Roosevelt Island Business Alliance Inc (EIN 932246104) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Principal Officer

Lewis Hartman

Phone

9179409843

Tax Period

2023-09-01 to 2024-08-31

Roosevelt Island Business Alliance Inc, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $25K in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 97% operating margin.

Mission

The organization is comprised of businesses and residential buildings in the Roosevelt Island community with the goal of pursuing projects and goals with the purpose of improving the community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,179

Investment Income $2

Other Revenue $0

TOTAL REVENUE $25,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79

Other Expenses $683

TOTAL EXPENSES $683

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,181	$13,000	+0.9%
Expenses	$683	$20	+33.2%
Net Income	$24,498	$12,980	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lewis Hartman	President, Board of Trustees	1	Officer Director	$0	$0	$0
Brian Weisberg	Vice President, Board of Trustees	1	Officer Director	$0	$0	$0
Frank Raffaelle	Secretary, Board of Trustees	1	Officer Director	$0	$0	$0
Alexander Arzac	Treasurer, Board of Trustees	1	Officer Director	$0	$0	$0
David Kramer	Vice President, Board of Trustees	1	Officer Director	$0	$0	$0
Joe Weishaar	Director At-Large, Board of Trustees	1	Director	$0	$0	$0
Mona Sen	Director At-Large, Board of Trustees	1	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	$25,181	$683	$37,478	$24,498
2023	$13,000	$20	$12,980	$12,980

Roosevelt Island Business Alliance Inc