ROOSEVELT ISLAND BUSINESS ALLINANCE INC

EIN: 932246104 Community Improvement

New York, NY

Total Revenue
$82,772
Total Expenses
$60,754
Total Assets
$59,500
Net Assets
$59,500
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NY
Principal Officer
Lewis Hartman
Phone
9179409843
Tax Period
2024-09-01 to 2025-08-31

ROOSEVELT ISLAND BUSINESS ALLINANCE INC, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $83K in total revenue in fiscal year 2024. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 27% 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.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

The organization collects member dues to accumulate a reserve that will be applied to its projects and goals.

Program 2
Expenses: $20,000 Revenue: $20,000

The organization collected committed contributions towards the development of a mobile app marketed to visiting tourists.

Program 3
Expenses: $40,000 Revenue: $0

The organization co-hosted a fundraising gala for the purpose of generating funds to donate to neighborhood nonprofits.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,772
Program Service Revenue $20,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $82,772

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $0
Fundraising Expenses $389
Program Expenses $60,000
Other Expenses $20,754
TOTAL EXPENSES $60,754

Year-over-Year Comparison

2024 2023 Change
Revenue $82,772 $25,181 +2.3%
Expenses $60,754 $683 +88.0%
Net Income $22,018 $24,498 -0.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
2025 $82,772 $60,754 $59,500 $22,018
2024 $25,181 $683 $37,478 $24,498
2023 $13,000 $20 $12,980 $12,980
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