Nomad Alliance Inc

Nonprofit profile at a glance

EIN
475567458
IRS 990-EZ coverage
2018–2024
Forms available
Form 990 2017, Form 990-EZ 2024, Form 990-N 2016
Location
New York, NY, USA
Phone
2122553346
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Coalitions

Reported finances

Revenue
$72,272
Expenses
$331,404
Assets
$107,608
Liabilities
$541,171

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • LESLIE SPIRA LOPEZ (PRESIDENT)

People named in this filing

  • LESLIE SPIRA LOPEZ (PRESIDENT)
  • DANIEL DITIERI (TREASURER)
  • JOHN DOHERTY (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the community of the area in manhattan known as "nomad" (short for north of madison square), to support nomad's business community and to keep the area clean, safe and beautiful.

What it reported doing in 2024

The nomad alliance continues to connect members of the community, using our proprietary website, social media platforms and traditional press communications to further promote the neighborhood, the culture and the "magic" that is nomad. We maintain a business directory and links to relevant sites in an effort to assist the businesses in the area, connecting each other to promote synergies, opportunities and events in nomad and the neighboring areas. In 2024, nomad alliance continued to issue nomad magazine. Nomad magazine celebrates that there's no place like nomad. This interactive digital publication delves into nomad personalities, businesses, and destinations under the categories of live, work, and play.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 100
  • Sustainability: 15
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 65.5%; rating input score 66

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -358.6%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 5.03; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 42.9% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: -30% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 5.7% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 65.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $217K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.