ACKNOW COMMUNITY INITIATIVES INC

EIN: 932411583 501(c)(3) Community Improvement

NANTUCKET, MA

Total Revenue
$535,750
Total Expenses
$176,500
Total Assets
$359,250
Net Assets
$359,250
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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
MA
Principal Officer
JULIA PLINDNER
Phone
5082287500
Tax Period
2023-01-01 to 2023-12-31

ACKNOW COMMUNITY INITIATIVES INC, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $536K in total revenue in fiscal year 2023. The organization ran a surplus of $359K, a strong 67% operating margin.

Mission

TO ENGAGE THE COMMUNITY TO EFFECT THOUGHTFUL AND MEANINGFUL CHANGE THAT IMPROVES THE QUALITY OF LIFE ON NANTUCKET. TO SUPPORT THE HOUSING NEEDS OF THE LOCAL COMMUNITY AND WORKFORCE WITHIN THE TOWN AND COUNTY OF NANTUCKET BY WORKING TO DEVELOP, FUND AND IMPLEMENT PROGRAMS THAT SUPPORT ATTAINABLE HOUSING, INCLUDING BUT NOT LIMITED TO INITIATIVES THAT COMPLEMENT LOCAL GOVERNMENT AND OTHER ORGANIZATIONEFFORTS FOCUSED ON MITIGATING ACUTE HOSUING SHORTAGES FOR MUNICIAPAL AND OTHER ESSENTIAL EMPLOYEES AS WELL AS INCREASING THE AVAILABLITY OF ATTAINABLE HOUSING IN NANCTUCKET.

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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 (2023)

Revenue Breakdown

Contributions & Grants $535,750
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $535,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,856
Other Expenses $176,500
TOTAL EXPENSES $176,500

Year-over-Year Comparison

2023 2022 Change
Revenue $535,750 N/A N/A
Expenses $176,500 N/A N/A
Net Income $359,250 N/A 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

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Governance

Voting Members
8
Independent Members
8
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA LINDNER PRESIDENT & EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
CARL JELLEME CHAIR & DIRECTOR 2.00
Officer Director
$0 $0 $0
JOHN SYLVIA TREASURER & DIRECTOR 2.00
Officer Director
$0 $0 $0
SCOTT OCONNOR CLERK & DIRECTOR 2.00
Officer Director
$0 $0 $0
PETER MCCAUSLAND DIRECTOR 2.00
Director
$0 $0 $0
GEORGE SPENCER LLL DIRECTOR 2.00
Director
$0 $0 $0
CRISS TROAST DIRECTOR 2.00
Director
$0 $0 $0
LISA BOTTICELLI DIRECTOR 2.00
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 $535,750 $176,500 $359,250 $359,250
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