NYMDA COVID-19 RESOURCE PROJECT INC (EIN 883907818) - 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

2023

Legal Domicile

Principal Officer

DALLAS NELSON

Tax Period

2023-01-01 to 2023-12-31

NYMDA COVID-19 RESOURCE PROJECT INC, founded in 2023, is a small nonprofit that reported $327K in total revenue in fiscal year 2023. Expenses of $624K exceeded revenue, resulting in a 91% operating deficit.

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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 $326,821

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $326,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $619,388

Other Expenses $623,748

TOTAL EXPENSES $623,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,821	N/A	N/A
Expenses	$623,748	N/A	N/A
Net Income	$-296,927	$0	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	Role	Reportable Comp	Other Comp	Total
DALLAS NELSON MD	PRESIDENT	Officer Director	$0	$0	$0
RUTH SPINNER MD	VICE PRESIDENT	Officer Director	$0	$0	$0
SCOTT SCHABEL MD	TREASURER	Officer Director	$0	$0	$0
ANSHU SINGH MD	SECRETARY	Officer Director	$0	$0	$0
PAULA LESTER MD	BOARD MEMBER	Director	$0	$0	$0
DAVID SISKIND MD	BOARD MEMBER	Director	$0	$0	$0
JAY SLOTKIN MD	BOARD MEMBER	Director	$0	$0	$0
IRVING GOMOLIN MD	BOARD MEMBER	Director	$0	$0	$0
JEFFERY NICHOLS MD	BOARD MEMBER	Director	$0	$0	$0
RACHEL FERMO MD	BOARD MEMBER	Director	$0	$0	$0
TIM HOLAHAN DO	BOARD MEMBER	Director	$0	$0	$0
THOMAS PINGREE	BOARD MEMBER	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	No data	No data	No data	No data
2023	$326,821	$623,748	$68,054	$-296,927

NYMDA COVID-19 RESOURCE PROJECT INC