SYC DEVELOPMENT INITIATIVE INC (EIN 884281815) - 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

NICOLE LAFOUNTAINE

Phone

5163619813

Tax Period

2025-01-01 to 2025-12-31

SYC DEVELOPMENT INITIATIVE INC, founded in 2022, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $4K in total revenue in fiscal year 2025. Revenue surged 610% from the prior year, signaling strong growth momentum. The organization ran a surplus of $737, a strong 21% operating margin.

Mission

SYC DEVELOPMENT INITIATIVE INC. IS DEDICATED TO TRANSFORMING OUR COMMUNITY THROUGH THE POWER OF LIVE THEATER. OUR MISSION IS TO ENRICH, EDUCATE, AND ENTERTAIN WITH ENGAGING PRODUCTIONS AND EDUCATIONAL PROGRAMS, PROMOTE ACCESSIBILITY BY MAKING THEATER AVAILABLE TO ALL, CELEBRATE DIVERSITY BY SHOWCASING A WIDE RANGE OF VOICES AND STORIES, FOSTER COMMUNITY THROUGH BUILDING CONNECTIONS, AND PURSUE EXCELLENCE BY COMMITTING TO HIGH STANDARDS IN EVERY PRODUCTION AND PROGRAM WE OFFER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,550

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,271

Other Expenses $2,813

TOTAL EXPENSES $2,813

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,550	$500	+6.1%
Expenses	$2,813	$17,611	-0.8%
Net Income	$737	$-17,111	-1.0%

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

N/A

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
JAMES KINNEY	VICE PRESIDE	N/A	Officer	$0	$0	$0
NICOLE LAFOUNTAINE	PRESIDENT	N/A	Officer	$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	$3,550	$2,813	$1,197	$737
2024	$500	$17,611	$459	$-17,111
2023	$163,221	$146,700	$17,570	$16,521

SYC DEVELOPMENT INITIATIVE INC