EVENTS, WITH A NEW STATE-OF-THE ART ARENA, (II) RENOVATING AND REPURPOSING THE PUBLICLY-OWNED BLUES ARMORY, AN AGING BRICK ARMORY WHICH WAS LISTED ON THE NATIONAL REGISTER OF HISTORIC PLACES ON MAY 17,1976, AS A MUSIC VENUE AND DOWNTOWN FOOD MARKET, (III) REDEVELOPING THE SURROUNDING AREAS. THE CITY COUNCIL DETERMINED NOT TO APPROVE AND PROCEED WITH THE INITIATIVE; ACCORDINGLY THE ORGANIZATION IS TERMINATING ITS OPERATIONS.

Program 2

Expenses: $6,760

LIQUIDATING DISTRIBUTION TO CHARITY UPON TERMINATION OF 501(C)(3).

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $6,760

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,760

Other Expenses $14,033

TOTAL EXPENSES $20,793

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$2,000,000	-1.0%
Expenses	$20,793	$2,062,533	-1.0%
Net Income	N/A	$-62,533	N/A

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

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
MARTIN J BARRINGTON	PRESIDENT, SECRETARY, TREA	15.00	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
2021	No data	$20,793	No data	No data
2020	$2,000,000	$2,062,533	$20,793	$-62,533
2019	$114,592	$2,313,321	$83,326	$-2,198,729