CANNON POINT PRESERVATION CORP

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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

JAMES DONOVAN

Phone

6467083408

Tax Period

2020-01-01 to 2020-12-31

Mission

THE PURPOSE IS TO ENSURE, IMPROVE AND MAINTAIN THE INTEGRITY OF THE COMMUNITY SURROUNDING SUTTON PLACE SOUTH AND SUTTON PLACE PARK IN MANHATTAN, NEW YORK (THE "COMMUNITY"), INCLUDING THE VISUAL ASPECTS, AESTHETICS, TREES, SHRUBS AND PLANTINGS FOR THE PURPOSE OF PUBLIC APPRECIATION, ENJOYMENT AND RECREATION. THE ORGANIZATION WILL ACHIEVE ITS OBJECTIVES IN A VARIETY OF WAYS. THE ORGANIZATION WILL ENGAGE RESIDENTS AND OTHER COMMUNITY ORGANIZATIONS IN THE COMMUNITY IN ORDER TO CREATE A VIBRANT AND HEALTHY COMMUNITY. SUCH ENGAGEMENT WILL BRING TOGETHER MEMBERS OF THE COMMUNITY TO SUPPORT THE NON-COMMERCIAL, RESIDENTIAL CHARACTER OF THE NEIGHBORHOOD AND WILL PROVIDE AN EDUCATIONAL RESOURCE FOR ALL AGES WHICH WILL AIM TO MAKE SUTTON PLACE PARK AND ITS SURROUNDING AREAS A VIBRANT CENTER OF THE COMMUNITY AND TO PRESERVE IT UNIMPAIRED FOR FUTURE GENERATIONS. THE ORGANIZATION IS DEDICATED TO ENHANCING THE COMMUNITY'S URBAN PLAN AND LAYOUT AND TO PRESERVING ITS HISTORIC BEAUTY. THE ORGANIZATION WI

Program Service Accomplishments

Program 1

Expenses: $14,330 Revenue: $0

TO ENSURE, IMPROVE & MAINTAIN THE INTEGRITY OF THE COMMUNITY SURROUNDING SUTTON PLACE SOUTH & SUTTON PLACE PARK IN MANHATTAN, NEW YORK ( THE COMMUNITY), INCLUDING THE VISUAL ASPECTS, AESTHETICS...

TO ENSURE, IMPROVE & MAINTAIN THE INTEGRITY OF THE COMMUNITY SURROUNDING SUTTON PLACE SOUTH & SUTTON PLACE PARK IN MANHATTAN, NEW YORK ( THE COMMUNITY), INCLUDING THE VISUAL ASPECTS, AESTHETICS, TREES, SHRUBS & PLANTINGS FOR THE PURPOSE OF PUBLIC APPRECIATION, ENJOYMENT & RECREATION.

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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 $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,330

Other Expenses $14,330

TOTAL EXPENSES $14,330

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$451,995	-1.0%
Expenses	$14,330	$791,794	-1.0%
Net Income	N/A	$-339,799	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 NANCE	TREASURER	1.0	Director	$0	$0	$0
JAMES P DONOVAN	PRESIDENT	20.0	Director	$0	$0	$0
PAUL D WEXLER	VICE PRESIDENT	1.0	Director	$0	$0	$0
STEVEN BAMUNDO	SECRETARY	1.0	Director	$0	$0	$0
BELINDA MARKEL	VICE PRESIDENT	10.0	Director	$0	$0	$0
HELENE BLANK	VICE PRESIDENT	10.0	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
2020	No data	$14,330	No data	No data
2019	$451,995	$791,794	$14,330	$-339,799
2018	$573,965	$219,836	$396,589	$354,129
2018	$573,965	$219,836	$396,589	$354,129