Block 9 Master Condominium Association (EIN 861285820) - 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

2018

Legal Domicile

Principal Officer

Paul Noah

Phone

7015515422

Tax Period

2024-01-01 to 2024-12-31

Block 9 Master Condominium Association, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $780K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $682K left a modest 13% surplus.

Mission

To maintain the 18-story Block 9 mixed-use skyscraper building in the heart of downtown Fargo.

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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 $0

Program Service Revenue $779,712

Investment Income $0

Other Revenue $0

TOTAL REVENUE $779,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $543,247

Other Expenses $681,769

TOTAL EXPENSES $681,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$779,712	$699,732	+0.1%
Expenses	$681,769	$717,198	0.0%
Net Income	$97,943	$-17,466	-6.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Noah	Director	0.50	Director	$0	$0	$0
Mike Allmendinger	Director	0.50	Director	$0	$0	$0
F Scott Neal	Director	0.50	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	$779,712	$681,769	$129,102	$97,943
2023	$699,732	$717,198	$80,909	$-17,466
2022	$611,855	$652,088	$98,059	$-40,233
2021	$552,482	$460,192	$109,760	$92,290

Block 9 Master Condominium Association