ANDROMEDA COMMUNITY INITIATIVE INC

EIN: 824497530 501(c)(3) Human Services

LONG ISLAND CITY, NY

Total Revenue
$1,544,380
Total Expenses
$1,669,033
Total Assets
$1,398,709
Net Assets
$995,715
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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
NY
Principal Officer
JOHN PANTANELLI
Phone
7189375353
Tax Period
2024-10-01 to 2025-09-30

ANDROMEDA COMMUNITY INITIATIVE INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

PROVIDE FREE EDUCATION AND JOB RELATED PROGRAMS THAT PREPARE PARTICIPANTS TO ENTER CONSTRUCTION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,390,643
Program Service Revenue $146,355
Investment Income $7,382
Other Revenue $0
TOTAL REVENUE $1,544,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,037,508
Fundraising Expenses $69,326
Program Expenses $1,469,009
Other Expenses $631,525
TOTAL EXPENSES $1,669,033

Year-over-Year Comparison

2024 2023 Change
Revenue $1,544,380 $1,889,476 -0.2%
Expenses $1,669,033 $1,372,785 +0.2%
Net Income $-124,653 $516,691 -1.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
11
Volunteers
8

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
4
$176,074
Total Directors
4
$176,074
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHAN ANDREATOS PRESIDENT 2.00
Officer
$0 $0 $0
KENNETH THOMAS TREASURER 2.00
Officer
$0 $0 $0
TANIA D'ALBA SECRETARY 2.00
Officer
$0 $0 $0
ERIC JANCZYK DIRECTOR 2.00
Director
$0 $0 $0
TOM ZOVAS DIRECTOR 2.00
Director
$0 $0 $0
PAUL SAVAGE DIRECTOR 2.00
Director
$0 $0 $0
DAVID NIDUS EXECUTIVE DIRECTOR 40.00
Officer Director
$176,074 $0 $176,074
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
2025 $1,544,380 $1,669,033 $1,398,709 $-124,653
2024 $1,889,476 $1,372,785 $1,283,895 $516,691
2023 $943,306 $904,424 $779,148 $38,882
2022 $864,729 $773,883 $738,680 $90,846
2021 $799,634 $578,743 $743,347 $220,891
2020 $641,812 $425,355 $599,201 $216,457
2019 $714,402 $522,642 $286,821 $191,760
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