NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC (EIN 874519402) - 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

2022

Legal Domicile

Principal Officer

SUSAN SULLIVAN

Phone

6172337565

Tax Period

2023-07-01 to 2024-06-30

NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $3.7M in total revenue in fiscal year 2023.

Mission

TO DEVELOP, IMPLEMENT, MANAGE, OPERATE, ENHANCE, AND PROMOTE GENERAL WELFARE OF THE PEOPLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $697,668

Program Service Revenue $2,983,061

Investment Income $485

Other Revenue $0

TOTAL REVENUE $3,681,214

Expense Breakdown

Grants Paid $18,641

Salaries & Benefits $572,574

Fundraising Expenses $130,016

Program Expenses $3,126,249

Other Expenses $3,009,748

TOTAL EXPENSES $3,600,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,681,214	$3,563,681	+0.0%
Expenses	$3,600,963	$3,028,591	+0.2%
Net Income	$80,251	$535,090	-0.9%

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

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

$153,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN SULLIVAN	PRESIDENT/CLERK	40.00	Officer	$151,725	$1,446	$153,171
MICHAEL ROTHSCHILD	CHAIR	5.00	Officer Director	$0	$0	$0
VALEDA BRITTON	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOHN MARSTON	TREASURER	5.00	Officer Director	$0	$0	$0
FRANK BAKER	DIRECTOR	2.00	Director	$0	$0	$0
BOB BIGGIO	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE BOWDEN	DIRECTOR	2.00	Director	$0	$0	$0
JOEY CUZZI	DIRECTOR	2.00	Director	$0	$0	$0
GERRY DIPIERRO	DIRECTOR	2.00	Director	$0	$0	$0
SYDNEY DURAND	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FELDMAN	DIRECTOR	2.00	Director	$0	$0	$0
LINDA DORCENA FORRY	DIRECTOR	2.00	Director	$0	$0	$0
RICH FULLAM	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW GRACE	DIRECTOR	2.00	Director	$0	$0	$0
ZACH HAROUTUNIAN	DIRECTOR	2.00	Director	$0	$0	$0
RAY HENNINGSON	DIRECTOR	2.00	Director	$0	$0	$0
PAUL HOLLAND	DIRECTOR	2.00	Director	$0	$0	$0
PAUL NEWMAN	DIRECTOR	2.00	Officer Director	$0	$0	$0
JEFF PRANSKY	DIRECTOR	2.00	Director	$0	$0	$0
SARITIN RIZZUTO	DIRECTOR	2.00	Director	$0	$0	$0
WADE SARRAF	DIRECTOR	2.00	Director	$0	$0	$0
BETH SCHERER	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL SCHONDEK	DIRECTOR	2.00	Director	$0	$0	$0
MANOJ SHINDE	DIRECTOR	2.00	Director	$0	$0	$0
MARLA SMITH	DIRECTOR	2.00	Director	$0	$0	$0
CAROL TIENKEN	DIRECTOR	2.00	Director	$0	$0	$0
STAN WALCZAK	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$3,681,214	$3,600,963	$1,226,058	$80,251
2023	$3,563,681	$3,028,591	$1,211,088	$535,090
2022	$1,004,213	$648,708	$598,395	$355,505

NEWMARKET BUSINESS IMPROVEMENT DISTRICT INC