THE PATERSON ALLIANCE INC

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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

2001

Legal Domicile

Principal Officer

LAUREN FRARY

Phone

9735193655

Tax Period

2024-01-01 to 2024-12-31

THE PATERSON ALLIANCE INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $424K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $411K left a modest 3% surplus.

Mission

The Paterson Alliance is a coalition of more than 100 nonprofits serving the Paterson community. We bring together nonprofit members and other stakeholders such as businesses, the school district and city and county officials to address issues that impact our communty.

Program Service Accomplishments

Program 1

Expenses: $264,615

Member Services- The Alliance hosts monthly meetings that give members an opportunity to connect and collaborate with each other and learn about issues city and its citizens. We conducted programs...

Member Services- The Alliance hosts monthly meetings that give members an opportunity to connect and collaborate with each other and learn about issues city and its citizens. We conducted programs that provided collaboration opportunities for our Paterson Kids Count,information about the opiod epidemic, an opportunity to meet the funders,a presentation by our apprentices to highlight their summer experience, a networking event for executive directors, and a holiday gathering of members to share news and good times. We created task forces to bring together organizations with similar missions, which gave them the opportunity to collaborate in funding.

Program 2

Expenses: $42,823

Paterson Early Childhood Education Coalition-Paterson Kids Count

Program 3

Expenses: $37,999

Paterson Alliance Apprenticeship Program-We provided an appreticeship program for ten Paterson High School students. Each student was paid for jobs that allowed them to beneifit form real work...

Paterson Alliance Apprenticeship Program-We provided an appreticeship program for ten Paterson High School students. Each student was paid for jobs that allowed them to beneifit form real work situations. Students worked with for our members at at no cost to their organization.

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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 (2024)

Revenue Breakdown

Contributions & Grants $415,802

Program Service Revenue $0

Investment Income $1,066

Other Revenue $7,311

TOTAL REVENUE $424,179

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,184

Fundraising Expenses $32,209

Program Expenses $345,437

Other Expenses $179,924

TOTAL EXPENSES $411,108

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,179	$324,918	+0.3%
Expenses	$411,108	$324,025	+0.3%
Net Income	$13,071	$893	+13.6%

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

Employees

Volunteers

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

$115,156

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD WILLIAMS	PRESIDENT	3	Officer Director	$0	$0	$0
ROSIE GRANT	VICE PRESIDENT	2	Officer Director	$0	$0	$0
KARA RABBIT	SECRETARY	2	Officer Director	$0	$0	$0
JOSHUA CHANINIE	TREASURER	2	Officer Director	$0	$0	$0
ANNY ALONZO	BOARD MEMBER	1	Director	$0	$0	$0
ASHLEY BIGGS	BOARD MEMBER	1	Director	$0	$0	$0
BRENDA BELMONT	BOARD MEMBER	1	Director	$0	$0	$0
WILLIAM BRYANT	BOARD MEMBER	1	Director	$0	$0	$0
GILMAN CHOUDHRY	BOARD MEMBER	1	Director	$0	$0	$0
CARLOS LOPEZ	BOARD MEMBER	1	Director	$0	$0	$0
MARISOL RODRIGUEZ	BOARD MEMBER	1	Director	$0	$0	$0
RANA SABAGH	BOARD MEMBER	1	Director	$0	$0	$0
SHANIKWA LEMON	DIRECTOR OF PROGRAMS	40	Key Emp Highest	$62,238	$0	$62,238
LAUREN FRARY	DIRECTOR OF OPERATIONS	16	Key Emp	$21,713	$0	$21,713
INGE SPUNGE	RETIRING EXECUTIVE DIRECTOR	40	Key Emp	$31,205	$0	$31,205

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	$424,179	$411,108	$762,213	$13,071
2023	$309,292	$308,399	$266,669	$893
2022	$224,426	$284,205	$242,245	$-59,779
2021	$272,438	$245,931	$291,259	$26,507
2020	$256,416	$217,820	$266,327	$38,596
2019	$292,440	$252,186	$235,407	$40,254
2018	$316,443	$241,383	$211,303	$75,060