RED HOOK COMMUNITY BUSINESS ALLIAN… - Form 990 Financial Data

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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

2021

Legal Domicile

Principal Officer

SUSAN POVICH

Phone

9176483734

Tax Period

2024-07-01 to 2025-06-30

RED HOOK COMMUNITY BUSINESS ALLIANCE, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $234K in total revenue in fiscal year 2024. Revenue surged 80183% from the prior year, signaling strong growth momentum. Expenses of $225K left a modest 4% surplus.

Mission

TO ENSURE THE VITALITY OF RED HOOK AND THE PRESERVATION OF ONE OF NYC'S MOST DYNAMIC AND UNIQUE WATERFRONT NEIGHBORHOODS. WE WORK TO BUILD A RESILIENT AND VIBRANT RED HOOK NEIGHBORHOOD BY SHARING RESOURCES, BUILDING CONNECTIONS, ADVOCATING FOR IMPROVED CONDITIONS, INCREASING UTILIZATION OF RED HOOK'S MANY TALENTS AND ASSETS, AND PRODUCING AND MARKETING EVENTS THAT SHOWCASE ALL THAT RED HOOK HAS TO OFFER.

Program Service Accomplishments

Program 1

Expenses: $189,204 Revenue: $6,000

OUR PROGRAMS INCLUDE:(A) BUILDING COMMUNITY LOCAL ECONOMIES;(B) PROMOTING AND ADVOCATING FOR THE INTERESTS OF THE COMMUNITY OF RED HOOK, BROOKLYN;(C) HOSTING EDUCATIONAL WORKSHOPS IN HUMAN RESOURCES AND BUSINESS MATTERS FOR RESIDENTS OF RED HOOK, BROOKLYN;(D) CREATING A HIRING NETWORK OF LOCAL RESIDENTS SEEKING EMPLOYMENT; AND(E) HOSTING COMMUNITY EVENTS SUCH AS CLEAN-UPS AND POP-UPS AND PLANTINGS.

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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 $228,426

Program Service Revenue $6,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $234,426

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,555

Fundraising Expenses $0

Program Expenses $189,204

Other Expenses $79,106

TOTAL EXPENSES $224,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$234,426	$292	+801.8%
Expenses	$224,661	N/A	N/A
Net Income	$9,765	$292	+32.4%

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

$10,395

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN POVICH	CHAIR	1.25	Officer Director	$0	$0	$0
VICTORIA ALEXANDER	VICE CHAIR	0.30	Officer Director	$0	$0	$0
JOHN FRIZELL	SECRETARY	0.10	Officer Director	$0	$0	$0
MARK SNYDER	CO-SECRETARY	0.10	Officer Director	$0	$0	$0
DAVID GOLDBERG	TREASUER	0.20	Officer Director	$0	$0	$0
DAWN SKEET	BOARD MEMBER	0.10	Director	$0	$0	$0
MEGAN SUTTLES	BOARD MEMBER	0.30	Director	$0	$0	$0
CHRISSY FICHTL	BOARD MEMBER	0.10	Director	$0	$0	$0
AMBER LASCIAK	BOARD MEMBER	0.10	Director	$0	$0	$0
TIFFINEY DAVIS	BOARD MEMBER	0.10	Director	$0	$0	$0
CARLY BAKER-RICE	EXECUTIVE DIRECTOR	40.00	Officer	$9,101	$1,294	$10,395

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	$234,426	$224,661	$104,567	$9,765

RED HOOK COMMUNITY BUSINESS ALLIANCE